Equity Markets Mixed as Trump Aborts Plan to Attack Iran

fidelity
2026.05.18 21:03
portai
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US equity markets closed mixed as President Trump postponed a planned military attack on Iran. The Nasdaq fell 0.5%, while the Dow rose 0.3%. Brent crude dropped 0.4% to $108.85 per barrel. Nvidia shares fell 1.3% ahead of earnings, while Dominion Energy surged 9.4% after announcing a merger with NextEra Energy. Homebuilder confidence unexpectedly rose despite high mortgage rates. Analysts expect housing starts to stabilize before increasing later in the year.