Stock Market Live May 21, 2026: S&P 500 (SPY) Slips as Oil Gushes Higher

The S&P 500 is down 0.36%, the SPDR S&P 500 ETF is down 0.24%, the Dow is down 0.31%, and the Nasdaq is down 0.55%. Oil is up $2.86 to $101.14, while gold is down $20 to $4,512. Markets previously rose on lower Treasury yields and lower oil prices, but yields have increased and oil has surged due to war developments. Iran’s leadership says enriched uranium must remain in Iran. Israeli officials report that Trump assured Israel that Iran’s highly enriched uranium stockpile would be sent out of Iran and that any peace deal must include a clause on this. Nvidia reported adjusted EPS of $1.87 and revenue up 85% year over year, with strong data center and edge computing results, and provided revenue guidance of $91 billion plus or minus 2%.

"At the moment, the S&P 500 is down 0.36%, or by 27 points. The SPDR S&P 500 ETF ( SPY | SPY Price Prediction) is down 0.24%, or by $1.78. The Dow is down 0.31%, or by 166 points. The Nasdaq is down 0.55%, or by 156 points. Oil is up by $2.86 at $101.14. Gold is down by $20 at $4,512."

"Just yesterday, markets exploded higher on lower Treasury yields and lower oil prices. Today, Treasury yields are up, and oil is gushing $2.45 higher because of the war. Not helping, the Supreme Leader of Iran says enriched uranium must stay in Iran. As noted by Reuters, "Israeli officials have told Reuters that Trump has assured Israel that Iran's stockpile of highly enriched uranium needed to make an atomic bomb will be sent out of Iran and that any peace deal must include a clause on this.""

"Last night, Nvidia ( NASDAQ: NVDA) saw adjusted EPS of $1.87, as revenue exploded 85% year over year to $81.61 billion. Analysts had expected the company to earn an adjusted $1.75 per share on $79.19B in revenue. Data center revenue came in at $75.2 billion, as compared to estimates of $73.48 billion. Edge Computing revenue was $6.4 billion, up 29% year-over-year. Adjusted gross margin came in at 75% for the quarter, in line with estimates."

"Moving forward, Nvidia expects revenue to be $91 billion, plus or minus 2%. The company also said that it does not expect any revenue from China for the period. Analysts had expected the company to generate $87.3 billion in revenue. Nvidia also added $80 billion to its share buyback program. And it raised its quarterly dividend"

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