Today: 19 May 2026
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NASDAQ:LYFT 17 September 2025

Global Markets on Edge as Fed Rate Decision Nears: Asia Optimistic, West Cautious

Fed’s First Rate Cut Since 2024 Sparks Market Whiplash – Dow Rallies as Tech Stocks Tumble

The Federal Reserve cut interest rates by 0.25% to a 4.00%–4.25% range, its first reduction since December 2024, citing a weakening labor market. The Dow rose 0.6%, while the S&P 500 slipped and the Nasdaq fell as Powell’s cautious remarks cooled hopes for rapid easing. Treasury yields and the dollar climbed; gold briefly hit a record before retreating. Nvidia shares dropped on new China curbs, while Workday surged nearly 9% on activist news.

Stock Market Today

  • Infosys, TCS, Tech Mahindra Shares Rally Up to 6% on IT Sector Recovery
    May 19, 2026, 6:06 AM EDT. Indian major IT stocks rebounded sharply with Nifty IT index rising nearly 4% led by Coforge, Mphasis, Persistent Systems, Tech Mahindra, Infosys, and TCS. Shares like Coforge jumped 6%, while others gained 4-5%. The rally follows a prior selloff sparked by fears of artificial intelligence disrupting traditional IT outsourcing and slowing global demand. Market sentiment improved due to softer US Treasury yields, prospects of a less aggressive US interest-rate regime, and a weaker rupee supporting export revenues. Short covering and bargain hunting also fueled the rebound as investors sought quality tech firms with strong digital, cloud, and AI capabilities. Despite volatility risks, analysts see the correction as a potential buying opportunity given compressed valuations.

Latest articles

Virax Biolabs Shares Jumping Again Ahead of Nasdaq Open

Virax Biolabs Shares Jumping Again Ahead of Nasdaq Open

19 May 2026
Virax Biolabs shares surged 53.1% Monday to $0.2350 and climbed another 17.1% in early Tuesday premarket trading, hitting $0.2751. The rally followed a paid RedChip TV appearance and a May 15 ownership filing showing Armistice Capital with a 4.99% stake. No new clinical or product updates were posted. Trading volume Monday reached about 765.2 million shares.
Amesite Shares Rise Premarket After NurseMagic Signs Largest Client

Amesite Shares Rise Premarket After NurseMagic Signs Largest Client

19 May 2026
Amesite Inc. shares surged 218% to $2.50 in premarket trading after announcing its largest NurseMagic deployment with a 2,700-patient home-care client. The company disclosed $83,332 in quarterly revenue and a $678,061 net loss, with cash at $740,711 before a $2.2 million April financing. Amesite did not reveal the new contract’s value or customer name. Its latest filing cited “substantial doubt” about ongoing operations.
Alphabet Approaches $5 Trillion With Google AI Cloud Move Targeting Nvidia

Alphabet Approaches $5 Trillion With Google AI Cloud Move Targeting Nvidia

19 May 2026
Alphabet shares rose in pre-market trading Tuesday after Google and Blackstone announced a U.S. AI cloud venture, with Blackstone committing $5 billion to add 500 megawatts of data-center capacity by 2027. Alphabet’s Class A shares closed Monday at $396.94 and were quoted at $401.09 before the market opened. The move coincides with the first day of Google I/O and follows strong Q1 earnings.

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Applied Digital’s AI Stock Just Hit a Wall After Its $7.5 Billion Win

Applied Digital’s AI Stock Just Hit a Wall After Its $7.5 Billion Win

18 May 2026
Applied Digital shares fell about 10% to $38.30 in midday trading Monday, retreating from an earlier high of $42.75 as investors took profits and re-evaluated risk in AI-infrastructure stocks. The drop followed a recent rally driven by a $7.5 billion, 15-year lease with a major U.S. cloud customer and the spin-off of its ChronoScale unit. Broader market declines and rising Treasury yields also weighed on the stock.
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