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US stocks fall further from their records after bond markets crank up the pressure (apnews.com)

submitted 4 days ago by CorrectAlias@piefed.blahaj.zone to c/news@lemmy.world

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The U.S. stock market is giving back more of its record-setting rally on Tuesday as bond markets rattled by high inflation keep cranking up the pressure.

The S&P 500 fell 0.5% and was on track for a third straight loss after setting its latest all-time high. The Dow Jones Industrial Average was down 165 points, or 0.3%, as of 12:29 p.m. Eastern time, and the Nasdaq composite was 0.9% lower.

That followed mixed moves for stock markets abroad, while oil prices eased in their latest yo-yo move. Falling technology stocks in Asia dragged South Korea’s Kospi down 3.3%, but Germany’s DAX returned 0.4%.

Tech stocks are faltering following huge runs made because of excitement around artificial-intelligence technology, runs that critics said made them too expensive. The stumble comes as oil prices swing on uncertainty about how long the Iran war will keep the Strait of Hormuz closed for oil tankers. That in turn has pushed yields higher in bond markets, which is dragging on economies and all kinds of other financial markets.

The wait is on, meanwhile, for Nvidia to report its latest quarterly results. The chip company is due to report on Wednesday, and it’s routinely blown past analysts’ expectations each quarter. Not only that, it’s provided forecasts for future growth that have consistently topped Wall Street’s.

How it does could determine whether technology stocks and the larger U.S. stock market can maintain their rally. Nvidia slipped 0.2% Tuesday, but was one of the heaviest weights on the S&P 500 because of its immense size.

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[-] ryper@lemmy.ca 13 points 4 days ago* (last edited 4 days ago)

The people who use "plummet" to describe a 1% drop.

this post was submitted on 19 May 2026

107 points (95.7% liked)

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