Stock Market Update
20-May-26 11:00 ET
Oil pullback contributing to broad strength
Dow +350.60
at 49714.48,
Nasdaq +293.38
at 26185.09,
S&P +56.22
at 7409.83
[BRIEFING.COM] The major averages continue to chart session highs as strength remains broad.
The industrials sector (+1.0%) is rebounding nicely from yesterday's weakness, with airline names such as United Airlines (UAL 94.92, +5.80, +6.50%) and Delta Air Lines (DAL 71.60, +3.84, +5.67%) among the top performers as oil deepens its retreat.
Crude oil is currently down $3.46 (-3.3%) to $101.69 per barrel.
Packaging names such as Packaging Corp (PKG 211.57, +8.40, +4.13%) and Smurfit Westrock plc (SW 36.78, +1.16, +3.27%) are also benefiting from the pullback in oil, helping the materials sector (+0.8%) trade higher after finishing yesterday's session as the worst-performing S&P 500 sector.
