Today: 13 May 2026
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Stock Market 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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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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Tesla’s AI premium hits a real-world check as shares reverse from China-FSD rally

Tesla’s AI premium hits a real-world check as shares reverse from China-FSD rally

Tesla shares fell 3.9% to $427.60 by midday Tuesday after April inflation data came in hotter than expected and Reuters reported slow progress in Tesla’s Texas robotaxi rollout. The stock had surged in recent days on optimism over AI and China, but concerns about execution and valuation resurfaced. Reuters tests found long waits and limited robotaxi availability in Austin, with about 50 Tesla vehicles versus over 250 for Waymo.
12 May 2026
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PayPal Stock Stalls Near $45 as Truist Cut Tests the Lores Turnaround

PayPal Stock Stalls Near $45 as Truist Cut Tests the Lores Turnaround

PayPal shares hovered near $45 midday Tuesday, little changed despite a price target cut to $44 and a maintained Sell rating from Truist. The firm cited rising rewards spending and soft international payment volume. PayPal reported Q1 total payment volume up 11% to $463.96 billion, but projected a 3% drop in Q2 transaction margin dollars and a 9% decline in adjusted EPS.
12 May 2026
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Hims & Hers’ GLP-1 Reset Hits the Stock as Investors Reprice Growth Quality

Hims & Hers’ GLP-1 Reset Hits the Stock as Investors Reprice Growth Quality

Hims & Hers Health shares fell 14.6% to $24.89 Tuesday after a Q1 net loss of $92.1 million, reversing a $49.5 million profit a year ago. Revenue rose 4% to $608.1 million, but gross margin dropped to 65% from 73% as the company shifted from compounded GLP-1s to branded drugs like Wegovy and Ozempic. Subscribers climbed to 2.584 million, while monthly revenue per subscriber slipped to $80.
12 May 2026
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POET Stock Rebounds as New COO Gives AI-Photonics Rally a Fresh Test

POET Stock Rebounds as New COO Gives AI-Photonics Rally a Fresh Test

POET Technologies named Sandeep Kumar as chief operating officer, triggering a 2.95% stock rise to $14.31 on heavy volume after shares hit $15.15 intraday. Kumar, formerly of Silicon Labs, will oversee Malaysia manufacturing as the company targets high-volume production. The move comes after Marvell canceled Celestial AI orders, which had weighed on the stock. Broader tech indices fell Tuesday, but POET shares outperformed.
12 May 2026
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Dow Jones Pulls Back as Hot CPI and $100 Oil Test the 50,000 Trade

Dow Jones Pulls Back as Hot CPI and $100 Oil Test the 50,000 Trade

The Dow fell 297.98 points to 49,406.49 at 10:00 a.m. ET after April CPI data showed a 3.8% annual rise and energy prices jumped 17.9%. Goldman Sachs and Caterpillar led declines, accounting for most of the drop. The S&P 500 lost 0.57% and the Nasdaq slid 0.92%. Traders pulled back bets on near-term Fed rate cuts as oil topped $100.
12 May 2026
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US Stock Market Live: Hot CPI and Oil Shock Break Wall Street’s Record Run

US Stock Market Live: Hot CPI and Oil Shock Break Wall Street’s Record Run

U.S. stocks fell Tuesday after April CPI rose 0.6%, with energy and shelter driving inflation above forecasts. The S&P 500 ETF dropped 0.7%, Nasdaq-tracking QQQ lost 1.2%, and small caps slid 1.8% by mid-morning. Treasury yields climbed, and prediction markets showed a high chance of no Fed rate cuts in 2026. Brent crude jumped 3.4% to $107.72 as Middle East tensions disrupted oil flows.
12 May 2026
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Intel Stock Pulls Back as AI Foundry Rally Meets Valuation and CPI Pressure

Intel Stock Pulls Back as AI Foundry Rally Meets Valuation and CPI Pressure

Intel shares fell 2.8% to $125.84 Tuesday morning after a sharp rally fueled by reports of advanced-packaging work with SK hynix and speculation about new foundry customers. The drop followed gains driven by optimism over AI server demand and a possible chipmaking deal with Apple. Intel recently reported Q1 revenue of $13.6 billion, up 7% year-over-year, and forecast Q2 revenue of $13.8–$14.8 billion.
12 May 2026
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Nvidia’s Record Run Is Now a Test of How Much AI Spending the Market Still Trusts

Nvidia’s Record Run Is Now a Test of How Much AI Spending the Market Still Trusts

Nvidia shares climbed 1.2% to near $222 after a record close, as investors positioned ahead of May 20 earnings and focused on strong AI hardware demand from hyperscalers. CEO Jensen Huang was excluded from Trump’s China delegation, highlighting ongoing export risks, but the company’s outlook already assumes no China data center revenue. Nvidia guided first-quarter fiscal 2027 revenue to $78 billion, plus or minus 2%.
12 May 2026
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Hot CPI Shock Hits Nasdaq: Wall Street’s Record Run Stalls as Fed Cut Bets Fade

Hot CPI Shock Hits Nasdaq: Wall Street’s Record Run Stalls as Fed Cut Bets Fade

U.S. stocks fell Tuesday after April inflation exceeded forecasts, with the S&P 500 down 0.4% and the Nasdaq off 0.6%. The Consumer Price Index rose 0.6% in April and 3.8% year-over-year, driven by a 3.8% jump in energy costs. Treasury yields climbed, and major tech shares dropped sharply. Markets now expect the Federal Reserve to keep rates steady into 2027.
12 May 2026
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Hecla Mining’s Silver Rally Has a Balance-Sheet Twist, Not Just a Metals Price Story

Hecla Mining’s Silver Rally Has a Balance-Sheet Twist, Not Just a Metals Price Story

Hecla Mining shares closed Monday at $20.67, up 11.07%, before easing to $20.44 premarket Tuesday as silver prices remained elevated. The company reported $144 million in first-quarter free cash flow and cleared its long-term debt after redeeming notes. Hecla posted a $19 million net loss due to a $192 million write-down but saw $411 million in sales and higher silver output.
12 May 2026
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McDonald’s Stock Slides as Value Push Meets a Tougher Consumer Tape

McDonald’s Stock Slides as Value Push Meets a Tougher Consumer Tape

McDonald’s shares traded at $274.60, down 0.4% Tuesday after JPMorgan cut its price target to $305. The company beat Q1 profit and revenue estimates, but April sales turned negative as high gas prices and tighter budgets hurt lower-income customers. U.S. same-store sales missed expectations. Margins at company-operated U.S. restaurants fell 25% from a year earlier.
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.

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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.

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Intel Stock’s $440 Billion Run Has a New Problem: Short Sellers Are Back

Intel Stock’s $440 Billion Run Has a New Problem: Short Sellers Are Back

13 May 2026
Intel shares fell about 2% to $118.23 in early trading Wednesday, after a six-week rally added over $440 billion in market value. Short interest is near a 52-week high, with bearish traders facing more than $12 billion in paper losses, according to S3 Partners. Chip stocks now make up 18% of the S&P 500’s weight, driving most of this year’s index gains.
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