<div id="readability-page-1" class="page">12:35 PM EDT, 05/15/2026 (MT Newswires) -- US equity indexes fell amid a surge in government bond yields and crude oil futures in midday trading as investors weighed the outcome of the China summit.The Nasdaq Composite fell 1.2% to 26,321.9, while the S&amp;P 500 and Dow Jones Industrial Average both lost 0.9% to 7,432.4 and 49,598.9, respectively.All sectors except energy fell. Materials, industrials, and utilities led the decliners.A summit between US President Donald Trump and his Chinese counterpart, Xi Jinping, ended with mixed messages, the Wall Street Journal reported. Trump reportedly told Fox News the United States does not need to see the Strait of Hormuz reopen, then told reporters both he and Xi want to see the Iran war end, while also saying Hormuz needs to reopen as soon as possible.&#34;The market could be pinning too much hope on the US-China talks yielding some positive results on Iran,&#34; ING Bank said in a note. &#34;Some hope that China could exert pressure on Iran to reach a deal with the US, to end the war, and lead to a resumption of energy flows through the Strait of Hormuz.&#34;US Treasury yields surged, with the 10-year up 12.6 basis points to 4.59% and the two-year higher by 8.9 basis points to 4.08%.West Texas Intermediate crude oil futures surged 4% to $105.23, and Brent crude futures jumped 3.5% to $109.42. MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.</div>

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US equity indexes declined as Treasury yields surged and crude oil prices rose, with the Nasdaq Composite down 1.2% and both the S&P 500 and Dow Jones Industrial Average falling 0.9%. The market reacted to mixed messages from the US-China summit regarding the Iran war and energy flows through the Strait of Hormuz. Treasury yields increased significantly, with the 10-year at 4.59% and West Texas Intermediate crude oil futures rising 4% to $105.23.

- US equity indexes declined as government bond yields surged and crude oil futures increased amid investor reactions to the China summit.  
- The Nasdaq Composite fell 1.2% to 26,321.9, with the S&P 500 and Dow Jones Industrial Average both losing 0.9%.  
- A summit between US President Trump and Chinese President Xi Jinping produced mixed signals, leading to speculation about US-China negotiations impacting the Iran conflict and energy flow through the Strait of Hormuz.

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US Equity Indexes Drop as Soaring Treasury Yields, Surging Crude Oil Hit Risk Sentiment