01:46 PM EDT, 05/13/2025 (MT Newswires) -- US equity indexes traded mixed as April consumer prices rebounded less than forecast, while annual inflation eased to the lowest since February 2021.

The Nasdaq Composite jumped 1.9% to 19,058.8, and the S&P 500 rose 1.1% to 5,906.1. The Dow Jones Industrial Average fell 0.2% to 42,319.4. Technology, consumer discretionary, and communication services led the gainers intraday. Healthcare, consumer staples, and real estate were among the decliners.

The consumer price index rose 0.2% in April, compared with a Bloomberg-polled consensus that called for a 0.3% increase. Prices fell 0.1% in March, representing the first monthly drop since May 2020. Annually, inflation cooled to 2.3% last month from March's 2.4%, which was the Street's estimate for April. The latest figure was the smallest 12-month increase since February 2021, the Bureau of Labor Statistics said on Tuesday.

Core inflation, which excludes the volatile food and energy components, accelerated to 0.2% last month from 0.1% in March, but below expectations for a 0.3% increase. The annual core measure came in at 2.8%, matching forecasts.

"There isn't a lot of evidence of tariffs boosting the CPI in April, but this shouldn't be surprising as it takes time," Oxford Economics Chief US Economist Ryan Sweet said in remarks emailed to MT Newswires. "There aren't any implications for the Federal Reserve from the CPI."

Most US Treasury yields advanced intraday, with the 10-year up four basis points to 4.50% and the two-year rate higher by 2.3 basis points to 4.03%.

In company news, UnitedHealth Group ( UNH ) suspended its full-year outlook Tuesday amid higher-than-expected medical costs while announcing Andrew Witty has stepped down as chief executive due to "personal reasons." The health insurer's shares sank 16% intraday, the worst performer on the S&P 500 and the Dow.

Wolfe Research upgraded First Solar ( FSLR ) to outperform from peer perform, with a $221 price target. Shares traded 21% higher to $189.17 intraday, the leader on the S&P 500.

Meanwhile, Raymond James initiated Super Micro Computer ( SMCI ) at outperform, with a $41 price target. Its shares were up 14% intraday to $38.18, the second-biggest gainer on the S&P 500.

West Texas Intermediate crude oil futures surged 2.9% to $63.77 a barrel.