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US Stocks Climb, Semis Jump, Fed Hike Odds 37%

5/20/2026

37 4 Full Breakdown

Summary

Wall Street Rises

US stock indices rose: S&P 500 +0.99% -> 7,426.44; Nasdaq +1.39% -> 26,230.44; Dow +1.08% -> 49,894.89.
Semiconductor index +2.9% as Nvidia +2%, Marvell +7.8%, Intel +6.3% and Micron +3.6% rose.
Treasury 10-yr yield fell to 4.588% with WTI $99 and Brent $105.
CME FedWatch showed a 37% chance of a 25-bp hike in Dec as investors awaited Fed minutes while Target fell 4% after a macro warning and a doubled sales-growth forecast.

Summary

Japan GDP Surges

Japan’s first-quarter real GDP rose an annualised 2.1%, beating the 1.7% forecast and lifting the Topix 0.62%.
The Nikkei fell 1.39% to 60,604.15.
Seventy percent of the 1,600 prime-market stocks rose, showing a narrow tech pullback.
Advantest, SoftBank Group, Tokyo Electron and Kioxia fell 4.76%, 3.56%, 2.96% and 4.24%.
Mitsubishi UFJ and Mizuho Financial Group each rose over 3%.

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Wall Street Rises

US stock indices rose: S&P 500 +0.99% -> 7,426.44; Nasdaq +1.39% -> 26,230.44; Dow +1.08% -> 49,894.89.
Semiconductor index +2.9% as Nvidia +2%, Marvell +7.8%, Intel +6.3% and Micron +3.6% rose.
Treasury 10-yr yield fell to 4.588% with WTI $99 and Brent $105.
CME FedWatch showed a 37% chance of a 25-bp hike in Dec as investors awaited Fed minutes while Target fell 4% after a macro warning and a doubled sales-growth forecast.

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