# The S&P 500 was virtually unchanged in morning trading.

*business · news · 2026-05-13 · The Atlanta Journal-Constitution*

## Key points

- Nvidia CEO Jensen Huang has been invited to join President Trump on a trip to China.
- U.S. wholesale inflation last month exceeded economists' expectations, following higher consumer inflation Tuesday.
- Oil prices have surged to $108.09 per barrel due to the ongoing war with Iran.
- Most traders no longer expect Fed interest rate cuts this year due to persistent inflation.
- South Korea's Kospi rebounded 2.6% after assurances regarding AI profit redistribution policy.

**Companies:** Nvidia, Micron Technology, On Semiconductor, SoftBank Group Corp.
**Countries:** United States, China, Japan, Iran, South Korea, United Kingdom

[Read the full story on The Atlanta Journal-Constitution](https://www.ajc.com/news/2026/05/wall-street-is-mixed-following-another-discouraging-inflation-report-and-a-recovery-for-tech-stocks/)

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