Today: 13 May 2026

Khadija Saeed

A dedicated markets reporter, she covers stocks, macroeconomics, and major business developments with a sharp eye for detail and accuracy.

Dow Jones Today: Blue Chips Hold Near 49,700 as Hot CPI Hits Tech and Rate Bets

Dow Jones Today: Blue Chips Hold Near 49,700 as Hot CPI Hits Tech and Rate Bets

The Dow Jones Industrial Average closed nearly flat at 49,700.29 on May 12, while the S&P 500 fell 0.54% and the Nasdaq dropped 1.37%. April’s Consumer Price Index rose 3.8% year-over-year, with energy prices up 17.9%, fueling market declines. Brent crude climbed 3.6% to $107.97 as the Iran war continued. Treasury yields rose, pushing rate-cut expectations further out.
12 May 2026
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US Stock Market Today After the Close: Hot CPI and Oil Reset the AI Rally

US Stock Market Today After the Close: Hot CPI and Oil Reset the AI Rally

The S&P 500 fell 0.4% and the Nasdaq dropped 1.2% from record highs after April CPI rose 0.6%, with energy accounting for over 40% of the increase. Chip stocks led declines as Intel slid 8.6% and Micron lost 6.1%. Brent crude jumped 3.6% to $107.97 amid U.S.-Iran tensions. Fed rate-cut bets for 2026 dropped sharply after the inflation data.
12 May 2026
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Berkshire Hathaway Stock Rises Today as Inflation Makes Its Cash Hoard Matter Again

Berkshire Hathaway Stock Rises Today as Inflation Makes Its Cash Hoard Matter Again

Berkshire Hathaway’s Class B shares climbed 1.4% to $486.46 Tuesday after April CPI data showed inflation up 0.6% for the month and 3.8% year-over-year. The company reported $11.35 billion in first-quarter operating earnings, up from $9.64 billion a year earlier. Berkshire held $373.5 billion in cash and short-term Treasuries at March 31. Prediction markets showed a 97.5% chance of no Fed rate change in June.
12 May 2026
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Why Broadwind Stock Is Surging: Investors Reprice a Wind Exit Into a Power-Demand Story

Why Broadwind Stock Is Surging: Investors Reprice a Wind Exit Into a Power-Demand Story

Broadwind shares surged about 70% to $3.46 Tuesday after its Q1 loss of $0.02 per share beat estimates and revenue topped forecasts at $34.06 million. Orders rose 23% despite total revenue falling 7.5% year over year. The company recently sold its Texas facility and withdrew 2026 guidance following its wind-tower exit. Trading volume exceeded 10 million shares.
12 May 2026
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GitLab Layoffs Send Stock Lower as AI ‘Agentic Era’ Bet Tests Investor Patience

GitLab Layoffs Send Stock Lower as AI ‘Agentic Era’ Bet Tests Investor Patience

GitLab Inc. will cut jobs and restructure global operations to fund artificial-intelligence agents, sending shares down 9.6% to $23.18 Tuesday. The company did not specify the number of roles affected. CEO Bill Staples said most savings will be reinvested, with details expected at the June 2 earnings call. Raymond James downgraded the stock, citing execution risks and slowing growth.
12 May 2026
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Flashscore Beats Broadcasters in Fastest Sports App Survey Before 2026 World Cup

Flashscore Beats Broadcasters in Fastest Sports App Survey Before 2026 World Cup

Flashscore ranked as the fastest live sports results platform by fans in the UK, Italy, and Brazil, according to commissioned research released Tuesday. The survey, published weeks before the 2026 FIFA World Cup, found 46% of UK, 49% of Italian, and 53% of Brazilian respondents rated Flashscore quickest for updates. Flashscore attributed its speed to a new Prague data centre and distributed cloud setup.
12 May 2026
NuScale’s Selloff Is About More Than a Q1 Miss: Investors Want Contracts, Not Nuclear Optionality

NuScale’s Selloff Is About More Than a Q1 Miss: Investors Want Contracts, Not Nuclear Optionality

NuScale Power shares fell 11.4% to $11.78 Tuesday after Citi cut its price target to $7 and the company reported Q1 revenue of $565,000, far below the $7 million consensus. Net loss widened to $44 million from $14 million a year earlier. Trading volume reached 28.7 million shares by mid-afternoon. NuScale cited completed engineering work and lower licensing revenue for the drop.
12 May 2026
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USBC Stock Spikes as a Thin Float Turns a Tokenized-Deposit Bet Into a Momentum Trade

USBC Stock Spikes as a Thin Float Turns a Tokenized-Deposit Bet Into a Momentum Trade

USBC shares surged nearly 59% to $0.81 Tuesday, hitting $0.8824 intraday on over 71 million shares traded, despite no new company news. The move came as Bitcoin and crypto stocks fell, making USBC an outlier. Volume was almost six times the float, with short interest low. Traders cited the firm’s tokenized deposit plans and Bitcoin treasury strategy.
12 May 2026
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PACS Group Stock Jumps as Raised EBITDA Outlook Cuts Through Regulatory Noise

PACS Group Stock Jumps as Raised EBITDA Outlook Cuts Through Regulatory Noise

PACS Group shares surged 23% Tuesday after Q1 results beat estimates, with revenue up 11.2% to $1.42 billion and net income rising to $80.7 million. The company raised its 2026 adjusted EBITDA outlook to $605–$625 million and authorized a $250 million buyback. PACS still faces DOJ and SEC investigations and internal-control issues. Over 2.1 million shares traded as the stock hit $41.63 before settling near $39.30.
12 May 2026
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Venture Global Stock Jumps as LNG Deals Push Scarcity Into 2026 Guidance

Venture Global Stock Jumps as LNG Deals Push Scarcity Into 2026 Guidance

Venture Global shares jumped 16% Tuesday after the LNG exporter raised its 2026 earnings guidance and reported new supply deals with TotalEnergies and Vitol. First-quarter revenue rose 59% to $4.6 billion, with net income up 23% to $488 million. The company said 84% of 2026 cargoes are now contracted, up from 69% last quarter. The stock traded at $13.49, up $1.87, with over 26 million shares changing hands.
12 May 2026
Under Armour’s Selloff Shows Investors Still Don’t Trust the Turnaround Math

Under Armour’s Selloff Shows Investors Still Don’t Trust the Turnaround Math

Under Armour shares plunged nearly 20% Tuesday after the company forecast fiscal 2027 adjusted earnings of 8 to 12 cents per share, far below analysts’ 23-cent estimate. Revenue for the quarter fell 1% to $1.17 billion, with North America sales down 7%. The company raised its restructuring cost estimate to $305 million and expects the overhaul to finish by the end of 2026.
12 May 2026
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Apple Holds Up as Hot Inflation Hits Tech, With Investors Paying for iPhone Demand and AI Optionality

Apple Holds Up as Hot Inflation Hits Tech, With Investors Paying for iPhone Demand and AI Optionality

Apple shares rose 0.4% to $293.85 at midday Tuesday, outperforming Microsoft, Alphabet and Nvidia, which traded lower. The stock gained after record March-quarter results, a $100 billion buyback, and anticipation for AI announcements at WWDC. The S&P 500 fell 0.9% and Nasdaq dropped 1.6% as inflation rose 3.8% in April. Apple reported $111.2 billion in quarterly revenue and raised its dividend to $0.27 per share.
12 May 2026
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Energy Vault’s Eskom Gravity Storage Deal Puts South Africa’s Coal Pivot on the Clock

Energy Vault’s Eskom Gravity Storage Deal Puts South Africa’s Coal Pivot on the Clock

Energy Vault and Eskom signed a deal to build a 25-MW, 100-MWh gravity energy storage system at Hendrina Power Station in Mpumalanga. The project will use Energy Vault’s EVx 2.0 technology and could scale up to 4 GW at the site. The partners plan to co-develop up to 4 GWh of storage across Southern Africa by 2035. Coal supplied 83% of South Africa’s electricity in 2024, according to official data.
12 May 2026
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RKLB Stock Pulls Back After Breakout as Neutron Demand Starts to Set the Price

RKLB Stock Pulls Back After Breakout as Neutron Demand Starts to Set the Price

Rocket Lab shares fell 2.4% to $114.58 Tuesday after hitting an all-time high of $123.94 Monday, following a 40% rally last week. The company reported Q1 revenue of $200.3 million, a $2.2 billion backlog, and more launch contracts booked in three months than in all of 2025. Investors cited both profit-taking and continued bullish sentiment on Neutron and defense demand.
12 May 2026
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SoFi Stock Slips as Truist Puts the Lending-Platform Question Back in Front of Investors

SoFi Stock Slips as Truist Puts the Lending-Platform Question Back in Front of Investors

SoFi Technologies traded near $15.75 midday Tuesday, down 51 cents, after Truist cut its price target to $17 and maintained a Hold rating. The move followed record Q1 results but reflected investor doubts about the strength of SoFi’s technology and loan-platform businesses. SoFi’s recent PrimaryBid acquisition did not offset the pressure. Other fintech stocks, including Upstart and Robinhood, also fell.
12 May 2026
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Circle Stock Gives Back Its Earnings Pop as Arc Ambition Meets Rate Reality

Circle Stock Gives Back Its Earnings Pop as Arc Ambition Meets Rate Reality

Circle Internet Group shares fell 5.1% to $125.05 by late morning Tuesday after an early surge post-earnings. Revenue for the quarter rose 20% to $694 million but missed one forecast, while net income dropped 15% to $55 million. USDC in circulation climbed 28% to $77 billion. The stock swung from $139.63 to $122.20 as investors weighed growth against rate-sensitive income.
12 May 2026
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Stock Market Today

  • SoFi Acquires PrimaryBid IPO Tool Amid Mixed Market Reactions
    May 13, 2026, 4:30 PM EDT. SoFi Technologies acquired PrimaryBid's IPO allocation technology to boost its presence in capital markets for retail investors. Despite this strategic move, shares fell 2.9% to $15.44 after Truist cut the price target from $20 to $17, citing concerns in both loan and technology segments. The acquisition ends PrimaryBid's run as an independent fintech and marks SoFi's deeper push into IPO access, where competitors like Robinhood also operate. SoFi posted strong Q1 results with a 43% revenue jump to $1.10 billion and increased members by 35%, yet a 16% fall in technology platform accounts and cautious Q2 revenue guidance suggest challenges ahead. Investors remain wary amid persistent rate pressures impacting consumer lenders.

Latest articles

Applied Optoelectronics Stock Surges Again as AI Data-Center Demand Outruns Supply

Applied Optoelectronics Stock Surges Again as AI Data-Center Demand Outruns Supply

13 May 2026
Applied Optoelectronics shares surged 21% Wednesday, trading at $227.05 after strong demand from AI data centers pushed first-quarter data-center revenue to $81.4 million, up from $32 million a year ago. CFO Stefan Murry said supply remains the main constraint, with demand expected to outpace output through mid-2027. AOI shipped its first volume 800G products to a hyperscale customer. The company posted a first-quarter net loss of $14.3 million.
Dow Jones Today: Why the Dow Slipped While AI Stocks Drove Wall Street Higher

Dow Jones Today: Why the Dow Slipped While AI Stocks Drove Wall Street Higher

13 May 2026
The Dow Jones Industrial Average fell 90.72 points to 49,669.84 on Wednesday, while the S&P 500 and Nasdaq rose, lifted by gains in chip and AI stocks. Producer prices jumped 1.4% in April, the largest monthly increase since March 2022. The Senate confirmed Kevin Warsh as Federal Reserve chair in a 54-45 vote. Prediction markets showed a 97% chance the Fed holds rates steady in June.
US Stocks Hit Fresh Records as Chip Rally Overpowers Hot Inflation Shock

US Stocks Hit Fresh Records as Chip Rally Overpowers Hot Inflation Shock

13 May 2026
The S&P 500 closed at 7,444.14 and the Nasdaq at 26,404.74, both record highs, while the Dow slipped 0.13% to 49,693.63. April producer prices jumped 1.4%, the largest monthly rise since March 2022, pushing back Fed rate-cut expectations. Prediction markets now see a long pause in U.S. policy easing. Tech stocks, especially AI-linked shares, led gains despite the inflation surprise.

Popular

GitLab Layoffs Send Stock Lower as AI ‘Agentic Era’ Bet Tests Investor Patience

GitLab Layoffs Send Stock Lower as AI ‘Agentic Era’ Bet Tests Investor Patience

12 May 2026
GitLab Inc. will cut jobs and restructure global operations to fund artificial-intelligence agents, sending shares down 9.6% to $23.18 Tuesday. The company did not specify the number of roles affected. CEO Bill Staples said most savings will be reinvested, with details expected at the June 2 earnings call. Raymond James downgraded the stock, citing execution risks and slowing growth.
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