Equity Markets Rebound Following Fed Minutes; Yields Tumble

Fidelity
2026.05.20 20:30
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US stocks rebounded as traders analyzed the Federal Reserve's latest meeting minutes, with the Nasdaq up 1.5%, S&P 500 up 1.1%, and Dow Jones up 1.3%. Fed officials indicated potential interest rate hikes if inflation remains above 2% due to ongoing Middle East conflicts. Treasury yields fell, with the 10-year yield down to 4.58%. Airlines and cruise operators saw significant gains, while Hasbro and Target shares declined. Gold and silver prices increased slightly.