News Bulletin
Tuesday, May 19, 2026
Evening Edition

Economic Numbers:

Time	Event	Actual	Forecast	Previous
Tuesday, May 19, 2026
8:00	Fed Waller Speaks
8:15	ADP Employment Change Weekly	42.25K		33.00K
10:00	Pending Home Sales (MoM) (Apr)	1.40%	1.00%	1.70%

Indices

	CLOSE	50 DMA	200 DMA
DJIA	49,363.88	48,066.16	47,514.68
NASDAQ	25,870.71	23,703.47	23,008.23
S&P 500	7,353.61	6,941.64	6,792.06

Earnings Calendar:

(EPS: Earning Per Share / Rev: Revenue / Mkt Cap: market Capital/ BMO: Before Market Opening /AMC: After Market Close)

COMPANY	EPS Act	EPS Fore	Rev Act	Rev Fore	Mkt Cap	Time
Home Depot HD:US	3.43	3.41	41.77B	41.59B	$297.81B	AM
Keysight Technologies KEYS:US		2.31		1.7B	$58.34B	PM
Toll Brothers TOL:US		2.59		2.41B	$13.23B	PM
Masimo MASI:US		1.43		398.65M	$9.47B	AM
Chart Industries GTLS:US		2.47		1.12B	$8.76B	AM
Aimco AIV:US					$7.57B	PM
Eagle Materials EXP:US	1.91	1.65	479.1M	450.56M	$6.77B	AM
HUB HUBG:US		0.39		885.76M	$2.38B	PM
Veris Residential CLI:US				67.94M	$1.76B	PM

Market News:

Wall Street ended lower on Tuesday, driven down by a lack of any breakthroughs between Washington and Iran and a resumption of a global bond sell-off. Technology stocks slipped a day ahead of industry bellwether Nvidia’s quarterly earnings, though they closed well off their session lows.

The benchmark S&P 500 index settled 0.6% lower at 7,355.45 points, having earlier fallen as much as 0.9%. The tech-heavy NASDAQ Composite shed 0.8% to conclude at 25,870.71 points, eating into a slide of as much as 1.5%. The blue-chip Dow Jones Industrial Average declined 0.7% to finish at 49,364.31 points, cutting into a decrease of as much as 0.9%.

"Profit taking is underway today as investor concerns about inflation continue to rise. The sell-off in global bonds is keeping pressure on equities. Cloud companies are under pressure after Google and Blackstone announced a joint venture to create data centers using Google TPUs. Memory, storage, and semiconductor stocks are bouncing back following yesterday’s pullback

Trump says was an ’hour away’ from attacking Iran

Developments in the Middle East continued to grab a chunk of the spotlight, after President Donald Trump on Monday said he had called off carrying out fresh attacks on Iran, following a request from three Gulf leaders.

The president claimed in a social media post that "serious negotiations are now taking place," adding that, "in the opinion" of the Gulf authorities, a "Deal will be made, which will be very acceptable to the United States of America, as well as all Countries in the Middle East, and beyond."

He said the agreement would include "NO NUCLEAR WEAPONS FOR IRAN!" -- although he flagged that he had ordered the U.S. military to remain prepared to launch a "full, large scale assault on Iran, on a moment’s notice" if an accord was not reached.

Trump on Tuesday told reporters that he was "an hour away" from striking Iran on Monday. "It would have been happening right now," the president said.

"I had made the decision. So they called up, they had heard I made the decision, they said ’Sir, could you give a couple of more days because we think they’re being reasonable,’" Trump said, referring to the Gulf leaders who had requested him to delay his attack.

The president said he was going to give Iran "two or three days" to come to the table to make a peace deal. "Maybe Friday, Saturday, Sunday, something, maybe early next week. A limited period of time," Trump added.

Iran’s state media on Tuesday said Tehran had sent a peace proposal to the U.S. which would stop hostilities in all fronts their conflict, including in Lebanon, and seek reparations for damage caused by the conflict.

Tehran’s plan also calls for U.S. forces to exit areas close to Iran, as well as the removal of sanctions, the unfreezing of funds, and the end to an American blockade of Iranian ports, the IRNA news agency said.

Citing a Pakistani source, Reuters reported that Islamabad had shared Iran’s proposal with the U.S. Pakistan has been a frequent intermediary between both sides since the start of the conflict in late February.

Notably, Iran’s latest offer does not appear to be substantially different from prior terms that Trump described as "garbage" last week, Reuters added.

Against this backdrop, oil prices were mixed on Tuesday, with Brent crude futures, the global benchmark, last down 0.6% to $111.43 a barrel.

Bessent calls for help to disrupt Iran’s finances

Elsewhere, U.S. Treasury Secretary Scott Bessent on Tuesday noted several factors that play a part in financing terrorism, from shell companies in Europe to shadow banking networks across the Middle East and drug cartels in the west.

"Treasury has deprived the Iranian regime of revenue for their weapons programs, terrorist proxies, and nuclear ambitions," Bessent said in prepared remarks at a meeting of G7 finance ministers and central bank governors.

"We have disrupted tens of billions in the regime’s projected oil revenue. We have taken actions to freeze nearly half a billion in regime-linked cryptocurrency, and disrupted hundreds of billions in Iran’s illicit financial flows. And we have intensified our crackdown on Tehran’s shadow banking networks," he added.

The Treasury Secretary also called on European allies to help in disrupting Iran’s finances.

"As the United States targets the financial networks that enemy actors use to perpetrate terror, we trust that your participation here today reflects a readiness to stand with us in full measure. That will require, for example, our European partners to join the United States in taking action against Iran by designating its financiers, unmasking its shell and front companies, shuttering its bank branches, and dismantling its proxies," Bessent said.

"It will require those of you in the Middle East and Asia to root out Iran’s shadow banking networks. And it will require our partners around the globe to respond with force to the array of terrorists that we face—from Hizballah to the Sinaloa Cartel," he added.

AI trade in focus ahead of Nvidia’s results

Away from the Middle East, market participants were focused on Nvidia’s quarterly earnings scheduled for Wednesday. Shares of the world’s largest chipmaker ended 0.8% lower, pulling the overall technology sector into the red. However, several chip stocks advanced, such as Marvell Technology and Arm.

A rally in tech stocks on the back of the artificial intelligence trade has played a major role in helping the broader U.S. stock market return to record highs despite the ongoing Middle East conflict. Nvidia, being the market leader in making chips that power AI processes, will be a major litmus test of this AI trade.

"Nvidia’s earnings will help set the tone for a stock market that is in need of its next catalyst after an incredible run since the March lows. The stock market’s next catalyst takes on greater importance during a time like now when the stock market is a bit tired from its recent gains and as it faces some renewed worries about rising bond yields and the possibility of a Federal Reserve interest rate hike due to a resurgence of inflation," Paul Stanley, chief investment officer at Granite Bay Wealth Management, said.

Speaking of bond yields, U.S. Treasuries resumed a sell-off on Tuesday after a bit of a breather in the previous session. Yields have soared across the globe and several benchmark instruments have set "highest ever" milestones as traders have raised their expectations of interest rate hikes by central banks to combat the inflationary shock emerging from surging oil prices.

"Stocks are finding it quite difficult, if not impossible, to ignore higher bond yields and reduced expectations for rate cuts. Friday’s bond market selloff seemed to remove stock traders’ ability to shrug off rising yields and oil prices, and that was generally part of the trend from Friday morning through this morning," Steve Sosnick, chief strategist at Interactive Brokers, told Investing.com.

"That said, it hasn’t fully removed traders’ tendency to see dips as buying opportunities, and in the past hour or so we have seen SPX rise from its early lows to flirt with unchanged levels as yields fell slightly. The test this afternoon will be to see if the recent bump can hold," Sosnick added.

The benchmark U.S. 10-year yield was last up 4 basis points to 4.667%, its highest level since January 2025. Meanwhile, the longer-end U.S. 30-year yield was up 3 basis points to 5.180%, levels not seen since 2007. Rising yields historically tend to have an outsized effect on technology stocks because their massive valuations rely heavily on profits expected in the future.

"The reason Nvidia’s earnings are important is because for a stock this large, investors need some reassurance that the AI story is still alive and well and that the company is producing enough revenue growth to back up its elevated valuation. We believe that Nvidia will report financial results that justify its valuation, which is just what the stock market is looking for given the company’s oversized weighting in the broader market," Stanley added.

Home Depot sees consumer resilience

Turning to individual stocks, Home Depot said that homeowner shoppers are continuing to buy products from the do-it-yourself chain, despite headwinds from accelerating gasoline-pump prices.

Speaking to CNBC, CFO Richard McPhail said that the homeowner is "perhaps more protected financially than other customer cohorts," although he flagged that customers are engaged "up to a certain point."

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