Nasdaq leads market losses as oil prices and yields rise
The Nasdaq and S&P 500 fell Monday as rising yields and oil prices fueled inflation fears. Investors took profits in tech stocks ahead of Nvidia results.
The Nasdaq Composite fell 0.51% on May 18 as rising Treasury yields and energy costs sparked profit-taking in technology shares. The S&P 500 also slipped 0.07%, while the Dow Jones Industrial Average rose 0.32% to 49,686.12. Investors are weighing the impact of geopolitical friction on long-term inflation and borrowing costs.
### Yields and Oil Pressure Tech Valuations The 10-year Treasury yield reached its highest level since February 2025 during the morning session. This surge followed concerns that disruptions in the Strait of Hormuz would keep inflation elevated. West Texas Oil settled up more than 3% before paring gains overnight.
