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US stocks end lower as hotter inflation and Iran tensions rattle markets
Economy
Published on 12 May 2026
Tech dragged indexes as oil fears revived rate hikes
US stocks finished lower as hotter-than-expected inflation and escalating US-Iran tensions hit investor sentiment. The S&P 500 and Nasdaq slipped from record levels, led by weakness in tech, while the Dow was comparatively steady. Rising oil prices and expectations that inflation may stay higher further dented hopes for Federal Reserve rate cuts and boosted bets on additional rate hikes.
- S&P 500 and Nasdaq fell from record highs
- Hotter inflation and US-Iran tensions pressured sentiment
- Tech weakness was a major drag on markets
- Oil-driven inflation fears revived rate-hike expectations
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times