US Stocks Pull Back

2026-05-21 13:36 By Andre Joaquim 1 min. read

US equities were firmly lower on Thursday as Treasury yields rebounded and results from Nvidia failed to extend the rally for AI companies.

The S&P 500 and the Dow fell 0.5%, while the Nasdaq 100 dropped 0.7%.

Nvidia shares hovered near the flatline despite beating earnings expectations and increasing its dividend, as its guidance for the upcoming quarter did not meet the upper range of analysts estimates, which were common in past quarters.

Meanwhile, Intuit was 15% down as it would reduce its workforce by 17%.

In turn, Walmart was 2% down after despite beating the headline earnings metrics for the last quarter, pressured by a warning that higher fuel costs may hurt the business if sustained for longer.

Optimism over restored exports of Middle East energy eased from yesterday's session, lifting yields and pressuring broader equities. Despite broad pressure in the financial sector, reports that Goldman Sachs will lead SpaceX's IPO lifted their shares to a record high.



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2026-05-21
US Stocks Pull Back
US equities were firmly lower on Thursday as Treasury yields rebounded and results from Nvidia failed to extend the rally for AI companies. The S&P 500 and the Dow fell 0.5%, while the Nasdaq 100 dropped 0.7%. Nvidia shares hovered near the flatline despite beating earnings expectations and increasing its dividend, as its guidance for the upcoming quarter did not meet the upper range of analysts estimates, which were common in past quarters. Meanwhile, Intuit was 15% down as it would reduce its workforce by 17%. In turn, Walmart was 2% down after despite beating the headline earnings metrics for the last quarter, pressured by a warning that higher fuel costs may hurt the business if sustained for longer. Optimism over restored exports of Middle East energy eased from yesterday's session, lifting yields and pressuring broader equities. Despite broad pressure in the financial sector, reports that Goldman Sachs will lead SpaceX's IPO lifted their shares to a record high.
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