S&P 500 Opens Up 0.11% at 7,409 as Hot PPI Cements Fed Rate Hold Expectations

The S&P 500 opened modestly higher at 7,409.12 (+0.11%) on May 13, 2026, following hotter-than-expected producer prices that echoed April's sticky CPI and reinforced bets on extended Fed restrictiveness. Hot core CPI at +0.4% m/m (+2.8% y/y vs. expectations) on May 12 drove S&P 500 futures down 0.5% and Nasdaq 100 futures nearly 1%, leading to a mixed close with S&P off 0.16% at 7,400.96 and Dow up ~56 points to 49,760.56. May 13 opens reflected caution—Dow -0.17% at 49,674.58, Nasdaq +0.23% at 26,147.65—amid a firmer dollar and Fear & Greed index at 66.6.