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.

The S&P 500 was up 0.8 per cent in morning trade in New York after data showed US inflation unexpectedly fell to 2.3 per cent in April. The move extended the past month’s rebound and left the Wall Street benchmark 0.

Most U.S. stocks are rallying Tuesday following an encouraging report that showed inflation unexpectedly slowed across the country last month. The S&P 500 was up 1% in late trading, coming off a big gain to start the week after the United States and China announced a 90-day pause in their trade war to allow for negotiations.