Trump Travels with Business Leaders to China – Kevin Warsh Confirmed as Fed Chair – Core Inflation Rises Sharply – Alphabet Launches AI Offensive with Laptops and Data Centers in Space – eBay Rejects Acquisition Offer – Boeing with Strongest Deliveries Since 2014 – Amazon Expands 30-Minute Delivery – Qualcomm Plummets After Chip Hype

On Tuesday, May 12, 2026, the US stock markets closed mixed, as hotter core inflation data and rising oil prices stalled the recent record rally in the technology sector. The Dow Jones rose by 0.1% to 49,760.56 points, while the S&P 500 fell by 0.2% to 7,400.96 points. The Nasdaq Composite dropped by 0.7% to 26,088.20 points, moving away from its record high the previous day. The persistent core inflation, higher yields, and concerns that energy prices could further escalate amid the Iran war notably weighed on the markets. The most significant...