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2026.5.12 U.S. Stock Market Overview
CPI sparks inflation concerns, Nasdaq and S&P 500 decline slightly.
1. VIXY closed down 2.33%, at 26.77.
2. U.S. stocks moved mixed. The S&P 500 index fell 11.88 points, down 0.16%, to 7400.96. The Dow Jones Industrial Average rose 56.09 points, up 0.11%, to 49,760.56. The Nasdaq declined 185.93 points, down 0.71%, to 26,088.20.
3. Tesla dropped 2.60%, Amazon and Microsoft fell 1.18%, Google A declined 0.33%, Nvidia rose 0.61%, Meta increased 0.69%, Apple gained 0.72%.
4. Nasdaq Golden Dragon China Index declined 0.7%. Among popular Chinese concept stocks, Kingsoft Cloud fell 6.1%, GDS dropped 4.7%, Baidu declined 3.9%, JD.com rose over 3%.
5. Semiconductor and optical communication sectors came under pressure. Qualcomm dropped over 11%, its worst single-day performance since March 2020; Intel and SanDisk fell over 6%, Micron Technology declined more than 3%, Western Digital and Seagate Technology saw slight declines.