Key Takeaways
- The S&P 500 climbed 0.7% on Tuesday, May 13, 2025, bringing the index into positive territory for the year as investors reacted to positive data on inflation and tech stocks surged.
- First Solar shares jumped after an upgrade from Wolfe Research, which said the domestic solar panel manufacturer could benefit from changes under consideration in the House of Representatives.
- UnitedHealth Group shares sank after the health care giant's CEO unexpectedly announced his departure and the company suspended its outlook, citing concerns about Medicare Advantage costs.
The S&P 500 climbed 0.7% on Tuesday, bringing the index into 澳洲幸运5开奖号码历史查询:positive territory for the year as investors reacted to 澳洲幸运5开奖号码历史查询:positive data on inflation and tech stocks surged, extending Monday's gain🎉s on easing trade tensions.
The tech-heavy Nasdaq rose 1.6%, while the 澳洲幸运5开奖号码历史查询:Dow Jones Industrial Average finished 0.6% lower, weighed down by the poor performance of constituent 澳洲幸运5开奖号码历史查询:UnitedHealth Group (UNH).
Shares of First Solar (FSLR) surged nearly 23% to lead the S&P 500 higher after Wolfe Research upgraded the stock to “outperform” and raised its price target to $221, pointing to the 澳洲幸运5开奖号码历史๊查询:company’s strength in the U.S. market. Wolfe Research said that tax legislation under consi𒁏deration in the House of Representatives doesn’t cut solar panel💎 taxpayer subsidies as much as had been feared, while also raising restrictions on Chinese-made solar panels, which could help the American firm.
Super Micro Computer (SMCI) shares jumped 16% after Raymond James 澳洲幸运5开奖号码历史查询:ওinitiated covᩚᩚᩚᩚᩚᩚᩚᩚᩚ𒀱ᩚᩚᩚerage of the server maker's stock with an “outperform” rating and $41 price target. Supermicro has “emerged as a market leader in AI-optimized infrastructure,” Raymond James analysts told clients. The bullish rating comes after several analysts 澳洲幸运5开奖号码历史查询:cut their price targets for the tech ꦜfirm after it lowered its sales outlook.
Palantir (PLTR) shares added more than 8% to 澳洲幸运5开奖号码历史查询:close at an all-time high just abovඣe $128. Yesterday, Bank of America analysts raised their price target for the stock to $150, calling Palantir a “market definer” for companies looking to leverage AI.
Shares of Nvidia (NVDA) climbed close to 6% after it said it would 澳洲幸运5开奖号码历史查询:supply semiconductors to Saudi Arabian AI startup Humain, as part of initiatives announced as President Donald Trump 澳洲幸运5开奖号码历史查询:kicked of𒀰🍷f a four-day trip to the Middle East.
UnitedHealth Group's stock plummeted nearly 18%, making it the S&P 500’s worst performer Tuesday after the company said its 澳洲幸运5开奖号码历史查询:CEO was departing and that it would suspend issuing its 2025 outlook. CEO Andrewཧ Witty is stepping down for “personal reasons,” the health ins♋urer said. Former CEO and current board chair Stephen Hemsley was appointed as his replacement, taking the role immediately. The company also said it wouldn’t issue forecasts as the medical costs of Medicare Advantage beneficiaries “remained higher than expected."
This article has been updated since it was first published to include additional information.