Tuesday, May 12, 2026

🐻 bearish
Market mood for Tuesday, May 12, 2026: Qualcomm's Plunge Wipes Out Tech Gains as Fears Grow
Snapshot:

Qualcomm's Plunge Wipes Out Tech Gains as Fears Grow

📈 Leading Sectors

  • Healthcare +1.96%
  • Consumer Staples +1.28%
  • Financial +0.78%

📉 Lagging Sectors

  • Industrial -0.39%
  • Consumer Discretionary -0.90%
  • Technology -1.51%

📝 Summary

The US markets closed with a bearish tone, as the Nasdaq and S&P 500 fell 0.71% and 0.16%, respectively, while the Dow managed a 0.11% gain. The technology sector was the biggest loser, with QCOM, INTC, and MSTR plummeting 11.5%, 6.8%, and 5.9%, respectively, amidst rising CPI inflation and chip stock declines.