Wall Street opens cautiously: inflation and the Fed weigh on markets

Inflation and the Fed Hold Back Wall Street’s Opening

Cautious opening today, May 13, 2026, for Wall Street, with investors focused on new U.S. macroeconomic data and the Federal Reserve’s possible next moves. At the opening bell, the Dow Jones posted a slight decline, while the S&P 500 and Nasdaq fluctuated around flat territory, supported mainly by the technology sector.

At the start of trading, the Dow Jones Industrial Average fell about 0.17% to 49,674 points, while the S&P 500 remained slightly above flat with a 0.11% gain. The Nasdaq Composite performed better, lifted by tech stocks, rising 0.23% to above 26,100 points.

Weighing on market sentiment were U.S. inflation data, which came in above expectations. Following the recent increase in consumer prices, producer price data also reinforced concerns that the Fed may remain aggressive on interest rates. Investors fear that any cuts to borrowing costs could be pushed back further in the coming months.

Technology and Treasuries Under the Spotlight

The Nasdaq is nevertheless trying to maintain a positive tone thanks to the rebound in technology stocks and artificial intelligence-related companies, which have returned to the center of investor interest after recent profit-taking. The market is also closely watching upcoming earnings reports from major tech companies, considered crucial to confirming the sector’s strength.

Meanwhile, the bond market is signaling rising tension: U.S. Treasury yields have resumed climbing, with the 30-year yield moving above 5%. This reflects expectations of a still-restrictive monetary policy and a market environment characterized by strong caution.

High Oil Prices and Global Uncertainty

International geopolitical tensions, particularly in the Middle East, are also contributing to uncertainty and continue to support oil prices. Crude oil above $100 per barrel is fueling additional inflationary pressures and increasing concerns among market participants about possible effects on the global economy.

Investors will now continue monitoring upcoming economic data and speeches from Federal Reserve officials to understand whether the U.S. economy can maintain stable growth without triggering new inflationary pressures.

Andrea Pelucchi