Stock Market Update
21-May-26 15:25 ET
Market faces some late oil-driven volatility
Dow +262.37
at 50271.72,
Nasdaq +7.66
at 26299.02,
S&P +9.41
at 7442.38
[BRIEFING.COM] The major averages are moving off their session highs following more oil-driven volatility, though they remain in modestly positive territory.
The pullback follows a post from Al Arabiya on X that said, "High-level source for Al Arabiya: The Pakistani Army Chief will not head to Tehran tonight". Earlier reports that the Army Chief was heading to Tehran fueled speculation of a mediated ceasefire between the U.S. and Iran.
Crude oil futures settled today's session $1.91 lower (-2.0%) at $96.28 per barrel, but crude has since moved higher, currently down $0.64 (-0.7%) to $97.62 per barrel.
