Dow Futures Slip 65 Points as Chip Weakness and 4.587% Yields Stoke Inflation Fears
Updated
Updated · TradingView · May 19
Dow Futures Slip 65 Points as Chip Weakness and 4.587% Yields Stoke Inflation Fears
7 articles · Updated · TradingView · May 19
Dow futures fell 65 points early Tuesday, while S&P 500 futures lost 0.23% and Nasdaq 100 contracts dropped 0.46% as technology shares stayed under pressure.
Semiconductor weakness drove much of the move ahead of Nvidia’s earnings, with Micron down 1%, Seagate off 1.6% and Western Digital falling 2.3% as investors took profits after a strong run.
Treasury markets offered only limited relief: the 10-year yield eased 5.4 basis points to 4.587% after earlier hitting 4.618%, its highest since February 2025, keeping pressure on growth-stock valuations.
Oil added to the inflation backdrop even after a pullback, with US crude down 1.5% to $110.25 a barrel and Brent also off 1.5% but still above $110 amid unresolved US-Iran tensions.
Attention now turns to Wednesday’s Fed minutes and Nvidia results, while Walmart earnings may show how higher energy costs and inflation are affecting US consumers and corporate outlooks.
With tech stocks tumbling, can Nvidia’s projected $1 trillion in AI orders defy the market’s inflation and interest rate fears?
Caught between an oil price shock and recession risk, can the Federal Reserve steer the economy to a soft landing?
As a fragile US-Iran ceasefire nears its end, will soaring oil prices or a wider conflict pose the greater economic threat?