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Daily Market Coverage – May 19, 2026 9AM-11AM (ET)
Rising Treasury yields continued to put pressure on stocks, as the benchmark 10-year rate (^TNX) climbed above 4.6% again early Tuesday. Worries about higher inflation have lifted bond yields, as blockades in the Strait of Hormuz spurred a rally in oil prices.
Wall Street is debating whether the Federal Reserve will hike interest rates to get inflation under control. That’s seen as putting the appetite for growth stocks at risk, with high-flying AI stock valuations particularly in focus.
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