Stocks slump as AI valuations and rising yields pressure markets
NewsBytes | May 19, 2026 10:39 PM CST
Blackstone Google $5B AI cloud project
Big news from Blackstone and Google (they're teaming up for a $5 billion AI cloud project) made rivals like CoreWeave and Nebius tumble in premarket trading.
Rising Treasury yields (the 10-year is now above 4.6%) are making investors even more cautious.
Meanwhile, Brent crude prices fell by 1% as tensions eased around Iran's nuclear talks, giving markets a bit of breathing room despite inflation worries.
READ NEXT
-
Delhi man sentenced to life arrested after jumping parole 24 years ago
-
BJP govt in Bengal will be of nationalists: Suvendu
-
Hospitalisation reports of Amitabh Bachchan leave fans concerned
-
Soldier Moves Delhi HC Against Dhurandhar, Alleges Ranveer Singh Film Violates Official Secrets Act
-
Samsung & Google Revealed Smart Glasses At Google I/O: Here's What They Can Do
