A one-two punch of hotter-than-expected US inflation data and a fresh surge in oil prices brought Tuesday’s record-chasing to an abrupt halt. The S&P 500 closed down 0.16% at 7,400.96 and the Nasdaq Composite fell 0.71% to 26,088.20 on May 12, 2026, as a hotter-than-expected April Consumer Price Index (CPI) sent semiconductor stocks sharply lower. … Read more
Wall Street staged a powerful broad-based rally on Wednesday, May 6, 2026, as a breaking Axios report that the United States and Iran were finalizing a 14-point peace memorandum sent oil prices crashing more than 7%, unlocking a surge in risk assets from New York to Madrid. The S&P 500 advanced 1.46% to 7,365.12, closing … Read more
Tuesday’s session delivered a sharp reality check for the AI trade. The S&P 500 dropped 0.49% to 7,138.80 and the Nasdaq Composite fell 0.9% to 24,663.80, pulling back from Monday’s record closes as a Wall Street Journal report revealed OpenAI had missed its own revenue and user targets. The news rippled through chip and AI … Read more