US Stocks Fall from Records

2026-05-12 13:38 By Andre Joaquim 1 min. read

US equities fell from record highs on Tuesday after a hot April CPI report consolidated worries that higher energy prices may dent earnings prospectives.

The Nasdaq dropped more than 1%, while the S&P 500 and Dow were around 0.5% lower.

The headline inflation rate rose more than expected to a three-year high of 3.8%, backing bets that the Fed will not cut rates this year amid the risk of an inflationary shock against recent evidence of a robust labor market.

AI hyperscalers and major chip producers were both lower to halt their surge this month, with Tesla, Nvidia, Amazon, and Alphabet down more than 1%.

Chip and memory producers were also lower as South Korea mulled establishing a universal dividend for the recent surges in AI infrastructure stocks, pressuring Broadcom and AMD to fall 2%.

Meanwhile, telehealth company Hims & Hers plunged 15% after its first-quarter earnings report missed their expectations.



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The Dow Jones Index Opens 0.51% Lower
The Dow Jones Index is dropping 255 points. Leading the losses are Caterpillar (-2.56%), Goldman Sachs (-1.88%) and Boeing (-1.83%). Top gainers were Merck (1.48%), Walmart (1.46%) and J&J (1.15%).
2026-05-12
US Stocks Fall from Records
US equities fell from record highs on Tuesday after a hot April CPI report consolidated worries that higher energy prices may dent earnings prospectives. The Nasdaq dropped more than 1%, while the S&P 500 and Dow were around 0.5% lower. The headline inflation rate rose more than expected to a three-year high of 3.8%, backing bets that the Fed will not cut rates this year amid the risk of an inflationary shock against recent evidence of a robust labor market. AI hyperscalers and major chip producers were both lower to halt their surge this month, with Tesla, Nvidia, Amazon, and Alphabet down more than 1%. Chip and memory producers were also lower as South Korea mulled establishing a universal dividend for the recent surges in AI infrastructure stocks, pressuring Broadcom and AMD to fall 2%. Meanwhile, telehealth company Hims & Hers plunged 15% after its first-quarter earnings report missed their expectations.
2026-05-12
US Futures Hold Pullback
US equity futures maintained their pullback after a hot CPI report for April consolidated increasing concerns that higher energy prices may directly and indirectly dent earnings prospectives. Contracts for the S&P 500 and the Nasdaq 100 pulled back up to 1%, while those for the Dow were close to the flatline. Headline inflation in the US rose to a three-year high of 3.8%, above expectations, to underscore the impact of higher fuel inflation in general price growth. The Federal Reserve is not expected to deliver another rate cut this year amid the risk of an inflationary shock, especially with the combination of robust labor data that has recently been published. AI hyperscalers and major chip producers were both lower pre-market to halt their surge this month, with Tesla, Nvidia, Amazon, and Alphabet down more than 1% premarket. Meanwhile, telehealth company Hims & Hers plunged 15% after its first-quarter earnings report missed their expectations.
2026-05-12