Morning Report 15 May 25: Wall Street struggles as vertigo kicks in for investors

The S&P 500 has shown signs of exhaustion following a substantial rebound, while rising bond yields weigh on market sentiment and strengthen the US dollar. Technology stocks have gained at the expense of the broader market, with Middle East deals propelling SuperMicro higher. Boeing has secured a record deal with Qatar and is expected to create significant jobs, while healthcare stocks continue to underperform. Meanwhile, commodities are slumping as the US dollar surges. Closer to home, Aussie shares are set to open lower on Thursday, snapping a six-day winning streak ahead of key employment data.

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