Indexes on Wall Street are attempting to resume gains after a lower-than-expected inflation report. At the time of publication, the US500 is up 0.42%, US100 by 0.92%, and US2000 by 0.15%.
After yesterday’s very strong session, today initially looked calm. Futures were slightly down in the first part of the day as short-term investors took profits from yesterday’s gains. However, this changed completely after the release of the U.S. CPI report for April. Price dynamics last month were lower than expected. Lower-than-expected data—and more importantly, no increase in annual inflation dynamics compared to the previous month—give hope for less tariff-induced price pressure than initially feared. For the Fed, this is positive data. On the other hand, a one-off report certainly doesn’t determine anything from the FOMC’s perspective.
US100
The technology stock index has gained the most over the past two days. US100 is breaking through successive resistance levels and is now just 5% from all-time highs. The zone near 21,200 is a key resistance level, so it’s possible the bulls will face stronger selling pressure.
Source: xStation 5
Company news
Coinbase (COIN.US) surged 16% after being added to the S&P 500, replacing Discover Financial ahead of its Capital One acquisition. The change takes effect May 19.
First Solar (FSLR.US) jumped 19% after Wolfe Research upgraded it to Outperform with a $221 target, citing IRA benefits, bipartisan support, and momentum. Risks include panel warranties and pricing pressure.
Archer Aviation (ACHR.US) rose 18% on a narrower Q1 loss (-$0.17 vs. -$0.36), UAE launch plans, new customers, and a Palantir AI partnership. It ended Q1 with $1.03B in cash.
3D Systems (DDD.US) plunged 27% after missing Q1 estimates and pulling its 2025 guidance, citing weak customer spending. Revenue fell 8% Y/Y.
Hertz (HTZ.US) dropped 16% after Q1 revenue and profit fell 13% Y/Y. Lower fleet capacity and travel demand weighed, though leisure bookings remain up.
UnitedHealth (UNH) slid 14% after CEO Andrew Witty resigned suddenly. The company also suspended 2025 guidance due to rising medical costs and ongoing leadership turmoil.
Daily summary: Sentiments on Wall Street stall at the end of the weekπ½US Dollar gains
US100 loses 0.5% πMeta shares decline extends on AI CAPEX worries & Deutsche Bank remarks
Fed's Bostic and Hammack comment the US monetary policy πDivided Fed?
Scott Bessent sums up the US trade deal with Chinaπ½What will change?