Episode 2026-05-13

You're listening to 7 Horns AI — your AI-powered market update. Hello everyone, and welcome to your market wrap-up for Wednesday, May thirteenth, twenty twenty-six. Wall Street defied inflation worries today, with the S&P five hundred and Nasdaq charging to new record highs, fueled by an insatiable appetite for technology and artificial intelligence stocks. The S&P five hundred closed at a new all-time high, posting a gain of zero point five nine percent. The Nasdaq Composite set its thirteenth record close of twenty twenty-six, advancing one point two zero percent. In contrast, the Dow Jones dipped a modest zero point one five percent. Markets opened with a negative bias after both April Producer Price Index and yesterday's CPI data came in hotter than expected. This sent the Dow lower by over two hundred seventy points in early trading. However, an AI-led rally soon took hold, with investors seemingly concluding that sticky inflation won't deter the AI investment cycle. The Nasdaq and S&P five hundred staged steady climbs, with the Dow recovering most of its losses. This ability to absorb two consecutive hot inflation readings and still hit new highs underscores how dominant the AI and tech narrative has become. Looking ahead, S&P five hundred futures are essentially in line with today's cash close, with no meaningful after-hours drift yet. In commodities, gold eased slightly, down zero point five six percent, as risk appetite returned to equities. Oil fell more notably, d