- Stock market today: Dow, S&P 500, Nasdaq futures edge up as Wall Street braces for CPI report
May 11, 2026
US stock futures rose as Wall Street awaited April’s inflation report, which is expected to provide clues about how the war in Iran is affecting the economy and where Federal Reserve interest rates may be headed.
Futures attached to the Dow Jones Industrial Average (YM=F) rose 0.7%. Futures attached to the benchmark S&P 500 (ES=F) ticked up 0.6%, while futures attached to the tech-heavy Nasdaq 100 (NQ=F) fluttered 0.4%.
On Monday, stocks edged higher as gains in semiconductor shares pushed the S&P 500 and Nasdaq to record highs. In the background, though, escalating tensions between the US and Iran kept investors on edge as President Trump said the ceasefire agreement between the two countries was on “massive life support” after he rejected the latest peace offer.
Markets are anticipating the release of April’s Consumer Price Index (CPI) on Tuesday morning. The data is expected to provide fresh insight into the impact of the US-Iran war on the economy and the direction of Federal Reserve monetary policy. Economists anticipate CPI to have risen 3.7% in April.
Also on Tuesday, President Trump will kick off a trip to China, where he will meet with Chinese President Xi Jinping. Trade and AI are expected to top the leaders’ agenda, and Trump has invited 16 top executives, including Tesla CEO Elon Musk and Apple CEO Tim Cook, to join him during the visit.
Later this week, investors will get another look at inflation with the release of wholesale inflation figures on Wednesday. Earnings season also continues this week. Results are expected from Applied Materials (AMAT), Cisco Systems (CSCO), Alibaba Group (BABA), and Birkenstock (BIRK).
Coming soon
LIVE COVERAGE BEGINS SOON
Stock market coverage for Tuesday, May 12, 2026.
View Comments
- Stocks Settle Higher on Strong Earnings
May 11, 2026
The S&P 500 Index ($SPX) (SPY) on Monday closed up +0.19%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.19%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.29%. June E-mini S&P futures (ESM26) rose +0.18%, and June E-mini Nasdaq futures (NQM26) rose +0.28%.
Stock indexes settled higher on Monday, with the S&P 500 and Nasdaq 10 posting new all-time highs amid strong corporate earnings results and resurgent optimism around artificial intelligence. Strength in chipmakers and AI-infrastructure stocks led the broader market higher on Monday. Gains in stocks were limited on Monday amid rising oil prices and bond yields after the US and Iran failed to reach terms to end the war in the Middle East. Global bond yields rose on concern that the continued standoff will keep energy prices elevated and could force the world’s central banks to tighten monetary policy. The 10-year T-note yield rose +5 bp to 4.41%. Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.
In the latest developments in the Middle East, President Trump and Iran rejected each other's latest peace proposals to end the 10-week conflict. Iran offered to transfer some of its stockpile of highly enriched uranium to a third country, but rejected the idea of dismantling its nuclear facilities. Iran also demanded a lifting of the US naval blockade and sanctions relief, while maintaining a degree of control over traffic through the Strait of Hormuz. Despite the ceasefire in place since last month, a drone strike over the weekend set a cargo vessel ablaze off Qatar in the Persian Gulf. Also, the United Arab Emirates and Kuwait both said they intercepted hostile drones.
Monday’s US economic news was slightly weaker than expected after Apr existing home sales rose +0.2% m/m to 4.02 million, below expectations of 4.05 million.
Chinese trade news was better than expected, a positive factor for global growth. China Apr exports rose +14.1% y/y, stronger than expectations of +8.4% y/y. Apr imports rose +25.3% y/y, stronger than expectations of 20.0% y/y.
WTI crude oil prices (CLM26) rose more than 2% on Monday, as optimism that the US and Iran would reopen the Strait of Hormuz was dashed after President Trump on Sunday said that Iran's latest peace proposals were "totally unacceptable." The strait remains essentially closed, as about a fifth of the world’s oil and liquefied natural gas transits through the strait. Goldman Sachs estimates that the current disruption has drawn down nearly 500 million bbl from global crude stockpiles, with the drawdown potentially reaching 1 billion bbl by June.
The markets are discounting a 4% chance of a -25 bp FOMC rate cut at the next FOMC meeting on June 16-17.
Earnings reports thus far in this reporting season have been supportive of stocks. As of Monday, 83% of the 450 S&P 500 companies that reported Q1 earnings have beaten estimates. Q1 S&P 500 earnings are projected to climb +12% y/y, according to Bloomberg Intelligence. Stripping out the technology sector, Q1 earnings are projected to increase around +3%, the weakest in two years.
Overseas stock markets settled mixed on Monday. The Euro Stoxx 50 closed down -0.27%. China's Shanghai Composite rallied to a 10-year high and closed up +1.08%. Japan's Nikkei Stock Average fell from a record high and closed down -0.47%.
Interest Rates
June 10-year T-notes (ZNM6) on Monday closed down -11 ticks. The 10-year T-note yield rose +5.4 bp to 4.408%. T-notes were under pressure on Monday from a +2% jump in WTI crude oil prices, which boosted inflation expectations. T-notes fell to their lows on Monday afternoon on weak demand for the Treasury’s $58 billion auction of 3-year T-notes that had a bid-to-cover ratio of 2.54, well below the 10-auction average of 2.64.
European government bond yields moved higher on Monday. The 10-year German Bund yield rose +3.5 bp to 3.040%. The 10-year UK gilt yield rose +8.6 bp to 4.998%.
ECB Governing Council member Martin Kocher said, "If the situation around energy prices does not improve significantly, an interest rate hike will be unavoidable in the near future."
Swaps are discounting an 84% chance of a +25 bp ECB rate hike at its next policy meeting on June 11.
US Stock Movers
Chipmakers and AI-infrastructure stocks rose on Monday amid continued optimism over AI infrastructure build-outs. Qualcomm (QCOM) closed up more than +8% to lead gainers in the Nasdaq 100, and Western Digital (WDC) closed up by more than +7%. Also, Micron Technology (MU) and Seagate Technology Holdings Plc (STX) closed up more than +6%, and NXP Semiconductors NV (NXPI), Intel (INTC), and Texas Instruments (TXN) closed up more than +3%. In addition, Nvidia (NVDA), Applied Materials (AMAT), and Analog Devices (ADI) closed up more than +1%.
Mining stocks moved higher on Monday amid rallies in silver and copper prices. Hecla Mining (HL) closed up more than +11%, and Barrick Mining (B) closed up +9%. Also, Coeur Mining (CDE) closed up more than +6%, and Freeport McMoRan (FCX) closed up more than +4%. In addition, Newmont Corp (NEM) closed up more than +3%, and Anglogold Ashanti (AU) closed up more than +1%.
Consumer-exposed stocks retreated on Monday after Wells Fargo warned about weakening consumer demand. Kohl’s (KSS) closed down more than -10% and Dollar General (GD) closed down more than -8% to lead losers in the S&P 500. Also, Ollie’s Bargain Outlet Holdings (OLLI) closed down more than -8% and Kontoor Brands (KTB) closed down more than -7%. In addition, Target (TGT) and Celsius Holdings (CELH) closed down more than -6%.
Airline stocks and cruise line operators were under pressure on Monday amid a +2% increase in WTI crude oil prices, which boosts fuel costs and undermines the companies' profitability prospects. American Airlines Group (AAL), Alaska Air Group (ALK), and Royal Caribbean Cruises Ltd (RCL) closed down more than -4%. Also, Carnival (CCL) closed down more than -3%, and Norwegian Cruise Line Holdings (NCLH), United Airlines Holdings (UAL), Southwest Airlines (LUV), and Delta Air Lines (DAL) closed down more than -2%.
Beazer Homes USA Inc (BZH) closed up more than +34% on a report that said Dream Finders Homes is close to announcing a $704 million offer to acquire the company.
Babcock & Wilcox (BW) closed up more than +30% after reporting Q1 revenue grew 44% year-over-year, and that Q1 Ebitda nearly quadrupled.
Lumentum Holdings (LITE) closed up more than +16% to lead gainers in the S&P 500 after Nasdaq announced that the stock will replace CoStar Group in the Nasdaq 100 before the market opens on Monday, May 18.
Coherent Corp (COHR) closed up more than +13% on news that CEO Anderson will travel with President Trump to China this week.
Monday.com (MNDY) closed up more than +5% after reporting Q1 adjusted EPS of $1.15, better than the consensus of 93 cents, and raising its full-year revenue forecast to $1.466 billion to $1.474 billion from a previous forecast of $1.45 billion to $1.46 billion, better than the consensus of $1.46 billion.
Iren Ltd (IREN) closed down more than -10% after announcing that it intends to offer $2 billion of convertible senior notes due 2033 in a private offering.
Trade Desk (TTD) closed down more than -7% after HSBC downgraded the stock to reduce from hold with a price target of $20.
Wendy’s (WEN) closed down more than -7% after JPMorgan Chase downgraded the stock to underweight from neutral with a price target of $6.
Dell Technologies (DELL) closed down more than -5% after UBS downgraded the stock to neutral from buy.
Tyler Technologies (TYL) closed down more than -3% after announcing that it intends to offer $1 billion of convertible senior notes due 2031 in a private offering.
Mosaic (MOS) closed down nearly -2% after forecasting Q2 phosphate sales of 1.4 million to 1.7 million tons, weaker than the consensus of 1.78 million tons.
Earnings Reports(5/12/2026)
Aramark (ARMK), Karman Holdings Inc (KRMN), Millicom International Cellular SA (TIGO), On Holding AG (ONON), Qnity Electronics Inc (Q), Ralliant Corp (RAL), Under Armour Inc (UAA), Zebra Technologies Corp (ZBRA).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
- Applied Materials TSMC Alliance Deepens AI Chip Tools And Growth Story
May 11, 2026
Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide.
Applied Materials and TSMC have agreed a new collaboration focused on accelerating AI and high performance computing chip technologies. The partnership will concentrate on next generation materials engineering, equipment development, and advanced process integration. Applied’s EPIC Center will act as a hub for joint work on future AI semiconductor manufacturing capabilities.
For investors tracking NasdaqGS:AMAT, this move adds fresh context to a stock that recently closed at $435.44. The company has posted returns of 11.3% over the past week, 9.0% over the past month, and 62.0% year to date, with a very large 1 year gain and an increase of about 3x over 3 years. These figures highlight how closely the market is associating Applied Materials with the build out of advanced chip capacity.
The new partnership with TSMC indicates a more integrated role for Applied Materials in AI and high performance computing manufacturing workflows. For readers, the key questions now are how quickly joint work at the EPIC Center translates into production ready processes and how central Applied’s tools and materials engineering platforms become within TSMC’s future AI chip roadmaps.
Stay updated on the most important news stories for Applied Materials by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on Applied Materials.NasdaqGS:AMAT Earnings & Revenue Growth as at May 2026
3 things going right for Applied Materials that this headline doesn't cover.
This partnership with TSMC puts Applied Materials closer to where next generation AI and high performance computing chips are actually defined, rather than just supplied for. Co development at the EPIC Center gives TSMC early access to Applied’s materials engineering and process tools, while giving Applied direct input into TSMC’s roadmaps for areas such as 3D transistor structures, advanced logic scaling and yield improvement. For you as an investor, that tight feedback loop can influence how sticky Applied’s tools become inside future AI production lines at customers that already set the pace for the industry, alongside peers such as ASML, Lam Research and Tokyo Electron.
How This Fits Into The Applied Materials Narrative
The focus on co development with a leading foundry supports the narrative theme that deep customer collaboration can underpin long term revenue and margin resilience as AI driven chip investments continue. At the same time, concentrating even more closely around a few large customers reinforces the existing concern that customer and regional concentration can magnify the impact of any pullback in capex or export policy changes. The planned US$5b EPIC Center investment and its specific role in moving AI process technologies from research to volume manufacturing is not fully captured in the existing narrative, which focuses more on packaging and installed base effects.
Story Continues
Knowing what a company is worth starts with understanding its story. Check out one of the top narratives in the Simply Wall St Community for Applied Materials to help decide what it's worth to you.
The Risks and Rewards Investors Should Consider
⚠️ Greater reliance on a small group of major customers and regions can leave Applied Materials exposed if capex at TSMC or other leading fabs slows, or if export rules tighten for key tools. ⚠️ The scale of EPIC Center investment raises execution risk, because any delay in customer adoption of new processes could weigh on returns from that spending. 🎁 Close alignment with TSMC on AI focused materials and process technologies can support Applied’s position in future node tools that are harder for competitors to displace. 🎁 If the collaboration helps improve yields and power efficiency on AI chips, Applied may see stronger pull through across its broader equipment and services portfolio as customers standardize on its platforms.
What To Watch Going Forward
From here, keep an eye on concrete milestones from the TSMC partnership, such as references to EPIC Center enabled process nodes on future earnings calls or conference presentations, and any disclosure on how much AI related tools contribute to orders. It also helps to track commentary from other key equipment suppliers like Lam Research and Tokyo Electron, to see whether similar partnerships are forming elsewhere or if Applied is carving out a differentiated role.
To ensure you're always in the loop on how the latest news impacts the investment narrative for Applied Materials, head to the community page for Applied Materials to never miss an update on the top community narratives.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include AMAT.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
View Comments
- Applied Materials Announces ASU, RPI and Stanford to Join EPIC Center
May 11, 2026
Applied Materials, Inc.
Research partnerships with Arizona State University, Rensselaer Polytechnic Institute and Stanford University accelerate the U.S. lab-to-fab innovation pipeline by combining academic insights with commercial equipment and process expertise Located in Silicon Valley, Applied’s EPIC Center provides a shared, industry-scale R&D environment with access to cutting-edge chipmaking equipment that enables rapid co-innovation and faster commercialization
SANTA CLARA, Calif., May 11, 2026 (GLOBE NEWSWIRE) -- Applied Materials, Inc. today announced that Arizona State University (ASU), Rensselaer Polytechnic Institute (RPI) and Stanford University will join the company’s EPIC Center in Silicon Valley as inaugural research partners. Through close collaboration with Applied’s scientists and engineers, university teams will engage in high-velocity research programs across advanced materials, novel process and device technologies, and chip architecture inflections – leveraging the synergy of academia and industry to accelerate energy-efficient innovations for next-generation AI chips.
“The EPIC Center is designed to bring together the best minds from industry and academia in a high-velocity, manufacturing-relevant environment to dramatically accelerate the development and commercialization of next-generation semiconductor technologies that are foundational to AI computing,” said Gary Dickerson, President and CEO of Applied Materials. “Welcoming ASU, RPI and Stanford as research partners at EPIC strengthens the U.S. lab-to-fab innovation pipeline and creates a powerful platform for developing future semiconductor talent.”
Research universities, which produce valuable ideas for future semiconductor materials and processes, benefit dramatically from access to leading-edge equipment and the ability to test whether new materials can be successfully integrated with others used by leading global manufacturers. Applied’s EPIC Center offers university researchers a rare opportunity to pursue manufacturing-relevant research in an industry-scale environment, enabling rapid iteration, faster validation, and smoother transition from discovery to deployment. Working alongside Applied scientists and engineers, academic teams gain access to cutting-edge equipment and process integration that can shave years off the traditional new materials development cycle. Building on decades of collaboration with top engineering schools, these new partnerships aim to advance high-velocity innovation while equipping students with the practical experience and systems-level perspective needed to strengthen the future semiconductor workforce.
Story Continues
“Applied Materials has a long history of working closely with the world’s top universities, and we are excited to take our collaborations to the next level with the EPIC Center,” said Dr. Prabu Raja, President of the Semiconductor Products Group at Applied Materials. “We are thrilled to have ASU, RPI and Stanford as inaugural research partners at EPIC, and we look forward to bringing the best of industry and academia together in a shared environment to accelerate the discovery and commercialization of technology breakthroughs for the semiconductor industry.”
“With the largest engineering school in the country, ASU is driven by our commitment to be of service to industry and to create partnerships that accelerate defining breakthroughs for future semiconductor technology,” said Arizona State University President Michael Crow. “We value our strong working relationship with Applied Materials and are excited to be among its inaugural university research partners of EPIC Center. Being a part of a high-velocity, high-creativity environment with the brightest minds in the industry builds upon the work we do with Applied Materials in our shared Materials-to-Fab Center at ASU, creating a seamless network for driving semiconductor excellence in America.”
“The EPIC Center gives our students and researchers the opportunity to move beyond traditional academic research and contribute directly to industry-scale innovation,” said Martin Schmidt, President of RPI. “Collaborating with Applied Materials and its ecosystem partners enables faster lab-to-fab breakthroughs in semiconductor materials, devices, and 3D integration, while preparing students with hands-on, manufacturing-relevant experience to contribute immediately and lead future advances in the industry. This builds upon our long history of working with many industry partners across the U.S. to drive materials development for the semiconductor industry.”
“The explosive growth of AI is pushing semiconductor technology researchers to discover new materials and invent new devices, demanding faster cycles of innovation and closer collaboration across the ecosystem,” said H.S. Philip Wong, Willard R. and Inez Kerr Bell Professor in the School of Engineering at Stanford University and founding faculty co-director of the Stanford SystemX Alliance. “The EPIC Center enables our students and researchers to engage directly with industry-scale tools and experts, accelerating discovery while gaining the industry-relevant experience needed to lead future advances in semiconductor manufacturing.”
Applied’s new EPIC (Equipment and Process Innovation and Commercialization) Center in Silicon Valley represents the largest-ever U.S. investment in advanced semiconductor equipment R&D. The center is designed from the ground up to dramatically reduce the time it takes to commercialize breakthrough technologies from early-stage research to full-scale manufacturing. The facility is on track to become operational in 2026.
Forward-Looking Statements
This press release contains forward-looking statements, including those regarding Applied’s investment and growth strategies, the development of new materials and technologies, industry outlook and technology requirements, the plans and expectations for the EPIC Center, and other statements that are not historical facts. These statements and their underlying assumptions are subject to risks and uncertainties and are not guarantees of future performance. Factors that could cause actual results to differ materially from those expressed or implied by such statements include, without limitation: the demand for semiconductors and customers’ technology requirements; the ability to develop new and innovative technologies; the ability to obtain and protect intellectual property rights in key technologies; the ability to achieve the objectives of the EPIC Center; and other risks and uncertainties described in Applied’s filings with the Securities and Exchange Commission, including Applied’s most recent Forms 10-K, 10-Q and 8-K. All forward-looking statements are based on management’s current estimates, projections and assumptions, and Applied assumes no obligation to update them.
About Applied Materials
Applied Materials, Inc. (Nasdaq: AMAT) is the leader in materials engineering solutions that are at the foundation of virtually every new semiconductor and advanced display in the world. The technology we create is essential to advancing AI and accelerating the commercialization of next-generation chips. At Applied, we push the boundaries of science and engineering to deliver material innovation that changes the world. Learn more at www.appliedmaterials.com.
Contact:
Ricky Gradwohl (editorial/media) 408.235.4676
Mike Sullivan (financial community) 408.986.7977
View Comments
- Equities Rise Intraday, Oil Jumps as Markets Montior Middle East Developments
May 11, 2026
US benchmark equity indexes were higher intraday as traders appeared to shake off worries about the
PREMIUM
Upgrade to read this MT Newswires article and get so much more.
A Silver or Gold subscription plan is required to access premium news articles.
Upgrade
Already have a subscription? Sign in
- Stocks Supported by Strong Earnings and AI Optimism
May 11, 2026
The S&P 500 Index ($SPX) (SPY) today is up +0.25%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.05%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.17%. June E-mini S&P futures (ESM26) are up +0.29%, and June E-mini Nasdaq futures (NQM26) are up +0.19%.
Stock indexes are moving higher today, with the S&P 500 and Nasdaq 10 posting new all-time highs amid strong corporate earnings results and resurgent optimism around artificial intelligence. Gains in stocks are limited today amid rising oil prices and bond yields after the US and Iran failed to reach terms to end the war in the Middle East. Global bond yields rose on concern that the continued standoff will keep energy prices elevated and could force the world’s central banks to tighten monetary policy. The 10-year T-note yield is up +3 bp to 4.39%. Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.
In the latest developments in the Middle East, President Trump and Iran rejected each other's latest peace proposals to end the 10-week conflict. Iran offered to transfer some of its stockpile of highly enriched uranium to a third country, but rejected the idea of dismantling its nuclear facilities. Iran also demanded a lifting of the US naval blockade and sanctions relief, while maintaining a degree of control over traffic through the Strait of Hormuz. Despite the ceasefire in place since last month, a drone strike over the weekend set a cargo vessel ablaze off Qatar in the Persian Gulf. Also, the United Arab Emirates and Kuwait both said they intercepted hostile drones.
Today’s US economic news was slightly weaker than expected after Apr existing home sales rose +0.2% m/m to 4.02 million, below expectations of 4.05 million.
Chinese trade news was better than expected, a positive factor for global growth. China Apr exports rose +14.1% y/y, stronger than expectations of +8.4% y/y. Apr imports rose +25.3% y/y, stronger than expectations of 20.0% y/y.
WTI crude oil prices (CLM26) are up by more than 2% today, as optimism that the US and Iran would reopen the Strait of Hormuz was dashed after President Trump on Sunday said that Iran's latest peace proposals were "totally unacceptable." The strait remains essentially closed, as about a fifth of the world’s oil and liquefied natural gas transits through the strait. Goldman Sachs estimates that the current disruption has drawn down nearly 500 million bbl from global crude stockpiles, with the drawdown potentially reaching 1 billion bbl by June.
The markets are discounting a 5% chance of a -25 bp FOMC rate cut at the next FOMC meeting on June 16-17.
Earnings reports thus far in this reporting season have been supportive of stocks. As of today, 83% of the 446 S&P 500 companies that reported Q1 earnings have beaten estimates. Q1 S&P 500 earnings are projected to climb +12% y/y, according to Bloomberg Intelligence. Stripping out the technology sector, Q1 earnings are projected to increase around +3%, the weakest in two years.
Overseas stock markets are mixed today. The Euro Stoxx 50 is down -0.55%. China's Shanghai Composite rallied to a 10-year high and closed up +1.08%. Japan's Nikkei Stock Average fell from a record high and closed down -0.47%.
Interest Rates
June 10-year T-notes (ZNM6) today are down -7 ticks. The 10-year T-note yield is up +3.8 bp to 4.392%. T-notes are under pressure today from a +2% jump in WTI crude oil prices, which is boosting inflation expectations. Also, supply pressures are weighing on T-notes as the Treasury will auction $125 billion of T-notes and T-bonds in this week’s quarterly refunding, beginning with today’s $58 billion auction of 3-year T-notes.
European government bond yields are moving higher today. The 10-year German Bund yield is up +3.7 bp to 3.042%. The 10-year UK gilt yield is up +9.1 bp to 5.003%.
ECB Governing Council member Martin Kocher said, "If the situation around energy prices does not improve significantly, an interest rate hike will be unavoidable in the near future."
Swaps are discounting an 85% chance of a +25 bp ECB rate hike at its next policy meeting on June 11.
US Stock Movers
Chipmakers and AI-infrastructure stocks are climbing today amid continued optimism over AI infrastructure build-outs. Qualcomm (QCOM) is up more than +8% to lead gainers in the Nasdaq 100, and Western Digital (WDC) is up by more than +6%. Also, Micron Technology (MU) and Seagate Technology Holdings Plc (STX) are up more than +5%, and Nvidia (NVDA) is up more than +3% to lead gainers in the Dow Jones Industrials. In addition, Applied Materials (AMAT) is up more than +2%, and Intel (INTC), KLA Corp (KLAC), Texas Instruments (TXN), and Lam Research (LRCX) are up more than +1%.
Mining stocks are moving higher today with rallies in gold, silver, and copper prices. Barrick Mining (B) and Hecla Mining (HL) are up more than +7%, and Coeur Mining (CDE) is up more than +4%. Also, Freeport McMoRan (FCX) and Newmont Corp (NEM) are up more than +3%, and Anglogold Ashanti (AU) is up more than +2%.
Airline stocks and cruise line operators are under pressure today amid a +2% increase in WTI crude oil prices, which boost fuel costs and undermine the companies' profitability prospects. Alaska Air Group (ALK), Carnival (CCL), and Royal Caribbean Cruises Ltd (RCL) are down more than -4%, and American Airlines Group (AAL) and Norwegian Cruise Line Holdings (NCLH) are down more than -3%. Also, United Airlines Holdings (UAL), Southwest Airlines (LUV), and Delta Air Lines (DAL) are down more than -2%.
Beazer Homes USA Inc (BZH) is up more than +30% on a report that said Dream Finders Homes is close to announcing a $704 million offer to acquire the company.
Babcock & Wilcox (BW) is up more than +22% after reporting Q1 revenue grew 44% year-over-year, and that Q1 Ebitda nearly quadrupled.
Lumentum Holdings (LITE) is up more than +17% to lead gainers in the S&P 500 after Nasdaq announced that the stock will replace CoStar Group in the Nasdaq 100 before the market opens on Monday, May 18.
Coherent Corp (COHR) is up more than +13% on news that CEO Anderson will travel with President Trump to China this week.
Monday.com (MNDY) is up more than +6% after reporting Q1 adjusted EPS of $1.15, better than the consensus of 93 cents, and raising its full-year revenue forecast to $1.466 billion to $1.474 billion from a previous forecast of $1.45 billion to $1.46 billion, better than the consensus of $1.46 billion.
Moderna (MRNA) is up more than +5% after announcing it’s researching vaccines to protect against hantaviruses.
Trade Desk (TTD) is down more than -7% to lead losers in the S&P 500 after HSBC downgraded the stock to reduce from hold with a price target of $20.
Iren Ltd (IREN) is down more than -6% after announcing that it intends to offer $2 billion of convertible senior notes due 2033 in a private offering.
Wendy’s (WEN) is down more than -6% after JPMorgan Chase downgraded the stock to underweight from neutral with a price target of $6.
Dell Technologies (DELL) is down more than -5% after UBS downgraded the stock to neutral from buy.
Tyler Technologies (TYL) is down more than -4% after announcing that it intends to offer $1 billion of convertible senior notes due 2031 in a private offering.
Mosaic (MOS) is down more than -3% after forecasting Q2 phosphate sales of 1.4 million to 1.7 million tons, weaker than the consensus of 1.78 million tons.
Earnings Reports(5/11/2026)
AECOM (ACM), Amentum Holdings Inc (AMTM), AST SpaceMobile Inc (ASTS), Certara Inc (CERT), Circle Internet Group Inc (CRCL), Constellation Energy Corp (CEG), Figure Technology Solutions Inc (FIGR), Fox Corp (FOXA), Halozyme Therapeutics Inc (HALO), Mosaic Co/The (MOS), Ovintiv Inc (OVV), Simon Property Group Inc (SPG), STERIS PLC (STE), ZoomInfo Technologies Inc (GTM). On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
More news from Barchart
Stocks Set for Muted Open as Oil Rises After Trump Rejects Iran’s Response to Peace Proposal, U.S. Inflation Data AwaitedCPI, Trump-Xi Meeting and Other Can't Miss Items this WeekS&P Futures Climb With All Eyes on Key U.S. Jobs ReportStocks Steady Before the Open as Investors Await U.S.-Iran Updates; Earnings and Economic Data on Tap
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
- Strong Earnings and AI Optimism Push the S&P 500 and Nasdaq 100 to Record Highs
May 11, 2026
The S&P 500 Index ($SPX) (SPY) today is up +0.17%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.10%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.06%. June E-mini S&P futures (ESM26) are up +0.19%, and June E-mini Nasdaq futures (NQM26) are up +0.05%.
Stock indexes are moving higher today, with the S&P 500 and Nasdaq 10 posting new all-time highs amid strong corporate earnings results and resurgent optimism around artificial intelligence. Gains in stocks are limited today amid rising oil prices and bond yields after the US and Iran failed to reach terms to end the war in the Middle East. Global bond yields rose on concern that the continued standoff will keep energy prices elevated and could force the world’s central banks to tighten monetary policy. The 10-year T-note yield is up +3 bp to 4.39%. Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.
In the latest developments in the Middle East, President Trump and Iran rejected each other's latest peace proposals to end the 10-week conflict. Iran offered to transfer some of its stockpile of highly enriched uranium to a third country but rejected the idea of dismantling its nuclear facilities. Iran also demanded a lifting of the US naval blockade and sanctions relief, while maintaining a degree of control over traffic through the Strait of Hormuz. Despite the ceasefire in place since last month, a drone strike over the weekend set a cargo vessel ablaze off Qatar in the Persian Gulf. Also, the United Arab Emirates and Kuwait both said they intercepted hostile drones.
Chinese trade news was better than expected, a positive factor for global growth. China Apr exports rose +14.1% y/y, stronger than expectations of +8.4% y/y. Apr imports rose +25.3% y/y, stronger than expectations of 20.0% y/y.
WTI crude oil prices (CLM26) are up by more than 2% today, as optimism that the US and Iran would reopen the Strait of Hormuz was dashed after President Trump said Iran's latest peace proposals were "totally unacceptable." The strait remains essentially closed, as about a fifth of the world’s oil and liquefied natural gas transits through the strait. Goldman Sachs estimates that the current disruption has drawn down nearly 500 million bbl from global crude stockpiles, with the drawdown potentially reaching 1 billion bbl by June.
The markets are discounting a 5% chance of a -25 bp FOMC rate cut at the next FOMC meeting on June 16-17.
Earnings reports thus far in this reporting season have been supportive of stocks. As of today, 83% of the 446 S&P 500 companies that reported Q1 earnings have beaten estimates. Q1 S&P 500 earnings are projected to climb +12% y/y, according to Bloomberg Intelligence. Stripping out the technology sector, Q1 earnings are projected to increase around +3%, the weakest in two years.
Overseas stock markets are mixed today. The Euro Stoxx 50 is down -0.28%. China's Shanghai Composite rallied to a 10-year high and closed up +1.08%. Japan's Nikkei Stock Average fell from a record high and closed down -0.47%.
Interest Rates
June 10-year T-notes (ZNM6) today are down -5 ticks. The 10-year T-note yield is up +2.7 bp to 4.381%. T-notes are under pressure today from a +2% jump in WTI crude oil prices, which is boosting inflation expectations. Also, supply pressures are weighing on T-notes as the Treasury will auction $125 billion of T-notes and T-bonds in this week’s quarterly refunding, beginning with today’s $58 billion auction of 3-year T-notes.
European government bond yields are moving higher today. The 10-year German Bund yield is up +2.5 bp to 3.030%. The 10-year UK gilt yield is up +7.4 bp to 4.986%.
ECB Governing Council member Martin Kocher said, "If the situation around energy prices does not improve significantly, an interest rate hike will be unavoidable in the near future."
Swaps are discounting an 84% chance of a +25 bp ECB rate hike at its next policy meeting on June 11.
US Stock Movers
Chipmakers and AI-infrastructure stocks are climbing today amid continued optimism over AI infrastructure build-outs. Qualcomm (QCOM) is up more than +6% to lead gainers in the Nasdaq 100, and Micron Technology (MU) is up more than +5%. Also, Western Digital (WDC) is up by more than +4%, and Intel (INTC) and Seagate Technology Holdings Plc (STX) are up more than +3%. In addition, Texas Instruments (TXN) is up by more than +2%, and Nvidia (NVDA), Applied Materials (AMAT), and Lam Research (LRCX) are up more than +1%.
Mining stocks are moving higher today with rallies in gold, silver, and copper prices. Barrick Mining (B) is up more than +8%, and Coeur Mining (CDE) and Hecla Mining (HL) are up more than +7%. Also, Freeport McMoRan (FCX) is up more than +4%, and Anglogold Ashanti (AU), Southern Copper (SCCO), and Newmont Corp (NEM) are up more than +3%.
Airline stocks and cruise line operators are under pressure today from a +2% increase in WTI crude oil prices, which boosts fuel costs and undercuts the companies' profitability prospects. Carnival (CCL) and Royal Caribbean Cruises Ltd (RCL) are down more than -4%, and Alaska Air Group (ALK) is down more than -3%. Also, American Airlines Group (AAL) and Norwegian Cruise Line Holdings (NCLH) are down more than -2%. In addition, United Airlines Holdings (UAL), Southwest Airlines (LUV), and Delta Air Lines (DAL) are down more than -1%.
Beazer Homes USA Inc (BZH) is up more than +29% on a report that said Dream Finders Homes is close to announcing a $704 million offer to acquire the company.
Babcock & Wilcox (BW) is up more than +18% after reporting Q1 revenue grew 44% year-over-year, and that Q1 Ebitda nearly quadrupled.
Monday.com (MNDY) is up more than +11% after reporting Q1 adjusted EP of $1.15, better than the consensus of 93 cents, and raising its full-year revenue forecast to $1.466 billion to $1.474 billion from a previous forecast of $1.45 billion to $1.46 billion, better than the consensus of $1.46 billion.
Moderna (MRNA) is up more than +7% after announcing it’s researching vaccines to protect against hantaviruses.
Lumentum Holdings (LITE) is up more than +6% after Nasdaq announced that the stock will replace CoStar Group in the Nasdaq 100 before the market opens on Monday, May 18.
Trade Desk (TTD) is down more than -9% to lead losers in the S&P 500 after HSBC downgraded the stock to reduce from hold with a price target of $20.
Iren Ltd (IREN) is down more than -7% after announcing that it intends to offer $2 billion of convertible senior notes due 2033 in a private offering.
Dell Technologies (DELL) is down more than -5% after UBS downgraded the stock to neutral from buy.
Wendy’s (WEN) is down more than -3% after JPMorgan Chase downgraded the stock to underweight from neutral with a price target of $6.
Tyler Technologies (TYL) is down more than -3% after announcing that it intends to offer $1 billion of convertible senior notes due 2031 in a private offering.
Mosaic (MOS) is down more than -2% after forecasting Q2 phosphate sales of 1.4 million to 1.7 million tons, weaker than the consensus of 1.78 million tons.
Earnings Reports(5/11/2026)
AECOM (ACM), Amentum Holdings Inc (AMTM), AST SpaceMobile Inc (ASTS), Certara Inc (CERT), Circle Internet Group Inc (CRCL), Constellation Energy Corp (CEG), Figure Technology Solutions Inc (FIGR), Fox Corp (FOXA), Halozyme Therapeutics Inc (HALO), Mosaic Co/The (MOS), Ovintiv Inc (OVV), Simon Property Group Inc (SPG), STERIS PLC (STE), ZoomInfo Technologies Inc (GTM).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
- Lountzis Asset Management Liquidates SkyWater Technology Stake, According to Recent SEC Filing
May 11, 2026
Key Points
Lountzis Asset Management sold 290,222 shares of SkyWater Technology; estimated trade value of $8.53 million (based on quarterly average price) Quarter-end position value declined by $5.27 million, reflecting both share sale and price changes Transaction represented 3.13% of 13F reportable assets under management (AUM) Post-trade stake: 0 shares; position value now $0 The position was previously 1.9% of AUM as of the prior quarter and has now been fully liquidated10 stocks we like better than SkyWater Technology ›
What happened
According to a May 7, 2026, SEC filing, Lountzis Asset Management, LLC eliminated its stake in SkyWater Technology(NASDAQ:SKYT), selling 290,222 shares during the first quarter. The net position value declined by $5.27 million, which includes the effects of both trading activity and stock price movement over the quarter.
What else to know
The fund fully exited SkyWater Technology.
Top holdings after the filing:
BRK-B: $65.08 million (24.0% of AUM)AMAT: $40.68 million (15.0% of AUM)WFC: $19.51 million (7.2% of AUM)GOOGL: $15.32 million (5.6% of AUM)PGR: $14.18 million (5.2% of AUM)
As of May 6, 2026, SkyWater Technology shares were priced at $34.19, up 372.2% over the past year and outperforming the S&P 500 by 340.88 percentage points.
Company overview MetricValueRevenue (TTM)$541.53 millionNet income (TTM)$113.95 millionPrice (as of market close May 6, 2026)$34.19One-year price change372.2%
Company snapshot
SkyWater Technology is a U.S.-based semiconductor foundry specializing in advanced process development and manufacturing for a broad range of industries. The company provides semiconductor development and manufacturing services, including engineering, process development, and production of silicon-based analog, mixed-signal, power discrete, MEMS, and radiation-hardened integrated circuits.
It leverages its engineering expertise and flexible manufacturing platform to co-create innovative solutions with customers, supporting both proprietary and custom silicon technologies. It operates a foundry business model, generating revenue through both technology co-development and volume manufacturing for a diverse set of end markets.
SkyWater Technology serves customers in computation, aerospace and defense, automotive, bio-health, consumer, industrial, and IoT sectors.
What this transaction means for investors
SkyWater’s stock price now reflects more than its role as a specialized U.S. foundry. IonQ plans to buy the company in a cash-and-stock deal, offering SkyWater shareholders $15 in cash and IonQ shares valued at $20 for each SkyWater share, with the final amount depending on certain limits. This means the stock’s value is now tied to both SkyWater’s performance and IonQ’s share price, as well as the deal’s closing conditions and the expected value of the merger.
This deal matters because of SkyWater’s manufacturing presence and its customers. SkyWater provides U.S.-based semiconductor development and manufacturing, including advanced technology and wafer services. Quantum-related projects are becoming a larger part of its business. The Fab 25 acquisition increased its manufacturing in Texas, but recent results show that this growth has led to integration costs and higher expenses.
For investors, SkyWater is now a mix of its foundry business and the upcoming merger with IonQ. IonQ could make SkyWater’s U.S. manufacturing more important for quantum hardware, while its current work in commercial, aerospace, and defense continues. The risk is that the stock’s value now depends not only on SkyWater’s progress but also on whether the deal closes, how IonQ’s stock performs, and whether demand for quantum projects grows quickly enough to meet investor expectations.
Should you buy stock in SkyWater Technology right now?
Before you buy stock in SkyWater Technology, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and SkyWater Technology wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $471,827!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,319,291!*
Now, it’s worth noting Stock Advisor’s total average return is 986% — a market-crushing outperformance compared to 207% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
See the 10 stocks »
*Stock Advisor returns as of May 11, 2026.
Wells Fargo is an advertising partner of Motley Fool Money. Eric Trie has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Applied Materials, Progressive, and SkyWater Technology. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
- S&P 500 Companies' Quarterly Profit Growth Slows, But Remains Strong, Oppenheimer Says
May 11, 2026
S&P 500 companies' quarterly earnings growth slowed compared with figures from a week ago, but remai
PREMIUM
Upgrade to read this MT Newswires article and get so much more.
A Silver or Gold subscription plan is required to access premium news articles.
Upgrade
Already have a subscription? Sign in
- Applied Materials Announces ASU, RPI and Stanford to Join EPIC Center
May 11, 2026 · globenewswire.com
Research partnerships with Arizona State University, Rensselaer Polytechnic Institute and Stanford University accelerate the U.S. lab-to-fab innovation pipeline by combining academic insights with commercial equipment and process expertise Located in Silicon Valley, Applied's EPIC Center provides a shared, industry-scale R&D environment with access to cutting-edge chipmaking equipment that enables rapid co-innovation and faster commercialization SANTA CLARA, Calif., May 11, 2026 (GLOBE NEWSWIRE) -- Applied Materials, Inc. today announced that Arizona State University (ASU), Rensselaer Polytechnic Institute (RPI) and Stanford University will join the company's EPIC Center in Silicon Valley as inaugural research partners.
