Stocks Settle Mixed on Conflicting US-Iran Signals

1 week ago 25

Rich Asplund

Wed, May 27, 2026 astatine 3:35 PM CDT 8 min read

The S&P 500 Index ($SPX) (SPY) connected Wednesday closed up +0.02%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.36%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.09%. June E-mini S&P futures (ESM26) roseate +0.04%, and June E-mini Nasdaq futures (NQM26) fell -0.10%.

Stock indexes settled mixed connected Wednesday, with the Dow Jones Industrials posting a caller grounds precocious and the Nasdaq 100 falling from a caller all-time high. Enthusiasm for artificial intelligence, little lipid prices, and easing enslaved yields were supportive for the broader equity marketplace connected Wednesday. Crude lipid prices fell by much than -5% amid optimism that lipid flows from the Middle East volition normalize soon, driven by a US-Iran bid deal. The diminution successful crude prices has eased ostentation expectations and lowered enslaved yields, with the 10-year T-note output falling to a 1.5-week debased of 4.45% connected Wednesday.

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The weakness successful vigor producers and cybersecurity stocks connected Wednesday weighed connected the wide market. Also, comments from President Trump weighed connected stocks erstwhile helium said helium was “not satisfied” successful negotiations with Iran, dampening expectations for an imminent extremity to the warfare and the reopening of the Strait of Hormuz.

US MBA owe applications fell -8.5% successful the week ended May 22, with the acquisition owe sub-index down -0.4% and the refinancing owe sub-index down -18.1%. The mean 30-year fixed complaint owe roseate +9 bp to a 9-month precocious of 6.65% from 6.56% successful the anterior week.

The US May Richmond Fed manufacturing survey of existent conditions roseate +10 to a 4.5-year precocious of 13. stronger than expectations of 4.

Crude lipid prices tumbled much than -5% connected Wednesday to a 5-week debased aft Iranian authorities tv said it obtained an unofficial draught of the US-Iran memorandum, which said US subject forces would assistance the naval blockade of Iran portion Iran would let restored commercialized transit shipping done the Strait of Hormuz. Also, Secretary of State Rubio said contiguous that "an interim statement is lone a mates of days away." However, crude prices bounced from their lows erstwhile US officials said the unofficial draught obtained by Iranian authorities tv is simply a "complete fabrication" and "not true."

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