Global shares stumble while bond yields climb on inflation worries
By Sinéad Carew and Sophie Kiderlin
Fri May 15, 2026
As today’s expert so accurately pointed out, “The market is finally paying attention to what the bond market and economic data is telling it. Inflation remains sticky and is potentially going to move higher in the months ahead.” And thus with this wake-up call and the scary inflation data that has come out this week, investors are moving away from the AI euphoria and all three indexes took a major dive right at the outset and stayed there all day, both the Dow and Nasdaq suffering enormous 3-digit losses and the S&P coming within a few points of the same.
Despite all this, the S&P still had its seventh straight week of gains, the longest streak in 3 years. Today’s losses put the Dow in a loss position for the week and the Nasdaq snapping a 6-week streak. The 2-year Treasury which has a pattern of predicting interest rates rose 8.7 basis points from 3.99 to 4.08%. There are now 39% odds of a rate hike by December vs 14% last week. Today was Powell’s last day as Fed chair, replaced by Kevin Warsh. “The market is going to test Kevin Warsh. They’re going to press him to see what he really stands for,” said one expert. Per the CBOE, 19.8 billion shares were traded vs the 18.2 average.
DJ: 50,063.46 +370.26 NAS: 26,635.22
+232.88 S&P: 7,501.24
+56.99 5/14
DJ: 49,526.17 -537.29 NAS: 26,225.15
-410.08 S&P: 7,408.50
-92.74 5/15
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