News Bulletin
Tuesday, May 12, 2026
Evening Edition

Economic Numbers:

Time	Event	Actual	Forecast	Previous
Tuesday, May 12, 2026
8:15	ADP Employment Change Weekly	33.00K		39.25K
8:30	CPI (MoM) (Apr)	0.60%	0.60%	0.90%
8:30	CPI (YoY) (Apr)	3.80%	3.70%	3.30%
8:30	Core CPI (MoM) (Apr)	0.40%	0.30%	0.20%
8:30	Core CPI (YoY) (Apr)	2.80%	2.70%	2.60%
13:00	10-Year Note Auction	4.47%		4.28%

Indices

	CLOSE	50 DMA	200 DMA
DJIA	49,760.56	47,907.73	47,381.14
NASDAQ	26,088.20	23,341.26	22,877.79
S&P 500	7,400.96	6,879.64	6,764.67

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
Aramark ARMK:US	0.49	0.47	4.91B	4.75B	$13.06B	AM
Zebra Technologies ZBRA:US	4.75	4.25	1.5B	1.48B	$11.15B	AM
Masimo MASI:US		1.43		398.65M	$9.45B	AM
Chart Industries GTLS:US		2.47		1.12B	$8.76B	AM
Brightstar Lottery PLC IGT:US	0.14	0.25	587M	610.83M	$2.38B	AM
HUB HUBG:US		0.39		885.76M	$2.26B	PM
Veris Residential CLI:US				67.94M	$1.76B	PM
Under Armour UAA:US	-0.03	-0.02	1.2B	1.16B	$1.35B	AM

Market News:

Wall Street was mostly lower on Tuesday, though the main averages closed well off their session lows on a boost from defensive sectors such as health care and consumer staples.

Still, sentiment was largely negative a key inflation report came in hotter than expected amid signs of a hardening stalemate between Washington and Tehran. Chip stocks took it on the chin after a spate of recent gains, sending the overall technology sector lower.

The benchmark S&P 500 index slipped 0.2% to end at 7,401.39 points, paring back a fall of as much as 1%. The tech-heavy NASDAQ Composite shed 0.7% to settle at 26,088.20 points, eating into a slide of as much as 2%.

The blue-chip Dow Jones Industrial Average added 0.1% to conclude at 49,760.56 points, reversing a decline of as much as 0.8% on the back of gains in defensive components such as UnitedHealth, Walmart, and Amgen.

Regardless of Tuesday’s decline, the three main averages remain near record levels, especially the S&P and the Nasdaq. A combination of a strong earnings season, a sustained rally in the artificial intelligence trade, and hopes of a swift end to the Iran war have boosted U.S. markets.

Annual headline CPI hits highest level since May 2023

A key U.S. consumer inflation report was in the spotlight, with market participants keenly looking out for any impact from spiking oil prices due to the Middle East conflict.

As per the Bureau of Labor Statistics, the headline consumer price index (CPI) in April ticked up 0.6% M/M and 3.8% Y/Y, compared to consensus estimates of 0.6% and 3.7%. The 3.8% reading is the highest since a 4% rise in May 2023.

Core CPI, which excludes food and energy, was up 0.4% M/M and 2.8% Y/Y, versus estimates of 0.3% and 2.7%.

The inflation data confirmed that surging oil prices were indeed boosting consumer prices. The index for energy prices climbed 3.8% M/M in April, accounting for over 40% of the monthly headline CPI growth. However, the energy index did decelerate significantly from March’s 10.9% M/M increase. On a Y/Y basis, the energy index soared 17.9%, its highest since September 2022.

The index for gasoline prices advanced 5.4% on a M/M basis in April, much slower than March’s 21.2% gain. On a Y/Y basis, the gasoline index jumped 28.4%, its highest since July 2022.

"Today’s inflation data shows the impact of higher gas prices on many components of the Consumer Price Index. There is no easy or quick fix to energy driven inflation, and expectations of a worsening problem are growing. This coupled with increasingly mixed employment and economic data has made the Fed’s job very tricky and is most likely going to force the FOMC to keep rates at current levels for some time - which is not what market participants are hoping for," Oliver Pursche, senior vice president at Wealthspire Advisors, told Investing.com.

"In spite of all this, the S&P 500 is up 7-1/2% year to date, all the while sentiment is overwhelmingly negative, which has historically proven to be a reliable (contrarian) Bullish indicator," Pursche added.

The April CPI report comes at a time of transition for the Fed, with incumbent chair Jerome Powell’s term coming to an end in three days. He is expected to be replaced by President Donald Trump’s pick Kevin Warsh, a former Fed governor.

"This morning’s hot CPI print spooked investors and in all likelihood put the nail in the coffin for lower interest rates anytime soon (or before 2028) regardless of the best intentions of incoming Fed Chair Warsh who’s more hawkish than dovish views were already going to be a challenge prior to higher for longer global energy prices and the devastating domino effects they are likely to have in the months ahead," Jake Dollarhide, CEO at Longbow Asset Management, told Investing.com.

Traders raised their expectations of interest rate hikes in September, October, and December after the CPI report, the CME FedWatch tool showed.

Analysts also noted that April’s core CPI reading was influenced by an outsized jump in shelter prices.

"Shelter inflation saw a bit of an ‘artificial’ boost given rent and owners’ equivalent rent (OER) are measured on a six-month property rotation. Since they were not collected last October due to the government shutdown (and effectively ’zeroed out’), they were ‘artificially’ depressed up until the new survey period in April," Kevin Gordon, head of macro research and strategy at Charles Schwab, said.

"This is the reason you might see some headlines today that say something to the effect of ’ignore the core CPI reading,’" Gordon added.

U.S.-Iran impasse

Turning to the Middle East conflict, Trump told reporters on Monday that a ceasefire between Washington and Tehran was on "massive life support" after he rejected Iran’s response to an American peace proposal.

Trump dismissed the counteroffer, which was similar to plans previously floated by Iran, in strident terms, calling it "unacceptable" and later "a piece of garbage" that he did not even believe was worth reading fully.

"We don’t have to rush anything," Trump said on Iran on Tuesday. "We have a blockade which allows them no money. It’s a very simple thing: we cannot let them have a nuclear weapon — because they’d use it," the president told radio talk show host Sid Rosenberg.

Later, before boarding his flight to a three-day trip to China, Trump told reporters that the U.S. would "only" be "making a good deal." When asked what would be his redline to end the ceasefire, the president said "we’re going to see."

Meanwhile, there were indications that brinkmanship was returning to the conflict. According to CNN, Trump, impatient with dithering negotiations, was now seriously mulling restarting major combat operations.

Some observers have suggested that Trump’s much-anticipated trip to China and meeting with President Xi Jinping could help crack the stalemate, adding that China, a major importer of Iranian crude, may act as a guarantor of any long-term peace agreement.

Trump told reporters that he would be having a "long talk" about Iran with the Asian nation’s leader, adding that Xi had "been relatively good" about the war.

"You look at the blockade, no problems. They get a lot of their oil from that area, we’ve had no problem. And he’s been a friend of mine. He’s been somebody that we get along with... this is going to be a very exciting trip. A lot of good things are going to happen," Trump said.

But with uncertainty looming over the crisis and, crucially, the Strait of Hormuz remaining all but shuttered to tanker traffic, oil prices climbed once again. Brent crude futures, the global oil benchmark, were last up 3.5% to $107.84 a barrel, while U.S. West Texas Intermediate crude futures gained 4.4% to $102.39 a barrel.

As they have been throughout much of the more than two-month old conflict, oil prices are well above pre-war levels, fueling worries over an inflationary spike that could dent global economic activity.

The United Kingdom on Tuesday said it would be contributing drones, jets, and a warship as part of any future defensive mission to secure safe shipping through the Strait of Hormuz.

eBay rebuffs GameStop

Looking at individual stock moves, GameStop ended 3.4% lower, after eBay rejected the video game retailer’s $56 billion takeover offer, calling it "neither credible nor attractive." Shares of eBay ticked up 2.1%.

Elsewhere, Under Armour stock slumped more than 17%, after the athletic apparel company’s quarterly results and guidance disappointed investors.

Hims & Hers Health tumbled about 14% after the telehealth company logged lower-than-expected first-quarter revenue and a surprise loss in the wake of changes in its weight-loss products.

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