US Futures Pare Rebound After Hot PPI

2026-05-13 12:45 By Andre Joaquim 1 min. read

US equity futures trimmed some of their rebound as evidence of increasing inflation weighed against the ongoing AI rally.

Contracts for the S&P 500 and Nasdaq were near the flatline to remain near record highs, while the Dow was 250 points down.

Producer price inflation surged more than expected in April, both for energy-exposed goods and non-energy services, to show that the impact of the war in the Middle East on prices has spread past direct fuel costs onto the broader economy.

This coincided with a fresh increase in refined fuel prices this week amid the continued blockade of tankers in the Persian Gulf.

Still, strong earnings prospectives from AI software and hardware producers continued to carry stock indices since the Q1 earnings season.

Hyperscalers were higher premarket after SoftBank unveiled soaring gains from its private OpenAI stake.

Also, Nvidia gained 2.5% as CEO Huang surprisingly joined other tech leaders and the US delegation in their summit with China.



News Stream
Tech Continues to Support US Stocks
US equities were mixed, with tech outperforming losses in broader sectors as faster inflation weighed against the ongoing AI rally. The S&P 500 and the Nasdaq were slightly higher while the Dow fell 200 points. Producer inflation surged more than expected in April, both for energy-exposed goods and non-energy services, to show that the impact of the war in the Middle East on prices has spread past direct fuel costs onto the broader economy. This coincided with a fresh increase in refined fuel prices this week amid the continued blockade of tankers in the Persian Gulf. Still, strong earnings prospectives from AI software and hardware producers continued to carry stock indices since the Q1 earnings season. Hyperscalers were higher premarket after SoftBank unveiled soaring gains from its private OpenAI stake. Also, Nvidia gained 2.5% as CEO Huang surprisingly joined other tech leaders and the US delegation in their summit with China.
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2026-05-13
US Futures Pare Rebound After Hot PPI
US equity futures trimmed some of their rebound as evidence of increasing inflation weighed against the ongoing AI rally. Contracts for the S&P 500 and Nasdaq were near the flatline to remain near record highs, while the Dow was 250 points down. Producer price inflation surged more than expected in April, both for energy-exposed goods and non-energy services, to show that the impact of the war in the Middle East on prices has spread past direct fuel costs onto the broader economy. This coincided with a fresh increase in refined fuel prices this week amid the continued blockade of tankers in the Persian Gulf. Still, strong earnings prospectives from AI software and hardware producers continued to carry stock indices since the Q1 earnings season. Hyperscalers were higher premarket after SoftBank unveiled soaring gains from its private OpenAI stake. Also, Nvidia gained 2.5% as CEO Huang surprisingly joined other tech leaders and the US delegation in their summit with China.
2026-05-13