The S&P 500 climbed 0.7% on Tuesday, May 13, 2025, bringing the index into positive territory for the year as investors reacted to positive data on inflation and tech stocks surged.

The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down.

The S&P 500 was up 0.8 per cent in morning trade in New York after data showed US inflation unexpectedly fell to 2.3 per cent in April. The move extended the past month’s rebound and left the Wall Street benchmark 0.