AP
Financial Markets Wall Street
- Richard Drew - AP
- Updated
Robert Finnerty, Jr., foreground right, works with colleagues on the floor of the New York Stock Exchange, Thursday, May 7, 2026.
Richard Drew - APAs featured on
The U.S. stock market fell from its records after oil prices yo-yoed. The price for a barrel of Brent crude oil settled at roughly $100 Thursday and continued its decline from more than $115 early this week. But it swung sharply before getting there, as Wall Street waits to see whether its hopes for a deal to end the Iran war are warranted or just wishful. As oil prices pared their drops in the afternoon, stocks fell. The S&P 500 slipped 0.4% from its all-time high. The Dow Jones Industrial Average dropped 0.6%, and the Nasdaq fell 0.1%.
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