US Stocks Retreat from Records
2026-05-15 13:32
By
Andre Joaquim
1 min. read
US equities fell from records on Friday as high energy prices and the risk of a hawkish Federal Reserve retook the forefront.
The S&P 500 fell 1% and the Nasdaq dropped 1.7%, while the Dow fell 0.7%.
The pullback was focused on AI hyperscalers and infrastructure companies after a batch of strong earnings and guidances extended their speculative surge this week.
Nvidia, Tesla, Amazon, Oracle, and Alphabet fell up to 4%.
Broader sectors were also pressured by increasing concerns of energy-driven inflation and the outlook of restrictive interest rates by the Fed as robust economic data strengthens the argument for hawkish dissenters.
Recently, jobless claims remained low and the control group of retail sales rose sharply, while producer inflation surged.
Meanwhile, Boeing extended its 5% plunge from yesterday after news of new orders from Chinese airlines were around half of what was expected.
Also, recently IPOed Pershing Square fell 1% after disclosing a stake in Microsoft.