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What Moved Markets — 5pm ET, May 13, 2026

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Headlines

  • Trump-Xi summit kicks off Thursday — S&P 500 and Nasdaq hit highs led by Google, Nvidia, Tesla

  • Elon Musk joins Trump's China visit — Tesla CEO to accompany president on trip

  • SpaceX valued at over $1.5 trillion ahead of 2026 mega-IPO — private valuation exceeds $1.5 trillion

  • GraniteShares launches MSTR and Coinbase ETFs — MSR and ATC ETFs target income from high-volatility crypto equities

  • xAI pitches Grok chatbot to Wall Street firms — Musk-led effort targets financial sector adoption with no disclosed contracts yet

  • Cisco announces layoffs of under 4,000 jobs, shifts investment toward AI — CSCO shares soar after Q3 earnings

  • Doximity Q4 earnings mixed, soft forward guidance — DOCS stock dives

Today’s wrap

May 13, 2026 Market Wrap

GoodMoat publishes hourly macro-headline digests synthesized by AI from leading financial newswires (Reuters, Bloomberg, Tiingo). Each bulletin is editorially reviewed for accuracy before publication. See the Macro Desk editorial process for details.