Treasury Yields Rise, Pressuring Stock Markets on May 19
On May 19, rising Treasury yields pressured major stock indices as investors worried about inflation and potential rate hikes. The S&P 500 fell by 0.67%, the Nasdaq Composite dropped 0.84%, and the Dow Jones Industrial Average declined 0.65%. Micron Technology gained despite a broader chip sector sell-off, while home improvement retailer Home Depot rose on strong Q1 earnings.
Tickers: $HD $MU $SNDK $TGT $WMT
Topics: Dow Jones Industrial Average Home Depot Micron Technology Nasdaq Composite S&P 500 Sandisk Target treasury yields Walmart