Premarket: AI rally fizzles as Middle East ceasefire goes on ‘life support’
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Article Excerpt
TSX rises to three-week high as Mideast stalemate boosts oil
PUBLISHED MAY 12, 2026
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The S&P 500 and the Nasdaq closed lower on Tuesday, easing from record highs as hotter-than-expected inflation data and an increasingly tenuous U.S.-Iran ceasefire prompted investors to take money off the table near the end of a robust first-quarter earnings season.
Weakness in tech shares dragged the Nasdaq down the most, while health-care stocks, buoyed by a jump in Hum…
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