Market update for Thursday May 21, 2026. Check out the Public app for incredible investing tools and to support the show (LINK) Follow us on Instagram (@TheRundownDaily) for bonus content and instant reactions. In today’s episode, Zaid covers: Nvidia&#x27;s $81 billion quarter and why Wall Street wasn&#x27;t impressed What Walmart&#x27;s earnings reveal about the American consumer right now E.l.f. Beauty is lowering prices while everyone else is raising them Intuit cuts 17% of its workforce and the stock tanks Some of the financial surprises from SpaceX’s S1 filings including $4.9 billion in losses

SpaceX Files for IPO, Nvidia Rides Chip Sales to Record Quarter

The Rundown

Public.com presents The Rundown, your daily market update in 10 minutes. My name is Zaid Admani and today is Thursday, May 21st. In today's episode, we'll break down Nvidia's massive earnings and why the market has gotten numb to it. We'll also tell you what Walmart earnings are saying about the health of the consumer. Then stick around to the end of the show to find out all the interesting stuff from SpaceX's S1 filings.

We got a great show for you today. Let's go. The stock market finally broke its three-day losing streak yesterday with the S&P 500 jumping 1%, while the NASDAQ jumped 1.5%. One of the drivers of the rally yesterday was oil. President Trump said the U.S. is in the final stages of negotiating with Iran, and that sent crude prices tumbling yesterday. WTI dropped nearly 6% to $98 a barrel.

Now, I don't want to get too excited here because we've heard the final stages thing before and things have fallen apart last minute. But look, the market is clearly choosing to be optimistic right now. Even the bond market is relaxing a bit. The 10-year treasury yield eased down yesterday to 4.57%. Now, the 10-year treasury yield is still near its highest levels in over a year, and the 30-year treasury is sitting near its highest levels in 19 years. So that's going to increase borrowing costs for everyone across the economy. But the big picture takeaway is that the bond market and the stock market are telling two different stories right now,

and they both can't be right forever. So I'm going to continue to keep my eye on bond yields because if they keep climbing, it might be really hard for the stock market rally to continue.

SpaceX Files for IPO, Nvidia Rides Chip Sales to Record Quarter

Read the full transcript

The candid version is on a podcast,
not the earnings call.

SpaceX Files for IPO, Nvidia Rides Chip Sales to Record Quarter

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.