# Futures linked to the Nasdaq and the S&P 500 fell up to 1.5 percent on Friday.

*genai · news · 2026-05-15 · Moneycontrol*

## Key points

- The 10-year US Treasury yield hit 4.54 percent, its highest since early June 2025.
- Nasdaq-100 futures dropped 1.46 percent, indicating a sharp loss of AI-driven rally momentum.
- Applied Materials shares fell 1.95 percent premarket despite positive third-quarter revenue guidance.
- The US-China summit ended without any major diplomatic or economic breakthrough on Friday.
- KOSPI slumped over 6 percent, marking a significant decline among Asian markets.

**Companies:** Applied Materials, Delta Air Lines, United Airlines, Southwest Airlines, Alaska Air Group
**Countries:** United States, China, Iran, South Korea

[Read the full story on Moneycontrol](https://www.moneycontrol.com/news/business/markets/dow-s-p-500-slide-up-to-1-5-as-inflation-fears-drive-10-year-treasury-yield-to-highest-since-june-2025-13920515.html)

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