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Wall Street Slips as Middle East Inflation Fears Hit AI Stock Rally

Wall Street Slips as Middle East Inflation Fears Hit AI Stock Rally

Last updated: May 16, 2026 7:48 am
By
Owen Evans
1 Min Read
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Wall Street Slips as Middle East Inflation Fears Hit AI Stock Rally

A street sign for Wall Street is seen outside the New York Stock Exchange in Manhattan, New York City, on Dec. 28, 2016. Andrew Kelly/Reuters

Wall Street’s main indexes fell on Friday amid fears that the Middle East conflict could reignite inflation, threatening to stall the AI-driven rally that has powered U.S. stocks.

At 10 a.m. ET, technology was the biggest drag on the S&P 500, as eight of the index’s 11 major sectors traded lower.

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