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<body><p>STORY: Wall Street's main indexes retreated from AI-fueled record highs on Friday, with the Dow dropping 1%, the S&P 500 shedding one-and-a-quarter percent and the Nasdaq declining more than one-and-a-half percent.</p><p>Stocks moved lower as a jump in benchmark Treasury yields reflected surging energy prices and concerns about long-term inflation.</p><p>Leah Bennett is chief investment strategist at Concurrent Investment Advisors.</p><p>“Equities are trading down today primarily, I think, because people are disappointed not to see any sort of movement between Trump and Xi coming out of the summit regarding the conflict in the Middle East. So, oil is up another 4% today. We obviously saw an impact on the CPI (Consumer Price Index) and the PPI (Producer Price Index). And the longer that oil prices stay up, the longer we're going to have rising inflation. And this is the first time we've really seen the ten-year inflation expectations cross 2.5%. And historically, that's been very consistent with a period where the Fed had to increase interest rates.”</p><p>Friday marks Jerome Powell's last day as U.S. Federal Reserve chair. Incoming Chair Kevin Warsh is saddled with the potential need for a rate hike if a protracted Iran war leads to sticky inflation.</p><p>Among individual stock moves, the AI rally largely stalled, with Nvidia losing nearly 4.5%, AMD shedding more than 5.5% and Intel dropping more than 6%.</p><p>On the flip side, shares of Microsoft rose 3% following the disclosure of a new position in the company taken by Bill Ackman's hedge fund Pershing Square.</p><p>And shares of Ford slid about 7.5%, retreating from a near 21% surge over the last two sessions on optimism over the automaker's energy storage business.</p></body>
QCR Holdings’ first quarter stood out for stronger core deposits and higher spread income, but the earnings mix is more nuanced than the headline numbers suggest. LIHTC-linked capital markets revenue gives the bank another lever, making durability the key question after a stronger period.
Global stocks slumped and oil prices rose Friday with worries about sustained inflation driving up bond yields with no conclusion to the Iran war in sight."Today the catalyst is really the rally in bond yields, bond markets are under pressure as oil prices rise.
<body><p>STORY: U.S. stocks on Friday retreated from record highs that have been powered by AI-linked companies.</p><p>A day earlier, with the S&P 500 closing at an all-time high, "two-thirds of the stocks in the S&P 500 were actually down," said Bennett, adding that "nine percent of the S&P 500 actually hit 52-week lows."</p><p>Leadership this narrow often means the rally is "exhausted," she explained. "That'd be consistent with rates staying higher, the economy slowing, which is the environment that I think we're in."</p><p>"As far as areas to invest right now, I do think real assets are interesting - and real assets being more real estate itself, not necessarily a REIT," Bennett said, adding that precious metals are also "attractive in an environment like this."</p></body>
From commerce to culture, software is digitizing every aspect of our lives. Companies bringing it to life have been rewarded with high valuation multiples that make fundraising easier, but they have weighed on the returns lately as the industry has pulled back by 15.8% over the past six months. This drop is a far cry from the S&P 500’s 7.9% ascent.
Banks use their capital and expertise to help businesses grow while offering consumers essential financial products like mortgages and credit cards. Market leaders have certainly capitalized on rising interest rates and strong loan demand to boost profitability, helping fuel a 9.7% gain for the banking industry over the past six months - 1.7 percentage points higher than the S&P 500.
By Amanda Cooper and Karen Brettell LONDON/NEW YORK, May 15 (Reuters) - Bond markets are bracing for interest-rate pain in a way they haven't in decades, as investors assess the economic costs of the
Energy businesses quietly power the physical things we depend on, from cars and homes to e-commerce infrastructure. Their momentum is also rising as lower interest rates, as well as AI energy needs, have incentivized higher capital spending. As a result, the industry has posted a 37.1% gain over the past six months, beating the S&P 500 by 29.1 percentage points.
A surge in bond yields stalled the stock market's momentum on Friday, as investors braced for the possibility that the selloff in bonds may not be over yet. The S&P 500 was down 0.9%, while the Nasdaq Composite was 1% lower. Losses have accelerated over the past few hours as bond yields have shown no signs of calming down.
Advanced Micro Devices (AMD) has gained more than 100% year to date, according to Yahoo Finance at the time of writing, Friday morning, May 15. Meanwhile, the SPDR S&P 500 index (SPY) is up slightly below 10% in the same period. AMD has outpaced the S&P 500 by a huge margin. That is ...
