US stocks fall after Trump-Xi summit leaves investors ‘underwhelmed’
Trump-Xi Summit
No indication the 2 leaders resolved points of contention on trade or Iran
Investors sold American stocks on the morning of May 15 as concerns over higher oil prices and stickier inflation dampened sentiment. © Reuters
PAK YIU
May 16, 2026 00:35 JST
Updated on May 16, 2026 05:57 JST
NEW YORK — U.S. equities markets tumbled on Friday, dragged down by inflation worries and rising Treasury yields, after a summit between President Donald Trump and Chinese counterpart Xi Jinping ended with no major breakthroughs.
