Market Report, 2026-05-20

Iran and oil grabbed the headlines today. As the U.S. President announced that Washington is in the “final stages” of negotiations with Tehran, oil prices fell on hopes of a reopening. Brent crude oil declined to 88 dollars per barrel after persistently trading above the 100-dollar mark, a move that significantly eased inflation concerns. As a result, stocks soared.

All major U.S. stock indices ended the day in the green. The Dow Jones Industrial Average climbed 645 points to 50,009, just 500 points away from its record high. The NASDAQ jumped 1.66% to 29,298. The S&P 500 gained 1.08% to 7,433. The AI investment theme led the rally, with the technology and consumer discretionary sectors gaining more than 2%. Healthcare, consumer staples, and energy were the only sectors showing losses today.

The bond market also rallied. A 10-basis-point decline was observed in the 5-year U.S. Treasury yield, which fell to 4.23%, while the 10-year yield dipped 9 basis points to 4.57%. The 30-year yield declined by 7 basis points to 5.11%. Gold rallied as opportunity costs declined.

The Federal Reserve’s meeting minutes for the May interest rate decision were released today. The document showed that a majority of Federal Reserve officials suggested the possibility of rate hikes if inflation continues to run above target, and many officials called for the Fed to drop its easing bias in its official language.

Tomorrow, weekly jobless claims, housing supply-related metrics, and several important business surveys will be released. We will also cover Nvidia earnings, which are scheduled to be reported this afternoon. Adams Wealth Advisors will continue to keep you informed.