Wednesday, 20 May 2026: Bond Spike Triggers Third Straight Drop

About this episode

The episode discusses the impact of rising bond yields on US equity markets, leading to declines in major indices and notable stock movements.

A fresh jump in bond yields weighed on US equity markets , with the S&P500 and Nasdaq booking a third straight session of declines – Dow lost -322-points or -0.65% . Cisco Systems Inc (down -2.94%) and Boeing Co (-2.54%) fell over >2.5%, while Amazon.com Inc (-2.08%) and 3M Co (-2.08%) fell over >2%. Walmart Inc (up +0.64% to US$134.20) set record intra-day (US$135.155) and closing highs, with the world's largest retailer skated to post its first quarter result on Thursday night AEST (21 May) .

Topics covered

• bond yields
• US equity markets
• S&P500
• Nasdaq
• Walmart earnings
• stock market decline

Keywords

• bond yields
• US equity markets
• S&P500
• Nasdaq
• Walmart
• Cisco
• Boeing
• Amazon
• 3M

Mentioned in this episode

Organizations: Cisco Systems Inc, Boeing Co, Amazon.com Inc, 3M Co, Walmart Inc

More episodes of Morgans AM

• Tuesday, 9 June 2026: US equity markets steadied following a sharp sell-off last Friday · June 8, 2026 · 7 min
• Friday, 5 June 2026: US equity markets firmer amid yet another bout of optimism around a resolution to the US-Iran conflict · June 4, 2026 · 6 min
• Thursday, 4 June 2026: Five Session Stretch Broken as US Markets Retreat · June 3, 2026 · 7 min
• Morgans AM Tuesday 2 June 2026 · June 1, 2026 · 7 min
• Friday, 29 May 2026: Markets UP as U.S. and Iran agreed to extend their ceasefire · May 29, 2026 · 5 min
• Wednesday, 27 May 2026: Tech Rally Powers Markets to New Highs Despite Global Uncertainty · May 26, 2026 · 7 min