Stock Market Update
04-May-26 12:05 ET
Geopolitical tensions sending stocks lower
Dow -453.20
at 49046.07,
Nasdaq -117.80
at 24996.64,
S&P -36.03
at 7194.09
[BRIEFING.COM] The major averages continue to move lower as the spike in oil prices largely erases most of their earlier progress.
The energy sector (+0.7%) is the only S&P 500 sector that remains in positive territory.
Yesterday, President Trump announced “Project Freedom” to help free cargo ships that are stranded by the Strait of Hormuz closure, though the details of the operation remain vague.
