South Korea Financial Markets

Employees of Hana Bank celebrate in a photo-op to mark the Korea Composite Stock Price Index (KOSPI) of over 8,000 points at a dealing room of Hana Bank in Seoul, South Korea, Friday, May 15, 2026.

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Stock markets worldwide drop from records as worries about oil prices rattle the bond market

Stock markets worldwide drop from records as worries about oil prices rattle the bond market

The U.S. stock market is falling from its records and joining a worldwide drop for stocks, as higher oil prices send a shiver through the bond market. The S&P 500 fell 1.1% Friday from its all-time high. The Dow Jones Industrial Average dropped 426 points, and the Nasdaq composite sank 1.8% from its own record. Technology stocks led the market lower, particularly AI winners. They had shot so high that some critics said they had gone too far. Oil prices continued rising as the war with Iran drags on. Yields jumped in the bond market on worries about how much more it will worsen inflation.