Global stock markets mostly gained on Tuesday (May 18), while United States (US) equities ended as investors look toward fresh catalysts to push the indexes higher or at least justify current valuations. Investors have been pricing in a robust economic recovery fueled by massive government spending and ultra-loose monetary policy, but recently ample evidence of rising inflation spooked them away from growth stocks, particularly tech ones, with the prospect of higher interest rates threatening to undermine the valuations. 

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