Overnight Market Brief – 18 May 2026

US stock indexes finished the week lower as optimism surrounding large-cap technology and artificial intelligence (AI)-related stocks was largely outweighed by concerns around accelerating inflation, rising Treasury yields, elevated oil prices, and lingering geopolitical uncertainty. The S&P 500 closed at a record high on Thursday before pulling back on Friday by 1.24%, the largest single-day drop since March.

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