📌 Market Recap | May 12, 2026 🔹 Tech and chip stocks sold off as inflation fears and rising oil pressured risk assets. Nasdaq fell nearly 1%, while semis dropped 3%. 🔹 U.S. April CPI came in hotter than expected at 3.8%, with core CPI at 2.8%, pushing Treasury yields higher and strengthening the dollar. 🔹 WTI crude surged above $102 as energy disruptions fueled inflation concerns. 🌍 Key Headlines • Fed’s Goolsbee warned services inflation remains a major concern. • Kevin Warsh confirmed as new Fed governor. • ECB may hike in June, with markets pricing 88% odds. • Trump said China trade talks take priority, while downplaying Iran-related diplomacy. • U.S. small business optimism dipped; ADP jobs rose by 33K. 📊 Markets 💰 Gold: $4,715 (-0.42%) 📉 Nasdaq: -0.88% 📉 S&P 500: -0.19% 📈 Dow: +0.12% 🛢 Oil: $102 (+3.87%) 💵 DXY: +0.41% ₿ BTC: $80,694 (-1.29%) 🧩 Takeaway Markets are balancing sticky inflation, rising yields, and geopolitical risk. Tech remains under pressure while traders watch oil, inflation, and central bank signals for the next move. $XAU $BTC $AAPL #USCPIHits3.8% #TradeStocksOnOKX #OKXOrbitTopics