U.S. stocks rose following an encouraging report that showed inflation unexpectedly slowed across the country last month.

Shares of Coinbase Global ( COIN 25.01%) surged 23.8% higher at 2:30 p.m. ET on Tuesday, May 13. The operator of the leading cryptocurrency exchange in America will join the S&P 500 market index on its next update, scheduled for May 19.

Stocks have been roaring back since the S&P 500 fell nearly 20 percent below its record last month on hopes that President Donald Trump will ease his stiff tariffs on trading partners worldwide before they create a recession and send inflation spiking higher.

Coinbase shares fell as first-quarter revenue came in shy of Wall Street's expectations, despite the growth in stablecoin revenue.In the quarter ended March 31, Coinbase earned $65.6 million, or 24 cents per share,

The crypto exchange's broadening product suite and dominant U.S. market position set it up well for the long term, many analysts said.

Shares of cryptocurrency exchange Coinbase (COIN) experienced a significant surge in after-hours trading on Monday following the landmark announcement that the company will be added to the prestigious S&P 500 stock index.

Shares of Coinbase Global jumped in after-hours trading Monday on the news that the crypto exchange would be added to the S&P 500.

The crypto exchange cited a drop in crypto prices as a result of U.S. President Donald Trump’s tariff policy and macroeconomic uncertainty as the reason behind the weak quarter.

FedEx inks deal with Amazon to fill delivery gaps left by UPS. Samsung launches ultra-thin Galaxy S25 Edge as Apple reportedly prepares iPhone Air. Coinbase to join S&P 500 index.

Most U.S. stocks rose May 13 following an encouraging report that showed inflation unexpectedly slowed across the country last month.

Tariffs-related price gains likely will show up in the data.These stocks were poised to make moves Tuesday:UnitedHealth was falling 6.7% as the health insurer named Stephen J. Hemsley as its CEO, following Andrew Witty’s decision to step down as chief executive for personal reasons,