Stock Market Update
01-May-26 15:00 ET
Crude oil settles lower amid U.S.-Iran stalemate
Dow -82.40
at 49569.74,
Nasdaq +230.58
at 25122.89,
S&P +28.11
at 7237.12
[BRIEFING.COM] The major averages continue to drift to session lows, sitting mixed this afternoon.
On the geopolitical front, NBC News reports that President Trump sent letters to Congress saying he doesn't need congressional authorization for the Iran war beyond 60 days because of the ceasefire, adding that " The hostilities that began on February 28, 2026, have terminated."
President Trump previously expressed dissatisfaction over an updated peace proposal from Iran. Still, Crude Oil futures settled today's session $3.31 lower (-3.2%) at $101.84 per barrel.
