News Bulletin
Wednesday, May 13, 2026
Evening Edition

Economic Numbers:

Time	Event	Actual	Forecast	Previous
Wednesday, May 13, 2026
8:30	PPI (MoM) (Apr)	1.40%	0.50%	0.70%
8:30	Core PPI (MoM) (Apr)	1.00%	0.30%	0.20%
10:30	Crude Oil Inventories	-4.306M	-2.000M	-2.313M
10:30	Cushing Crude Oil Inventories	-1.702M		-0.648M
13:00	30-Year Bond Auction	5.05%		4.88%

Indices

	CLOSE	50 DMA	200 DMA
DJIA	49,693.20	47,931.78	47,405.47
NASDAQ	26,402.34	23,420.40	22,904.27
S&P 500	7,444.25	6,891.39	6,770.10

Earnings Calendar:

(EPS: Earning Per Share / Rev: Revenue / Mkt Cap: market Capital/ BMO: Before Market Opening /AMC: After Market Close)

COMPANY	EPS Act	EPS Fore	Rev Act	Rev Fore	Mkt Cap	Time
Cisco Systems CSCO:US	1.06	1.03	15.8B	15.19B	$399.19B	PM
Masimo MASI:US		1.43		398.65M	$9.44B	AM
Chart Industries GTLS:US		2.47		1.12B	$8.76B	AM
Aimco AIV:US					$7.91B	PM
Vishay Intertechnology VSH:US	0.05	0.04	839.2M	811.93M	$4.62B	AM
Hawkins HWKN:US		0.77		257.45M	$3.55B	PM
Prestige Brands PBH:US		1.39		296.53M	$2.53B	PM
HUB HUBG:US		0.39		885.76M	$2.37B	PM
Veris Residential CLI:US				67.94M	$1.76B	PM
STAAR Surgical STAA:US	0.1	0.07	93.5M	67.34M	$1.42B	PM

Market News:

U.S. stocks ended mixed on Wednesday, though sentiment improved considerably through the session after initially being dampened by hotter-than-expected producer price index (PPI) data a day after a similar report on consumer prices.

The focus is on President Donald Trump’s visit to China where he will be meeting with counterpart Xi Jinping. A spate of chief executive officers from key tech companies, including Nvidia’s Jensen Huang and Apple’s Tim Cook, have accompanied the president.

The benchmark S&P 500 index added 0.6% to close at 7,444.04 points, while the tech-heavy NASDAQ Composite climbed 1.2% to settle at 26,402.34 points. Both gauges finished at record levels on the back of technology stocks amid optimism over Trump’s trip.

The Dow Jones Industrial Average bucked the trend, slipping 0.1% to conclude at 49,693.20 points. The blue-chip gauge was weighed down by components Salesforce and Home Depot.

"The major U.S. equity indices are rallying amid negative breadth. The notably hotter than forecast PPI report has prompted investors to rotate into the safety of ultra-megacaps," Michael O’Rourke, chief market strategist at Jones Trading, told Investing.com.

"The JT20 index comprised of 20 megacaps representing 50% of the S&P 500 market capitalization is up 1.5% today. Google, Nvidia, Apple, and Tesla account for 100% of the S&P 500 gain today," he said, referring to a concentrated benchmark index developed by Jones Trading.

"Financials, utilities, and small caps - all sectors that typically underperform in a rising rate environment - are leading the decline today. The 10-year Treasury yield is testing the 4.5% level following the unsettling PPI report,"

Trump’s high-stakes China visit; oil falters

While key U.S. producer inflation data grabbed the spotlight in the morning, traders had turned their attention to China, where Trump landed to a red carpet greeting. The president will participate in an official state arrival ceremony on Thursday, after which he will meet with Xi and sit for multiple interviews.

The two leaders are anticipated to discuss a range of topics, including trade and Taiwan. Trump has said that he will press Xi to "open up" China to U.S. businesses.

But it may be the ongoing fight between the U.S. and Iran that will likely receive much of the attention. Analysts have suggested that China, as a major importer of Iranian crude, could be persuaded to act as a guarantor of a lasting peace deal, although some observers have ramped down expectations that such a breakthrough could come from the gathering.

Diplomatic efforts to forge an agreement between Washington and Tehran appear to have stalled. Earlier this week, Trump dismissed an Iranian response to an American peace proposal, describing it as “unacceptable” and a “piece of garbage.” Reports have also swirled around whether the White House will resume strikes against Iran.

Tehran, for its part, has not indicated that it has further plans to appease Trump.

Crucially, the stalemate means the Strait of Hormuz, a vital waterway off of Iran’s southern coast through which roughly a fifth of the world’s oil transits, is effectively shuttered, as it has been for weeks.

As a result, oil prices are floating well above pre-war levels of roughly $70 a barrel. Brent crude futures, the global oil benchmark, were last down 1.8% to $105.87 a barrel.

U.S. producer prices see largest monthly increase since March 2022

Turning to the economic calendar, inflation has been a key theme of the week, with market participants receiving April PPI data on Wednesday following the consumer price index (CPI) report the previous day.

According to the Bureau of Labor Statistics, U.S. headline PPI in April ticked up 1.4% M/M, the largest monthly advance since March 2022. On a Y/Y basis, headline PPI jumped 6%, the biggest since December 2022. Analysts and economists had predicted a climb of 0.5% M/M and 4.9% Y/Y.

The PPI data follows a similarly hot CPI print on Tuesday, which showed a big impact of surging oil prices due to the Middle East conflict. The PPI readings hinted that the spike in oil was raising production costs as well.

"Wednesday’s PPI was strikingly elevated as producers are feeling the ripple effects of $100 per barrel oil, which is raising the cost of production across the board, as energy is arguably the most critical input cost," Clark Bellin, president and chief investment officer at Bellwether Wealth, said.

"The Federal Reserve has an inflation problem on its hands at a time when the labor market has slowed down, and that makes its job much more difficult, especially as the central bank is set to welcome a new Chair in the very near-term," Bellin added, referring to Kevin Warsh, President Donald Trump’s pick to take over as Fed chair from Jerome Powell, whose term is due to end on Friday.

Speaking of Warsh, the U.S. Senate confirmed him as chair on Wednesday in a 54-45 vote, one day after confirming his appointment to the Fed’s Board of Governors in a 51-45 vote. Warsh’s confirmation comes at a time when Trump has repeatedly badgered policymakers to slash interest rates to help lift economic activity.

With U.S. inflation clearly being affected by the oil shock emanating from the Iran war, the Fed is likely to keep interest rates on hold. Traders have even increased their expectations of potential rate hikes later this year.

It is worth noting that both CPI and PPI together feed into the Fed’s preferred inflation gauge - the core personal consumption expenditures (PCE) price index, also known as the core PCE deflator. Analysts noted that the PPI components that affect the PCE were somewhat benign in April.

"The bad PPI headline distracts from weakness in the components that feed into the core PCE deflator, which we estimate rose by 0.28%," Samuel Tombs, chief U.S. economist at Pantheon Macroeconomics, said on X, highlighting a fall in portfolio management fees, a rise in airline fares that was less than the CPI equivalent, and only a modest increase in healthcare and insurance components.

"My toy model for CPI+PPI = ~PCE would hint at a very benign core PCE print for (April). To be honest, I don’t trust the result this month as it’s too unintuitive. Lot of idiosyncratic stuff in inflation numbers at the moment," Guy LeBas, chief fixed income strategist at Janney, said on X.

U.S. Treasury yields, especially on longer-end maturities, gained after the PPI report, with the benchmark 10-year yield hitting its highest level since July last year. The instrument was last little changed at 4.467%. The shorter-end, more rate-sensitive 2-year yield was down nearly 2 basis points to 3.979%.

Cisco to report

On the earnings calendar, results from Dow 30 component Cisco will be in focus after the close of U.S. markets.

Notably, the returns from the networking gear firm will kick off a slew of reports for fiscal quarters ending in April. An earlier set of numbers for the period finishing in March were strong, helping support broader stock markets against headwinds from geopolitical tensions and looming inflation.

In February, Cisco logged adjusted gross margin which was below expectations, due in part to a sharp jump in the price of memory chips. A shortage of the supply of these processors, fueled by the rapid build-out of AI infrastructure, has driven an uptick in cost.

CEO Chuck Robbins noted at the time that, against this backdrop, Cisco is raising its own prices and updating contractual terms with its customers.

In individual stocks, U.S.-listed shares of Alibaba ended more than 8% higher. The Chinese e-commerce major posted a fall in quarterly adjusted profit, but showed robust growth in its cloud computing and artificial intelligence business.

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