[New York Stock Exchange] Dow rebounds alone as Treasury yields rise; NVIDIA falls 1.7%
- Input
- 2026-05-19 05:33:51
- Updated
- 2026-05-19 05:33:51
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The three major U.S. stock indexes closed mixed on the 18th (local time).
Investor sentiment weakened as the yield on the U.S. 10-year Treasury note, a key benchmark for market rates, surged to its highest level in 15 months early in the session.
Only the Dow Jones Industrial Average, made up of 30 blue-chip stocks, ended higher, while the S&P 500 and the NASDAQ Composite Index, which have a heavier technology weighting and are more sensitive to interest-rate expectations, extended their losses for a second straight session.
Meanwhile, NVIDIA fell 1.7% ahead of the market close on the 20th, as disappointment grew over the lack of results from CEO Jensen Huang's trip to China.
Memory chip maker Micron dropped another 6% on the day, following a 6.6% plunge on the 15th.
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Dow rebounds alone
\r\nAlthough the three major indexes struggled throughout the session, the Dow managed to turn higher late in the day.
The rebound came after U.S. President Donald Trump said he had ordered a delay to a planned attack on Iran that had originally been scheduled for the 19th.
The Dow Jones Industrial Average closed at 46,986.12, up 159.95 points, or 0.32%, from the previous session.
The S&P 500 and the NASDAQ narrowed their losses but failed to recover. The S&P 500 ended down 5.45 points, or 0.07%, at 7,403.05, while the NASDAQ closed at 26,090.73, down 134.41 points, or 0.51%.
The CBOE Volatility Index (VIX), often called Wall Street's fear gauge, fell 0.62 points, or 3.36%, to 17.81.
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Semiconductor weakness
\r\nSemiconductor stocks performed particularly poorly.
Micron led the sector lower, tumbling $43.12, or 5.95%, to $681.54.
NVIDIA remained under pressure as exports of its H200 artificial intelligence chip to China are still blocked by Chinese restrictions. Although President Trump met with Chinese President Xi Jinping, approval from the Chinese side has not yet been granted.
Huang told Bloomberg Television in an interview that the Chinese market would open over time, but the remarks had little impact.
NVIDIA closed at $222.32, down $3.00, or 1.33%.
AMD fell $3.11, or 0.73%, to $420.99, while Broadcom dropped $4.48, or 1.05%, to $420.71.
Intel, which had plunged 6.2% on the 15th, steadied somewhat after Trump renewed his support for the company. It closed at $108.17, down $0.60, or 0.55%.
The iShares Semiconductor ETF (SOXX) fell $12.65, or 2.49%, to $495.87.
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Big tech mixed as Dominion jumps 9%
\r\nBig tech stocks ended mixed.
Alphabet fell $0.21, or 0.05%, to $393.11, and Apple closed at $297.84, down $2.39, or 0.80%.
\r\nTesla closed at $409.99, down $12.25, or 2.90%, as SpaceX's listing process is expected to begin this week.
By contrast, Microsoft rose $1.62, or 0.38%, to $423.54, and Palantir gained $1.15, or 0.86%, to $135.14.
Dominion Energy, the utility company NextEra agreed to acquire, surged $5.83, or 9.44%, to $67.56.
NextEra, the acquirer, fell $4.32, or 4.63%, to $89.04.
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dympna@fnnews.com Song Kyung-jae Reporter