empty
 
 

2026.05.1313:34:08UTC+00Tech Continues to Support US Stocks

US equities were mixed as strength in technology shares offset losses across broader sectors, with faster inflation tempering optimism around the ongoing AI-driven rally. The S&P 500 and Nasdaq edged higher, while the Dow fell 200 points. April producer prices rose more than expected, both for energy-sensitive goods and non-energy services, underscoring how the inflationary impact of the Middle East conflict has expanded beyond direct fuel costs into the wider economy. The data coincided with a renewed rise in refined fuel prices this week amid the continued blockade of tankers in the Persian Gulf. Even so, robust earnings prospects for AI software and hardware companies have supported equity indices since the Q1 reporting season. Hyperscalers traded higher in premarket action after SoftBank disclosed substantial gains on its private stake in OpenAI. Nvidia also climbed 2.5% as CEO Jensen Huang unexpectedly joined other tech leaders and the US delegation at a summit with Chinese officials.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback