S&P 500 and Nasdaq Open Lower as Chip Stocks Drag, Inflation Fears Persist

S&P 500 and Nasdaq open lower as chip stocks drag, inflation fears persist

The S&P 500 and the Nasdaq opened lower on Tuesday (May 19), pressured by a selloff in heavyweight chip stocks and lingering inflation concerns as Treasury yields continued to rise.

S&P 500 Index: Chip Selloff and Rate Hike Fears Raise Risks for US Stocks

S&P 500 futures turn lower as weak tech stocks, chip selling, and rising yields challenge the AI rally and shift Fed expectations.