Stock Market Update
08-May-26 12:35 ET
U.S. awaiting Iranian response to peace memo
Dow +28.39
at 49625.36,
Nasdaq +370.38
at 26176.57,
S&P +59.22
at 7396.33
[BRIEFING.COM] The S&P 500 (+0.8%), Nasdaq Composite (+1.4%), and DJIA (+0.1%) are maintaining their gains shortly after midday.
Secretary of State Marco Rubio told reporters that Iran should give the U.S. a response to its latest peace proposal today, according to Bloomberg.
Meanwhile, CNBC reported that the U.S. struck two Iranian-flagged oil tankers in the Gulf of Oman.
Crude oil is currently up $0.92 (+1.0$) to $95.73 per barrel.
