Dow Jones slides over 300 points as tech sell off deepens, higher bond yields, Iran tensions and foreign treasury cuts rattle global market sentiment

off; SpaceX IPO, Arsenal's triumph, Google I/O 2026 and more

Dow Jones falls over 300 points, Tech sell-off continues as higher yields dampen sentiments

US benchmark indices had another down day on Tuesday, May 19, as higher bond yields continued to fray investor sentiment, even as no concrete breakthrough was achieved in the ongoing negotiations between the US and Iran.

Foreign governments led by Japan, China liquidate US treasury holdings in March amidst Iran war

Foreign governments cut down on their US treasury holdings in March as the start of the Iran war forced them to liquidate some US Dollar reserves to protect their domestic currency. Overall holdings of US treasuries by foreign governments fell to $9.25 trillion at the end of March from $9.47 trillion in February, according to Treasury Department data.

SpaceX IPO: Goldman Sachs leads on cover; Bank of America, Citi, JPMorgan in lineup, says report

SpaceX's initial public offering (IPO) aims to raise up to $75 billion and seeks a valuation of over $2 trillion. It would easily overtake Saudi Aramco's 2019 $29.4 billion IPO at that magnitude.

Arsenal crowned Premier League champions for first time in 22 years

Arsenal ended their 22-year wait to win the Premier League title on May 19 when they were confirmed as champions following second-placed Manchester City's 1-1 draw at Bournemouth.

Google I/O 2026: AI push expands with universal cart, Gemini upgrades and voice features

Alphabet Inc. is accelerating its push into artificial intelligence, unveiling a wave of new AI-powered tools across its ecosystem, including Google products such as YouTube and Google Docs. Users will soon be able to ask questions directly on YouTube and create documents using voice commands, marking a deeper integration of generative AI into everyday workflows.

Hindalco shares will react to Novelis' optimistic commentary but concerns remain

Shares of Hindalco Industries Ltd. are in focus on Wednesday, May 20, after its wholly-owned subsidiary Novelis reported its fourth quarter results, wherein its operational numbers improved and the company guided for better times ahead.

JD Vance warns Iran nuke could spark global arms race, says US ‘locked and loaded’

US Vice President J D Vance has said Iran having an atomic weapon would trigger a “nuclear arms race” worldwide and asserted that the US was “locked and loaded” to restart military operations if Tehran failed to reach a peace deal.

India’s business reforms look good on paper, but companies still face old hurdles: Assocham

Businesses in India are still being forced to comply with outdated approval processes and demands from local officials despite multiple ease-of-doing-business reforms announced by governments, according to a recent industry body report.

India's engineers are world-class. Its funding for advanced tech startups isn't

India has world-class engineering talent and huge deeptech potential, but founders still struggle to raise long-term, high-conviction capital needed to build breakthrough companies.

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PM Modi is the politician I would most like to have dinner with: UK’s youngest mayor Tushar Kumar

Twenty-three-year-old Tushar Kumar, who recently became the youngest Indian-origin mayor in British history, has said Indian Prime Minister Narendra Modi is the world leader he would most like to meet over dinner.

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SpaceX IPO: Goldman Leads

Prospectus Expected As Early As May 21

Goldman Sachs Named Lead Underwriter; Morgan Stanley, BofA, Citi, JPMorgan

Google Kills The Blue Link Era

Biggest Search Overhaul In 25+ Years

Google’s AI Wearables Bet

Audio Glasses & New Model Unveiled At I/O 2026

Android XR Audio Glasses Launching Fall 2026; Partners: Samsung, Warby Parker, Gentle Monster

Karpathy Joins Anthropic

OpenAI Co-Founder Moves To Pre-Training Team

Microsoft’s Biggest India Data Centre