- Stocks Settle Sharply Lower as Bond Yields Jump on Inflation Fears
May 15, 2026
The S&P 500 Index ($SPX) (SPY) on Friday closed down -1.24%, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -1.07%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.54%. June E-mini S&P futures (ESM26) fell -1.26%, and June E-mini Nasdaq futures (NQM26) fell -1.56%.
Stock indexes sold off sharply on Friday, weighed down by a broad selloff in global bond markets amid soaring crude oil prices that are fueling inflation fears. Doubts over whether oil supplies from the Middle East will normalize anytime soon pushed WTI to a 1.5-week high on Friday, as peace talks between the US and Iran remain in limbo and the Strait of Hormuz remains closed. The soaring crude prices sent bond yields spiking globally, with the Japanese 10-year JGB bond yield jumping to a 29-year high, the 10-year UK Gilt yield surging to an 18-year high, the 10-year German bund yield rising to a 15-year high, and the 10-year T-note yield climbing to an 11.75-month high of 4.60%. Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.
Stock indexes extended their losses on Friday after bond yields climbed further on hawkish US economic news that showed the May Empire manufacturing survey general business conditions unexpectedly rose +8.6 to a 4-year high of 19.6, stronger than expectations of a decline to 7.2. Also, Apr manufacturing production rose by +0.6% m/m, stronger than expectations of +0.2% m/m and the largest increase in 14 months.
WTI crude oil prices (CLM26) surged more than +4% on Friday to a 1.5-week high as talks to end the Iran war remain in limbo. The Strait of Hormuz remains essentially closed, as about a fifth of the world’s oil and liquefied natural gas transits through the strait. On Wednesday, the International Energy Agency (IEA) said in a monthly report that global oil inventories declined at a rate of about 4 million bpd in March and April, and the market will remain “severely undersupplied” until October even if the conflict ends next month. Goldman Sachs estimates that the current disruption has drawn down nearly 500 million bbl from global crude stockpiles, with the drawdown potentially reaching 1 billion bbl by June.
The markets are discounting a 3% chance of a -25 bp FOMC rate cut at the next FOMC meeting on June 16-17.
Earnings reports thus far in this reporting season have been supportive of stocks. As of Friday, 83% of the 454 S&P 500 companies that reported Q1 earnings have beaten estimates. Q1 S&P 500 earnings are projected to climb +12% y/y, according to Bloomberg Intelligence. Stripping out the technology sector, Q1 earnings are projected to increase around +3%, the weakest in two years.
Overseas stock markets settled sharply lower on Friday. The Euro Stoxx 50 closed down -1.81%. China's Shanghai Composite fell to a 2-week low and closed down -1.02%. Japan's Nikkei Stock Average dropped to a 1-week low and closed down -1.99%.
Interest Rates
June 10-year T-notes (ZNM6) on Friday closed down by -30 ticks. The 10-year T-note yield rose +11.3 bp to 4.595%. Jun T-notes slumped to a 15-month low on Friday, and the 10-year T-note yield jumped to an 11.75-month high of 4.598%. Soaring crude oil prices on Friday raised inflation expectations and weighed on T-note prices, as WTI crude oil surged more than +4% to a 1.5-week high. Bond markets are under pressure globally amid intensifying fears that surging energy prices from the war in the Middle East will force central banks to tighten monetary policy. T-notes added to their losses on Friday after US economic news showed that the May Empire manufacturing survey general business conditions unexpectedly rose to a 4-year high, and that Apr manufacturing production posted its largest increase in 14 months.
European government bond yields moved sharply higher on Friday. The 10-year German Bund yield rose to a 15-year high of 3.172% and finished up +12.4 bp to 3.167%. The 10-year UK gilt yield jumped to a nearly 18-year high of 5.180% and finished up +17.8 bp to 5.172%.
Swaps are discounting an 88% chance of a +25 bp ECB rate hike at its next policy meeting on June 11.
US Stock Movers
Chipmakers sold off on Friday, giving back some of this week’s rally that pushed the S&P 500 and Nasdaq 100 to new record highs. ARM Holdings Plc (ARM) closed down by more than -8% to lead losers in the Nasdaq 100, and Intel (INTC) closed down more than -6%. Also, Micron Technology (MU) closed down more than -5%, and Lam Research (LRCX), Advanced Micro Devices (AMD), ASML Holding NV (ASML), Nvidia (NVDA), and KLA Corp (KLAC) closed down more than -4%. In addition, Broadcom (AVGO) closed down more than -3%, and Analog Devices (ADI) and Microchip Technology (MCHP) closed down more than -2%.
Mining stocks retreated on Friday amid plunging gold, silver, and copper prices. Hecla Mining (HL) and Anglogold Ashanti Ltd (AU) closed down more than -9%, and Coeur Mining (CDE) closed down more than -8%. Also, Newmont Corp (NEM) closed down more than -6%, and Southern Copper (SCCO) and Barrick Mining (B) closed down more than -5%. In addition, Freeport McMoRan (FCX) closed down more than -4%.
Cryptocurrency-exposed stocks fell on Friday as Bitcoin (^BTCUSD) dropped more than -2% to a 1.5-week low. Coinbase Global (COIN) closed down more than -7% to lead losers in the S&P 500, and Galaxy Digital Holdings (GLXY) closed down more than -7%. Also, MARA Holdings (MARA) closed down more than -6%, and Strategy (MSTR) and Riot Platforms (RIOT) closed down more than -4%.
Airlines and cruise line operators were under pressure on Friday, as the +4% jump in WTI crude oil to a 1.5-week high raises fuel costs and dampens the companies’ earnings prospects. United Airlines Holdings (UAL), American Airlines Group (AAL), and Alaska Air Group (ALK) closed down more than -3%, and Southwest Airlines (LUV), Carnival (CCL), and Norwegian Cruise Line Holdings (NCLH) closed down more than -2%. Also, Delta Air Lines (DAL) and Royal Caribbean Cruises (RCL) closed down more than -1%.
Energy producers and service providers moved higher on Friday amid the +4% jump in WTI crude oil. APA Corp (APA) closed up more than +5%, and Devon Energy (DVN) and Occidental Petroleum (OXY) closed up more than +4%. Also, Exxon Mobil (XOM) closed up more than +3%, and ConocoPhillips (COP), Marathon Petroleum (MPC), Phillips 66 (PSX), Chevron (CVX), and Valero Energy (VLO) closed up more than +2%.
Dlocal Ltd (DLO) closed down more than -12% after reporting Q1 EPS of 14 cents, below the consensus of 17 cents.
NU Holdings Ltd (NU) closed down more than -5% after reporting Q1 revenue of $4.97 billion, weaker than the consensus of $5.04 billion.
Figma Inc. (FIG) closed up more than +13% after raising its full-year revenue forecast to $1.42 billion to $1.43 billion from a previous estimate of $1.37 billion, stronger than the consensus of $1.37 billion.
Dexcom (DXCM) closed up more than +6% to lead gainers in the S&P 500 and Nasdaq 100 after Elliott Investment Management took a stake in the company and struck a settlement that will put two independent directors on the board.
Papa John’s International (PZZA) closed up more than +6% after Reuters reported that Irth Capital is working to take the company private.
Microsoft (MSFT) closed up more than +3% after Pershing Square said it has built a new stake in the company.
C.H. Robinson Worldwide (CHRW) closed up more than +2% after Citigroup upgraded the stock to buy from neutral with a price target of $199.
Earnings Reports(5/18/2026)
Agilysys Inc (AGYS), James Hardie Industries PLC (JHX), XP Inc (XP).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
- Stocks Settle Sharply Lower as Bond Yields Jump on Inflation Fears
May 15, 2026
The S&P 500 Index ($SPX) (SPY) on Friday closed down -1.24%, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -1.07%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.54%. June E-mini S&P futures (ESM26) fell -1.26%, and June E-mini Nasdaq futures (NQM26) fell -1.56%.
Stock indexes sold off sharply on Friday, weighed down by a broad selloff in global bond markets amid soaring crude oil prices that are fueling inflation fears. Doubts over whether oil supplies from the Middle East will normalize anytime soon pushed WTI to a 1.5-week high on Friday, as peace talks between the US and Iran remain in limbo and the Strait of Hormuz remains closed. The soaring crude prices sent bond yields spiking globally, with the Japanese 10-year JGB bond yield jumping to a 29-year high, the 10-year UK Gilt yield surging to an 18-year high, the 10-year German bund yield rising to a 15-year high, and the 10-year T-note yield climbing to an 11.75-month high of 4.60%.
More News from Barchart
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Stock indexes extended their losses on Friday after bond yields climbed further on hawkish US economic news that showed the May Empire manufacturing survey general business conditions unexpectedly rose +8.6 to a 4-year high of 19.6, stronger than expectations of a decline to 7.2. Also, Apr manufacturing production rose by +0.6% m/m, stronger than expectations of +0.2% m/m and the largest increase in 14 months.
WTI crude oil prices (CLM26) surged more than +4% on Friday to a 1.5-week high as talks to end the Iran war remain in limbo. The Strait of Hormuz remains essentially closed, as about a fifth of the world’s oil and liquefied natural gas transits through the strait. On Wednesday, the International Energy Agency (IEA) said in a monthly report that global oil inventories declined at a rate of about 4 million bpd in March and April, and the market will remain “severely undersupplied” until October even if the conflict ends next month. Goldman Sachs estimates that the current disruption has drawn down nearly 500 million bbl from global crude stockpiles, with the drawdown potentially reaching 1 billion bbl by June.
Story Continues
The markets are discounting a 3% chance of a -25 bp FOMC rate cut at the next FOMC meeting on June 16-17.
Earnings reports thus far in this reporting season have been supportive of stocks. As of Friday, 83% of the 454 S&P 500 companies that reported Q1 earnings have beaten estimates. Q1 S&P 500 earnings are projected to climb +12% y/y, according to Bloomberg Intelligence. Stripping out the technology sector, Q1 earnings are projected to increase around +3%, the weakest in two years.
Overseas stock markets settled sharply lower on Friday. The Euro Stoxx 50 closed down -1.81%. China's Shanghai Composite fell to a 2-week low and closed down -1.02%. Japan's Nikkei Stock Average dropped to a 1-week low and closed down -1.99%.
Interest Rates
June 10-year T-notes (ZNM6) on Friday closed down by -30 ticks. The 10-year T-note yield rose +11.3 bp to 4.595%. Jun T-notes slumped to a 15-month low on Friday, and the 10-year T-note yield jumped to an 11.75-month high of 4.598%. Soaring crude oil prices on Friday raised inflation expectations and weighed on T-note prices, as WTI crude oil surged more than +4% to a 1.5-week high. Bond markets are under pressure globally amid intensifying fears that surging energy prices from the war in the Middle East will force central banks to tighten monetary policy. T-notes added to their losses on Friday after US economic news showed that the May Empire manufacturing survey general business conditions unexpectedly rose to a 4-year high, and that Apr manufacturing production posted its largest increase in 14 months.
European government bond yields moved sharply higher on Friday. The 10-year German Bund yield rose to a 15-year high of 3.172% and finished up +12.4 bp to 3.167%. The 10-year UK gilt yield jumped to a nearly 18-year high of 5.180% and finished up +17.8 bp to 5.172%.
Swaps are discounting an 88% chance of a +25 bp ECB rate hike at its next policy meeting on June 11.
US Stock Movers
Chipmakers sold off on Friday, giving back some of this week’s rally that pushed the S&P 500 and Nasdaq 100 to new record highs. ARM Holdings Plc (ARM) closed down by more than -8% to lead losers in the Nasdaq 100, and Intel (INTC) closed down more than -6%. Also, Micron Technology (MU) closed down more than -5%, and Lam Research (LRCX), Advanced Micro Devices (AMD), ASML Holding NV (ASML), Nvidia (NVDA), and KLA Corp (KLAC) closed down more than -4%. In addition, Broadcom (AVGO) closed down more than -3%, and Analog Devices (ADI) and Microchip Technology (MCHP) closed down more than -2%.
Mining stocks retreated on Friday amid plunging gold, silver, and copper prices. Hecla Mining (HL) and Anglogold Ashanti Ltd (AU) closed down more than -9%, and Coeur Mining (CDE) closed down more than -8%. Also, Newmont Corp (NEM) closed down more than -6%, and Southern Copper (SCCO) and Barrick Mining (B) closed down more than -5%. In addition, Freeport McMoRan (FCX) closed down more than -4%.
Cryptocurrency-exposed stocks fell on Friday as Bitcoin (^BTCUSD) dropped more than -2% to a 1.5-week low. Coinbase Global (COIN) closed down more than -7% to lead losers in the S&P 500, and Galaxy Digital Holdings (GLXY) closed down more than -7%. Also, MARA Holdings (MARA) closed down more than -6%, and Strategy (MSTR) and Riot Platforms (RIOT) closed down more than -4%.
Airlines and cruise line operators were under pressure on Friday, as the +4% jump in WTI crude oil to a 1.5-week high raises fuel costs and dampens the companies’ earnings prospects. United Airlines Holdings (UAL), American Airlines Group (AAL), and Alaska Air Group (ALK) closed down more than -3%, and Southwest Airlines (LUV), Carnival (CCL), and Norwegian Cruise Line Holdings (NCLH) closed down more than -2%. Also, Delta Air Lines (DAL) and Royal Caribbean Cruises (RCL) closed down more than -1%.
Energy producers and service providers moved higher on Friday amid the +4% jump in WTI crude oil. APA Corp (APA) closed up more than +5%, and Devon Energy (DVN) and Occidental Petroleum (OXY) closed up more than +4%. Also, Exxon Mobil (XOM) closed up more than +3%, and ConocoPhillips (COP), Marathon Petroleum (MPC), Phillips 66 (PSX), Chevron (CVX), and Valero Energy (VLO) closed up more than +2%.
Dlocal Ltd (DLO) closed down more than -12% after reporting Q1 EPS of 14 cents, below the consensus of 17 cents.
NU Holdings Ltd (NU) closed down more than -5% after reporting Q1 revenue of $4.97 billion, weaker than the consensus of $5.04 billion.
Figma Inc. (FIG) closed up more than +13% after raising its full-year revenue forecast to $1.42 billion to $1.43 billion from a previous estimate of $1.37 billion, stronger than the consensus of $1.37 billion.
Dexcom (DXCM) closed up more than +6% to lead gainers in the S&P 500 and Nasdaq 100 after Elliott Investment Management took a stake in the company and struck a settlement that will put two independent directors on the board.
Papa John’s International (PZZA) closed up more than +6% after Reuters reported that Irth Capital is working to take the company private.
Microsoft (MSFT) closed up more than +3% after Pershing Square said it has built a new stake in the company.
C.H. Robinson Worldwide (CHRW) closed up more than +2% after Citigroup upgraded the stock to buy from neutral with a price target of $199.
Earnings Reports(5/18/2026)
Agilysys Inc (AGYS), James Hardie Industries PLC (JHX), XP Inc (XP).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com
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- Sector Update: Tech Stocks Fall Late Afternoon
May 15, 2026
Tech stocks were lower late Friday afternoon, with the State Street Technology Select Sector SPDR ET
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- Why Figma Stock Jumped 18% Friday Morning
May 15, 2026
Shares of Figma(NYSE: FIG) soared on Friday thanks to an impressive Q1 2026 report. The collaborative design platform specialist's stock peaked at an 18.2% gain around 10:15 a.m. ET, then backed down for a while. It's coming on strong again in the afternoon. As of this writing at 2:20 p.m. ET, Figma is up by 15.4%.
AI is a tool, not a replacement
Figma's first-quarter revenue rose 46% year over year to $333 million. The bottom line more than tripled from adjusted earnings of $0.03 to $0.10 per diluted share. The Street consensus had called for earnings near $0.06 per share on sales in the vicinity of $316 million. Management set next-quarter and full-year revenue guidance targets well ahead of the current analyst projections.
Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »
On the earnings call, CEO Dylan Field reminded Figma investors that artificial intelligence (AI) is a helpful tool for website and product designers, not a drop-in replacement of Figma's services.
"The companies that figure out how to harness human creativity alongside AI, those companies will define what the next era of software and creativity looks like," he said.
At the same time, designers must balance the power of AI tools against the budget crunch that follows from overusing them. Of course, Figma can help.
"If the first chapter was, 'oh gosh, we have to use AI' and the second chapter was, 'OK, leaderboards for token usage,' then the third chapter seems to be, 'let's put some limits on this because this is real spend,'" Field said. "We're striking the right balance on efficiencies so that our customers can use our product."Image source: The Motley Fool.
The stock is down but not out
Friday's jump is a nice rebound, but Figma's stock is still way down from earlier highs. Stock prices have dropped 47% in six months as investors expected increasingly powerful AI platforms to undermine Figma's business.
Well, the Q1 results proved that designers still crave Figma's intuitive tools, with or without AI assistance. The stock isn't exactly cheap at 68 times forward earnings estimates, but that's still a massive discount from last summer's even loftier valuation. All told, I'm tempted to pick up some Figma stock before it takes off again. Field's analysis matches my own view that human expertise unlocks the true value in even the best AI systems.
Story Continues
Should you buy stock in Figma right now?
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Anders Bylund has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Figma. The Motley Fool has a disclosure policy.
Why Figma Stock Jumped 18% Friday Morning was originally published by The Motley Fool
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- After Claude Design Launched, Figma Raised Its Full-Year Outlook
May 15, 2026 · pymnts.com
When Anthropic released Claude Design in April, one assumption spread quickly through design and tech circles: a prompt-to-interface tool would make interface design platform Figma redundant. Product teams would describe what they wanted and skip the canvas entirely.
- Top Midday Gainers
May 15, 2026
P3 Health Partners' (PIII) shares soared 182% amid heavy trading after the company posted overnight
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- How Cerebras Disrupted Chips—and Maybe the Future of IPOs
May 15, 2026
Cerebras is shaking up the design of semiconductors. It’s also taking a new approach to the touchy subject of post-IPO stock sales.
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- Stocks Slide as Inflation Fears Lift Bond Yields
May 15, 2026
The S&P 500 Index ($SPX) (SPY) today is down -0.91%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.83%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -1.30%. June E-mini S&P futures (ESM26) are down -1.02%, and June E-mini Nasdaq futures (NQM26) are down -1.41%.
Stock indexes are falling sharply, weighed down by a broad selloff in global bond markets amid soaring crude oil prices that are fueling inflation fears. Doubts over whether oil supplies from the Middle East will normalize anytime soon have pushed WTI to a 1.5-week high today, as peace talks between the US and Iran remain in limbo and the Strait of Hormuz remains closed. The soaring crude prices are sending bond yields spiking globally, with the Japanese 10-year JGB bond yield jumping to a 29-year high, the 10-year UK Gilt yield surging to an 18-year high, the 10-year German bund yield rising to a 15-year high, and the 10-year T-note yield climbing to an 11.75-month high of 4.58%. Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.
Stock indexes extended their losses today after bond yields climbed further on hawkish US economic news showing the May Empire manufacturing survey general business conditions unexpectedly rose +8.6 to a 4-year high of 19.6, stronger than expectations of a decline to 7.2. Also, Apr manufacturing production rose by +0.6% m/m, stronger than expectations of +0.2% m/m and the largest increase in 14 months.
WTI crude oil prices (CLM26) are up sharply by more than 3% today, at a 1.5-week high, as talks to end the Iran war remain in limbo. The Strait of Hormuz remains essentially closed, as about a fifth of the world’s oil and liquefied natural gas transits through the strait. On Wednesday, the International Energy Agency (IEA) said in a monthly report that global oil inventories declined at a rate of about 4 million bpd in March and April, and the market will remain “severely undersupplied” until October even if the conflict ends next month. Goldman Sachs estimates that the current disruption has drawn down nearly 500 million bbl from global crude stockpiles, with the drawdown potentially reaching 1 billion bbl by June.
The markets are discounting a 3% chance of a -25 bp FOMC rate cut at the next FOMC meeting on June 16-17.
Earnings reports thus far in this reporting season have been supportive of stocks. As of today, 83% of the 454 S&P 500 companies that reported Q1 earnings have beaten estimates. Q1 S&P 500 earnings are projected to climb +12% y/y, according to Bloomberg Intelligence. Stripping out the technology sector, Q1 earnings are projected to increase around +3%, the weakest in two years.
Overseas stock markets are sharply lower today. The Euro Stoxx 50 is down -1.77%. China's Shanghai Composite fell to a 2-week low and closed down -1.02%. Japan's Nikkei Stock Average dropped to a 1-week low and closed down -1.99%.
Interest Rates
June 10-year T-notes (ZNM6) today are down by -23 ticks. The 10-year T-note yield is up +8.4 bp to 4.566%. Jun T-notes slumped to an 11.75-month low today, and the 10-year T-note yield jumped to an 11.75-month high of 4.580%. Soaring crude oil prices today are raising inflation expectations and weighing on T-note prices, with WTI crude oil up more than +3% at a 1.5-week high. Bond markets are under pressure globally amid intensifying fears that surging energy prices from the war in the Middle East will force central banks to tighten monetary policy. T-notes added to their losses today after US economic news showed that the May Empire manufacturing survey general business conditions unexpectedly rose to a 4-year high, and that Apr manufacturing production posted its largest increase in 14 months.
European government bond yields are moving higher today. The 10-year German Bund yield rose to a 15-year high of 3.154% and is up +10.2 bp to 3.145%. The 10-year UK gilt yield jumped to a nearly 18-year high of 5.180% and is up +16.2 bp to 5.155%.
Swaps are discounting an 88% chance of a +25 bp ECB rate hike at its next policy meeting on June 11.
US Stock Movers
Chipmakers are sliding today as they give back some of this week’s rally that pushed the S&P 500 and Nasdaq 100 to new record highs. ARM Holdings Plc (ARM) is down by more than -7% to lead losers in the Nasdaq 100, and Intel (INTC) is down more than -6%. Also, Lam Research (LRCX) and Micron Technology (MU) are down more than -5%, and Advanced Micro Devices (AMD) and ASML Holding NV (ASML) are down more than -4%. In addition, Nvidia (NVDA), KLA Corp (KLAC), and Broadcom (AVGO) are down more than -3%, and Marvell Technology (MRVL) and Microchip Technology (MCHP) are down more than -2%.
Mining stocks are retreating today amid plunging gold, silver, and copper prices. Hecla Mining (HL), Coeur Mining (CDE), and Anglogold Ashanti Ltd (AU) are down more than -8%, and Freeport McMoRan (FCX), Southern Copper (SCCO), Barrick Mining (B), and Newmont Corp (NEM) are down more than -5%.
Cryptocurrency-exposed stocks are falling today, with Bitcoin (^BTCUSD) down more than -2% at a 1.5-week low. Coinbase Global (COIN) is down more than -7% to lead losers in the S&P 500, and MARA Holdings (MARA) is down more than -7%. Also, Strategy (MSTR) and Galaxy Digital Holdings (GLXY) are down by more than -6%, and Riot Platforms (RIOT) is down more than -5%.
Airlines and cruise line operators are under pressure today, as a +3% jump in WTI crude oil to a 1.5-week high raises fuel costs and dampens the companies’ earnings prospects. United Airlines Holdings (UAL) is down more than -2%, and Delta Air Lines (DAL), Carnival (CCL), Royal Caribbean Cruises (RCL), Norwegian Cruise Line Holdings (NCLH), American Airlines Group (AAL), and Southwest Airlines (LUV) are down more than -1%. Also, Alaska Air Group (ALK) is down -0.60%.
Energy producers and service providers are moving higher today amid the +3% jump in WTI crude oil. Devon Energy (DVN) is up more than +3%, and APA Corp (APA), Occidental Petroleum (OXY), ConocoPhillips (COP), Exxon Mobil (XOM), and Phillips 66 (PSX) are up more than +2%. Also, Marathon Petroleum (MPC), Diamondback Energy (FANG), Chevron (CVX), and Valero Energy (VLO) are up more than +1%.
Dlocal Ltd (DLO) is down more than -8% after reporting Q1 EPS of 14 cents, below the consensus of 17 cents.
NU Holdings Ltd (NU) is down more than -6% after reporting Q1 revenue of $4.97 billion, weaker than the consensus of $5.04 billion.
Figma Inc. (FIG) is up more than +15% after raising its full-year revenue forecast to $1.42 billion to $1.43 billion from a previous estimate of $1.37 billion, stronger than the consensus of $1.37 billion.
Dexcom (DXCM) is up more than +8% to lead gainers in the S&P 500 after Elliott Investment Management took a stake in the company and struck a settlement that will put two independent directors on the board.
Papa John’s International (PZZA) is up more than +4% after Reuters reported that Irth Capital is working to take the company private.
Microsoft (MSFT) is up more than +3% to lead gainers in the Dow Jones Industrials after Pershing Square said it has built a new stake in the company.
C.H. Robinson Worldwide (CHRW) is up more than +3% after Citigroup upgraded the stock to buy from neutral with a price target of $199.
Earnings Reports(5/15/2026)
Actuate Therapeutics Inc (ACTU), Arrive AI Inc (ARAI), ARS Pharmaceuticals Inc (SPRY), Bright Minds Biosciences Inc (DRUG), Falcon's Beyond Global Inc (FBYD), Gossamer Bio Inc (GOSS), Lument Finance Trust Inc (LFT), Maui Land & Pineapple Co Inc (MLP), NexPoint Diversified Real Estate Trust (NXDT), Picard Medical Inc (PMI), RBC Bearings Inc (RBC), Smith-Midland Corp (SMID).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
- Figma Jumps as Results Ease AI Disruption Concerns
May 15, 2026 · youtube.com
Figma shares rose after the creative software platform reported first-quarter results that beat expectations and raised its full-year forecast, with analysts saying the report eased concerns about AI-related disruption. Figma CEO Dylan Field joins Bloomberg's Caroline Hyde and Ed Ludlow on "Bloomberg Tech.
- Stocks Tumble on Inflation Jitters
May 15, 2026
The S&P 500 Index ($SPX) (SPY) today is down -1.17%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.96%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -1.64%. June E-mini S&P futures (ESM26) are down -1.07%, and June E-mini Nasdaq futures (NQM26) are down -1.48%.
Stock indexes are tumbling today, weighed down by a broad selloff in global bond markets amid soaring crude oil prices that are fueling inflation fears. Doubts over whether oil supplies from the Middle East will normalize anytime soon have pushed WTI to a 1.5-week high today, as peace talks between the US and Iran remain in limbo and the Strait of Hormuz remains closed. The soaring crude prices are sending bond yields spiking globally, with the Japanese 10-year JGB bond yield jumping to a 29-year high, the 10-year UK Gilt yield surging to an 18-year high, the 10-year German bund yield rising to a 15-year high, and the 10-year T-note yield climbing to an 11.75-month high of 4.57%. Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.
Stock indexes extended their losses today after bond yields climbed further on hawkish US economic news showing the May Empire manufacturing survey general business conditions unexpectedly rose +8.6 to a 4-year high of 19.6, stronger than expectations of a decline to 7.2. Also, Apr manufacturing production rose by +0.6% m/m. stronger than expectations of +0.2% m/m and the largest increase in 14 months.
WTI crude oil prices (CLM26) are up sharply by more than 3% today, at a 1.5-week high, as talks to end the Iran war remain in limbo. The Strait of Hormuz remains essentially closed, as about a fifth of the world’s oil and liquefied natural gas transits through the strait. On Wednesday, the International Energy Agency (IEA) said in a monthly report that global oil inventories declined at a rate of about 4 million bpd in March and April, and the market will remain “severely undersupplied” until October even if the conflict ends next month. Goldman Sachs estimates that the current disruption has drawn down nearly 500 million bbl from global crude stockpiles, with the drawdown potentially reaching 1 billion bbl by June.
The markets are discounting a 2% chance of a -25 bp FOMC rate cut at the next FOMC meeting on June 16-17.
Earnings reports thus far in this reporting season have been supportive of stocks. As of today, 83% of the 454 S&P 500 companies that reported Q1 earnings have beaten estimates. Q1 S&P 500 earnings are projected to climb +12% y/y, according to Bloomberg Intelligence. Stripping out the technology sector, Q1 earnings are projected to increase around +3%, the weakest in two years.
Overseas stock markets are sharply lower today. The Euro Stoxx 50 is down -1.75%. China's Shanghai Composite fell to a 2-week low and closed down -1.02%. Japan's Nikkei Stock Average dropped to a 1-week low and closed down -1.99%.
Interest Rates
June 10-year T-notes (ZNM6) today are down by -23 ticks. The 10-year T-note yield is up +8.4 bp to 4.566%. Jun T-notes slumped to an 11.75-month low today, and the 10-year T-note yield jumped to an 11.75-month high of 4.569%. Soaring crude oil prices today are raising inflation expectations and weighing on T-note prices, with WTI crude oil up more than +3% at a 1.5-week high. Bond markets are under pressure globally amid intensifying fears that surging energy prices from the war in the Middle East will force central banks to tighten monetary policy. T-notes added to their losses today after the May Empire manufacturing survey general business conditions unexpectedly rose to a 4-year high.
European government bond yields are moving higher today. The 10-year German Bund yield rose to a 15-year high of 3.143% and is up +9.9 bp to 3.142%. The 10-year UK gilt yield jumped to a nearly 18-year high of 5.172% and is up +16.9 bp to 5.163%.
Swaps are discounting an 88% chance of a +25 bp ECB rate hike at its next policy meeting on June 11.
US Stock Movers
Chipmakers are sliding today as they give back some of this week’s rally that pushed the S&P 500 and Nasdaq 100 to new record highs. ARM Holdings Plc (ARM) is down by more than -7% to lead losers in the Nasdaq 100, and Intel (INTC) is down more than -7%. Also, Lam Research (LRCX), ASML Holding NV (ASML), and Micron Technology (MU) are down more than -5%, and Nvidia (NVDA) is down more than -4% to lead losers in the Dow Jones Industrials. In addition, Advanced Micro Devices (AMD), KLA Corp (KLAC), and Broadcom (AVGO) are down more than -3%, and Marvell Technology (MRVL), Microchip Technology (MCHP), Applied Materials (AMAT), and Texas Instruments (TXN) are down more than -2%.
Mining stocks are retreating today amid plunging gold, silver, and copper prices. Hecla Mining (HL), Coeur Mining (CDE), and Anglogold Ashanti Ltd (AU) are down more than -7%, and Freeport McMoRan (FCX) and Southern Copper (SCCO) are down more than -6%. Also, Barrick Mining (B) and Newmont Corp (NEM) are down more than -5%.
Airlines and cruise line operators are under pressure today, as a +3% jump in WTI crude oil to a 1.5-week high raises fuel costs and dampens the companies’ earnings prospects. United Airlines Holdings (UAL), Delta Air Lines (DAL), and Carnival (CCL) are down more than -2%. Also, Royal Caribbean Cruises (RCL), Norwegian Cruise Line Holdings (NCLH), American Airlines Group (AAL), Alaska Air Group (ALK), and Southwest Airlines (LUV) are down more than -1%.
Energy producers and service providers are moving higher today amid the +3% jump in WTI crude oil. Occidental Petroleum (OXY) is up more than +2%, and ConocoPhillips (COP), Devon Energy (DVN), Phillips 66 (PSX), Marathon Petroleum (MPC), Diamondback Energy (FANG), and Chevron (CVX) are up more than +1%.
Dlocal Ltd (DLO) is down more than -8% after reporting Q1 EPS of 14 cents, below the consensus of 17 cents.
NU Holdings Ltd (NU) is down more than -5% after reporting Q1 revenue of $4.97 billion, weaker than the consensus of $5.04 billion.
Figma Inc. (FIG) is up more than +11% after raising its full-year revenue forecast to $1.42 billion to $1.43 billion from a previous estimate of $1.37 billion, stronger than the consensus of $1.37 billion.
Dexcom (DXCM) is up more than +6% to lead gainers in the S&P 500 after Elliott Investment Management took a stake in the company and struck a settlement that will put two independent directors on the board.
Papa John’s International (PZZA) is up more than +5% after Reuters reported that Irth Capital is working to take the company private.
C.H. Robinson Worldwide (CHRW) is up more than +3% after Citigroup upgraded the stock to buy from neutral with a price target of $199.
Earnings Reports(5/15/2026)
Actuate Therapeutics Inc (ACTU), Arrive AI Inc (ARAI), ARS Pharmaceuticals Inc (SPRY), Bright Minds Biosciences Inc (DRUG), Falcon's Beyond Global Inc (FBYD), Gossamer Bio Inc (GOSS), Lument Finance Trust Inc (LFT), Maui Land & Pineapple Co Inc (MLP), NexPoint Diversified Real Estate Trust (NXDT), Picard Medical Inc (PMI), RBC Bearings Inc (RBC), Smith-Midland Corp (SMID). On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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