Hot April CPI Triggers Chip Sell-Off and S&P 500 Retreat — UK Political Crisis Sends Gilts Spiking and Europe Lower
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