Stocks slump as AI valuations and rising yields pressure markets
NewsBytes | May 19, 2026 10:39 PM CST
Blackstone Google $5B AI cloud project
Big news from Blackstone and Google (they're teaming up for a $5 billion AI cloud project) made rivals like CoreWeave and Nebius tumble in premarket trading.
Rising Treasury yields (the 10-year is now above 4.6%) are making investors even more cautious.
Meanwhile, Brent crude prices fell by 1% as tensions eased around Iran's nuclear talks, giving markets a bit of breathing room despite inflation worries.
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