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US stocks slide as crude oil spikes and Treasury yields jump in fresh inflation shock
Economy
Published on 15 May 2026
AI tech led the crash as bonds stole the spotlight
US stocks pulled back from record highs as crude oil surged and Treasury yields climbed, reviving inflation worries. All three major indexes fell, with AI-driven tech stocks hit hardest as investors rotated toward bond yields and reassessed how aggressively the Federal Reserve might act. The move followed Middle East tensions after US-Iran-related uncertainty and raised concerns about global borrowing costs, with the 10-year yield reaching its highest level since May 2025.
- S&P 500 fell 91.62 points or 1.22% to 7,409.62
- Nasdaq dropped 412.61 points or 1.53% to 26,226.35
- Dow Jones slid 537.35 points or 1.06% to 49,531.70
- 10-year Treasury yield hit the highest level since May 2025
- December 25 bps rate-hike odds neared 40% from 13.6% weekly
- AI semiconductor names like Nvidia AMD and Intel led losses
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times