US Stocks Fall Sharply
2026-05-15 20:08
By
Agna Gabriel
1 min. read
Stocks fell sharply on Friday as investors grew increasingly concerned about the impact of the prolonged conflict with Iran, particularly the risk that higher energy prices could further fuel inflation and keep interest rates elevated.
The S&P 500 lost 1.2%, the Nasdaq Composite dropped 1.5% and the Dow Jones fell 1.1%.
Investors took profits in the technology sector following strong recent gains.
Intel declined 5%, while Advanced Micro Devices and Micron Technology fell 3% and 4%, respectively.
Nvidia lost 2%, and Cerebras Systems dropped 4% after surging 68% in the previous session following its Nasdaq debut.
Microsoft outperformed, rising 4% after Bill Ackman revealed that Pershing Square had built a position in the company.
Boeing shares also extended losses, falling 3% after dropping nearly 5% a day earlier, as investors reacted negatively to Trump’s announcement that China agreed to purchase 200 Boeing jets, only modestly above prior expectations.