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NASDAQ:FIGA 4 May 2026

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  • Dollar Rises Amid Stock Weakness and Crude Oil Spike
    May 13, 2026, 12:52 PM EDT. The dollar index gained 0.34% on Tuesday, driven by concerns over the US-Iran ceasefire and a 4% surge in crude oil prices, which lifted inflation expectations. The U.S. April Consumer Price Index (CPI) rose 3.8% year-on-year, beating forecasts and marking the fastest increase in nearly three years, pushing the Federal Reserve towards tightening monetary policy. Hawkish comments from Chicago Fed President Austan Goolsbee further supported the dollar. Conversely, the euro fell 0.34% against the dollar amid energy import concerns and expectations of a 25 basis point ECB rate hike in June. The yen weakened 0.24%, pressured by weak Japanese household spending and higher U.S. Treasury yields. The stronger dollar and rising energy costs weighed on both the euro and yen, highlighting diverging central bank policy expectations amid global economic challenges.

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UiPath Stock Drops as Its AI Agent Bet Hits a Hard Earnings Test

UiPath Stock Drops as Its AI Agent Bet Hits a Hard Earnings Test

13 May 2026
UiPath Inc. shares dropped 5.9% to $9.42 on Wednesday, with trading volume above 22 million, after the company launched a new integration for AI coding agents but investors waited for clearer demand signals ahead of its May 28 earnings call. UiPath reported fourth-quarter revenue of $481 million, up 14%, and reached full-year GAAP profitability for the first time.
Wolfspeed Stock Jumps 21% as Citrini Research Reprices AI Power-Chip Bet

Wolfspeed Stock Jumps 21% as Citrini Research Reprices AI Power-Chip Bet

13 May 2026
Wolfspeed shares surged over 21% to $65.13 Wednesday, with trading volume exceeding 18 million shares and market value reaching $2.55 billion. The rally followed Citrini Research’s endorsement, tying Wolfspeed’s silicon carbide chips to rising AI data-center demand. Wolfspeed reported a $120 million net loss last quarter and expects negative gross margins to continue. Some analysts remain cautious despite the stock’s recent gains.
LinkedIn Layoffs 2026: Why Microsoft’s Job Cuts Hit Even as Revenue Grows

LinkedIn Layoffs 2026: Why Microsoft’s Job Cuts Hit Even as Revenue Grows

13 May 2026
LinkedIn will cut about 5% of its workforce, affecting roles in marketing, engineering, and product teams, according to internal memos and sources. The move comes as LinkedIn reported a 12% revenue increase last quarter and surpassed 1.3 billion members. The company has over 17,500 employees worldwide. Microsoft shares were little changed following the news.

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