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US STOCKS-Wall St Ends Lower as Inflation Worries Push up Yields
The S&P 500 and Nasdaq fell for a third straight day as the 10-year Treasury yield hit a 2025 high and traders awaited Nvidia results.
- Wall Street's main indexes closed lower yesterday as the 10-year Treasury yield climbed to its highest level in more than a year, fueled by mounting inflation concerns.
- Traders remain anxious about the lack of a peace agreement involving Iran, while Brent crude futures stayed above $110 a barrel as the Middle East conflict persists.
- Investors are awaiting Nvidia's quarterly results after the bell on Wednesday, closely watching for evidence that AI-driven demand justifies elevated valuations across semiconductor stocks.
- Garrett Melson, portfolio strategist at Natixis Investment Managers Solutions, said "rates are obviously front-and-center," explaining that rapid rate changes create market indigestion more than the level itself.
- On Wednesday, investors will focus on minutes from the Federal Reserve's last policy meeting for clues on rate hikes, as traders price in higher probabilities for tightening amid persistent inflation.
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11 Articles
11 Articles
Although a statement by the US President gives rise to hope – at least on the oil market. Overall, investors in the US are rather reluctant. Additional nervousness comes from the bond market.
·Düsseldorf, Germany
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Magnificent 7 wipes $273 billion in a day as big tech sell-off continues
The U.S. stock market’s hot streak that started in late March signalled it had overheated, with the May 14 S&P 500 benchmark index closing at 7,501 as the subsequent sessions led to a total 1.97% correction by the evening of May 19. S&P 500 index one-month chart. Source: Google The most recent regular session demonstrated that the brutal correction is far from over, given that the ‘Magnificent 7’ companies erased a total of $273 billion between …
Coverage Details
Total News Sources11
Leaning Left0Leaning Right3Center1Last UpdatedBias Distribution75% Right
Bias Distribution
- 75% of the sources lean Right
75% Right
C 25%
R 75%
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