Crude Oil Gains Over 2%; US Homebuilder Sentiment Increases In May - Design Therapeutics (NASDAQ:DSGN), F
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Summary
Dow falls over 100 points, NASDAQ down 1.20% and S&P 500 down 0.64%. Energy shares surge, tech stocks drop. NAHB/Wells Fargo Housing Market Index up to 37.
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Shocking stat of the day:
— The Kobeissi Letter (@KobeissiLetter) May 18, 2026
Semiconductor stocks have accounted for more than half of the S&P 500's +8% year-to-date gain, or +563 index points.
NVIDIA, $NVDA, alone has contributed +110 index points to the S&P 500.
This is followed by Micron, $MU, at +58 points, Broadcom,… pic.twitter.com/BtfGFZc2Ee
THE STOCK MARKET IS DOING GREAT!
— Discover Crypto (@DiscoverCrypto) May 18, 2026
Is it?
It’s just this small handful of tech stocks that are doing great.
👇🏼👇🏼👇🏼👇🏼 https://t.co/cwRyLwaKRv