On Thursday, May 23rd, U.S. stock markets closed lower as enthusiasm for Nvidia’s (NVDA.O) results faded, and strong economic data fueled fears of prolonged tight monetary policy.  Following the data release, U.S. Treasury yields rose. All three major U.S. indexes declined. In economic data, the S&P Global manufacturing PMI increased to 50.9 from 50 in April, while the services PMI rose to 54.8 from 51.3. The composite PMI also climbed to 54.4 from 51.3, surpassing market expectations of 51.1. In April, the Chicago Fed National Activity Index fell to -0.23, and jobless claims dropped to 215,000, beating expectations. New single-family home sales declined 4.7% to 634K, and natural gas supplies increased by 78 billion cubic feet. Technology stocks were the ...