Wall Street climbs following a slowdown in inflation as the S&P 500 erases its loss for 2025
U.S. stocks rose following an encouraging report that showed inflation unexpectedly slowed across the country last month.
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U.S. stocks rose following an encouraging report that showed inflation unexpectedly slowed across the country last month.
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By STEVE KARNOWSKI and KRISTIN M. HALL, Associated Press
WAVERLY, Minn. (AP) — Minnesota farmer Dan Glessing isn’t ready to get too upset over President Donald Trump’s trade wars.
Farm country voted heavily for Trump last November. Now Glessing and many other farmers are taking a wait-and-see attitude toward the Republican president’s disputes with China and other international markets.
The United States and China slashed sweeping tariffs on each others’ goods for 90 days today, after a temporary ceasefire in a brutal trade war that roiled global markets and international supply chains.
The US and China agreed to drastically lower sky high tariffs in a deal that emerged from pivotal talks at the weekend in Geneva.
» Read more about: China, US slash sweeping tariffs in trade war climbdown »
Chip Somodevilla/Getty Images
2025-05-13T17:28:15Z
The S&P 500 rose Tuesday, clawing back into positive territory for the year, as investors extended the sharp gains seen in the previous session due to easing U.S.-China trade tensions.
The broad market index gained 0.72% to close at 5,886.55, while the Nasdaq Composite climbed 1.61% to end at 19,010.09.
» Read more about: S&P 500 closes higher Tuesday, wiping out 2025 loss, as Nvidia surges »
Nvidia’s (NVDA) stock continues to climb, with investors eyeing a $150 price target amid a global AI spending spree. A major catalyst: Saudi Arabia’s aggressive push to become a leading hub for artificial intelligence, backed by partnerships with Nvidia, AMD, and Amazon.
Markets rallied hard on Monday as the US/China trade war was put on a 90-day timeout. While tariffs of up to 30% remain in place on a large percentage of Chinese imports, the most crippling ones were removed, and the S&P 500 jumped more than 3%.
» Read more about: 4 Tech Stocks With Huge Earnings Momentum »
On Tuesday, Cathie Wood‘s Ark Invest made significant moves by selling shares of Palantir Technologies Inc. PLTR and Archer Aviation Inc. ACHR. These trades come as both companies experience notable market activity, with Palantir hitting a new all-time high and Archer Aviation benefiting from positive earnings reports.
Oil companies are crucial to the global economy. They provide fuels for transportation and power. They also supply the core ingredients of petrochemicals used to make products such as plastics, rubber, and fertilizer.
Image source: Getty Images.
However, the oil industry is highly competitive and volatile.
When Bill Henricks joined AllHealth Network as CEO eight years ago, the behavioral healthcare organization was in a less-than-ideal place. Henricks was immediately confronted with the realities of high staff turnover and lagging revenue — but beneath the challenges, he noticed something that gave him hope.
“What I saw was tremendous potential — dedicated staff,
» Read more about: AllHealth Network grows by investing in employees »