Wall Street Rises on Cool CPI | CityCast Late – Tue 13 May 2025

Markets closed with mixed results Tuesday as softer-than-expected US inflation data sparked hopes for rate cuts later this year. The Nasdaq surged while the Dow dipped, and the dollar weakened broadly. Meanwhile, UnitedHealth shares plunged on leadership changes, Nvidia soared on a major chip deal, and Goldman Sachs raised its S&P 500 targets alongside fresh growth forecasts.We also cross to London, where the FTSE 250 advanced and attention turns to earnings from Compass and Burberry. Other movers include Entain, RS Group, Wickes, and Bytes Technology.CityCast Late wraps up the global market day from New York to London in just under 10 minutes.⏱️ Timestamps:00:00 – Intro: Wall Street closes mixed, Nasdaq leads00:30 – CPI breakdown: Headline 2.3%, core steady, food & airfares fall01:20 – Goldman Sachs outlook: GDP upgrade, 6,500 S&P 500 target02:10 – Fed expectations shift: First rate cut now seen in December02:40 – US corporate news:• UnitedHealth sinks 18% on guidance & CEO exit• Boeing +2.5% after China lifts aircraft delivery ban• Nvidia +5.6% on Saudi AI chip deal03:45 – London wrap: FTSE 100 flat, FTSE 250 up• Entain, RS Group, Wickes climb• DCC misses revenue forecasts• Bytes slips despite dividend news• Burberry up ahead of results05:15 – Earnings watch: Compass & Burberry preview06:15 – Broader Euro earnings ahead: ABN Amro, Daimler Truck, TUI & more07:00 – Sign-off: Back before the open with Wednesday's headlines