Both the S&P 500 (^GSPC) and the Nasdaq (^IXIC) hit new intraday highs after the April Consumer Price Index report showed further signs that inflation is cooling. Consumer prices rose 3.4% from a year ago. Core CPI, which strips out more volatile food and energy prices, rose 3.6% year-over-year. Both pieces of data were in line with economists’ estimates. One stock investors are watching today is Cisco (CSCO). The tech giant reports its fiscal third quarter results after the market close. Trending tickers on Yahoo Finance include Nvidia (NVDA), Super Micro Computer (SMCI), and Dell Technologies (DELL).

Top guests today include:

3:05 p.m. ET - Angelo Kourkafas, Edward Jones Senior Investment Strategist, and José Torres, Interactive Brokers Senior Economist

3:40 p.m. ET - Kevin Paffrath, Financial Analyst & YouTuber "Meet Kevin"

3:50 p.m. ET - Tyler Rosenlicht, Portfolio Manager for Global Listed Infrastructure at Cohen & Steers, and Maheep Mandloi, Mizuho Securities USA Director, Clean Energy Equity Research

4:25 p.m. ET - William Kerwin, Morningstar Equity Analyst, Technology