Equities Mixed Intraday, Oil Rises as Traders Track Middle East Developments

Fidelity
2026.05.18 18:31
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US equity indexes were mixed as oil prices rose amid Middle East tensions. The Nasdaq Composite fell 0.7%, while the S&P 500 dropped 0.3%. West Texas Intermediate crude increased by 1.5% to $107.01 per barrel. Nvidia shares declined 1.8% ahead of its financial results. Homebuilder confidence unexpectedly rose despite high mortgage rates. NextEra Energy and Dominion Energy announced a merger, with Dominion shares up 8.6%. Economic indicators suggest housing starts may stabilize by year-end as mortgage rates are expected to decrease.