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Market Wrap | S&P 500 Rises Amid Fed Rate Cut Bets and Tech Surge

Market BriefTuesday, May 13, 2025 6:32 pm ET

1min read

On May 13, 2025, the S&P 500 index rose by 0.72%, while the Dow Jones Industrial Average fell by 0.64%, and the Nasdaq Composite index surged by 1.61%. Federal Reserve interest rate expectations remain a key focus for U.S. investors, with traders betting on rate cuts in September and October. Meanwhile, lower-than-expected U.S. CPI data at 0.2% MoM may influence future monetary policy decisions.

Based on the day's market performance, several sectors outperformed the S&P 500, with the technology, non-essential consumer goods, energy, and communication services sectors leading the way. Notably, the technology, non-essential consumer goods, and energy sectors demonstrated exceptional performance. Conversely, the utilities, healthcare, essential consumer goods, materials, and real estate sectors moved in the opposite direction of the S&P 500.

Nvidia's stock surged by 5.63% as demand for GPUs exploded in early 2023, driven by increased AI data center demand. Palantir Technologies saw an 8.14% rise, boosted by reports of a new deal with the U.S. and Saudi Arabian governments. TSMC's shares rose by 3.75% following positive reports from its new U.S. factory's production yield. Broadcom's stock climbed by 4.89% after delivering a strong quarter, beating expectations for both semiconductors and software, with AI as a key growth engine. Oracle's stock rose by 3.21%, with Wall Street analysts rating it as "Outperform," indicating positive sentiment and potential upside. Tesla's shares surged by 4.93%, fueled by recent production and delivery figures exceeding Wall Street expectations.

TNL Mediagene surged over 130%, driven by a significant revenue opportunity through its collaboration with PChome, establishing a unique, high-conversion channel for monetization. Ten Holdings rose nearly 112%, as the company's innovative adoption of technology propels the evolution and growth of hybrid and virtual events. Polyrizon dropped over 91%, facing a Nasdaq compliance deadline over its share price. Affimed plummeted over 80%, filing for insolvency due to insufficient funds, leading to potential delisting from Nasdaq.

Microsoft announced the layoff of 1,985 employees in Redmond, reflecting ongoing challenges in the tech industry. Saudi Arabia and Nvidia are collaborating to establish AI factories, underscoring the growing importance of artificial intelligence in global markets. Elon Musk highlighted Saudi approval for SpaceX's Starlink services, paving the way for enhanced connectivity in aviation and maritime sectors. U.S. CPI data came in at 0.2% MoM, below the forecast, influencing market expectations and highlighting inflation trends. Amid economic uncertainties, traders maintain bets on two Fed rate cuts by the end of 2025, with potential impacts on market movements.

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