S&P 500 Slips 0.4% as Brent Rebounds 3% and 10-Year Yield Climbs to 4.60%

9 articles · Updated · The Associated Press · May 21

The S&P 500 fell 0.4% in early Thursday trading, with the Dow down 160 points and the Nasdaq off 0.5%, putting the benchmark on track for a fourth decline in five days.
Brent crude rose 3% to $106.48 a barrel and U.S. crude neared $100 as the Iran-U.S. stalemate kept uncertainty high over the Strait of Hormuz and Persian Gulf oil flows.
The 10-year Treasury yield edged back up to 4.60% from 4.57% a day earlier, reviving pressure on stocks as higher rates threaten borrowing, mortgages and AI data-center spending.
Nvidia's revenue jumped 85% and profits more than tripled, but its latest blowout report failed to restart the tech rally; Walmart shares slid 2% after a weaker-than-hoped outlook.
Brent remains far above its roughly $70 prewar level, underscoring how the late-February Iran conflict is still driving inflation fears, bond yields and broader market volatility.

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