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Nasdaq and S&P 500 futures plunge as Treasury yields jump over inflation fears from Middle East conflict
International
Published on 15 May 2026
Fed hike odds surge to about 40% fast
U.S. stock futures tracking the Nasdaq and S&P 500 dropped more than 1% as Treasury yields jumped amid rising inflation worries tied to the Middle East conflict. The 10-year Treasury yield hit 4.54%, the highest since early June 2025, while bond markets priced in faster rate hikes and weaker growth. Even after Wall Street’s AI-fueled record closes, Brent crude climbed almost 3% to about $109 as the Strait of Hormuz remained closed, pressuring oil-heavy sectors like airlines.
- Nasdaq 100 futures fell about 1.56% in premarket trade
- S&P 500 futures dropped about 1.07%, while Dow E-minis were down 0.66%
- 10-year Treasury yields rose to 4.54%, highest since early June 2025
- CME Fedwatch puts Dec 25 bps hike odds near 40%
- Brent crude climbed roughly 3% to around $109 a barrel
- Airlines slipped as oil costs rose; Delta United Southwest down 1.3% to 1.5%
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times