S&P 500 rises as investors focus on Mideast peace hopes as oil prices dip
By Sinéad Carew and Utkarsh
Hathi
Thu May 21, 2026
There’s just a whole lot of volatility going on with all three indexes firmly rooted in the red until 1 pm when everything zoomed back up again. Though Walmart disappointed with its Q1 and especially its announcement that higher prices were coming for the rest of the year, the market largely shrugged it off since Q1 is almost over and has overnight shifted its focus back to the war. That is somewhat curious given the fact that the U.S. and Iran are on opposite poles with the key issues but hope remains. As far as investors are concerned, the ceasefire, as fragile as it is, is holding and they’ll take good news where ever they can find it.