US Stock Market Today: Live Updates 13.05.2026
LIVEMarkets rolling coverageStarted: May 13, 2026, 12:00 AM EDTUpdated: May 13, 2026, 11:59 PM EDT Commonwealth Bank Shares Plunge $30 Billion Amid Market Reset Concerns May 13, 2026, 11:59 PM EDT. Commonwealth Bank's share price dropped 10%, erasing nearly $30 billion in value after a modest 4% profit rise was overshadowed by increased bad debt provisions. Analysts warn this decline signals broader structural cracks in the Australian equities market, with previous overvaluations driven by superannuation fund inflows and ETFs. Senior analyst Filip Tortevski predicts a possible 50% share slide to $95-$100 if growth reverts to sustainable levels. The recent momentum-driven