--- title: "Stocks Pull Back From Rebound Amid Rising Oil Prices" type: "News" locale: "en" url: "https://longbridge.com/en/news/287228119.md" description: "Stocks are pulling back as oil prices and Treasury yields rise, with U.S.-Iran tensions in focus. Major benchmarks are down, with Walmart sliding after disappointing guidance and Intuit plummeting 15.5% due to a revenue miss and workforce cuts. Asian markets showed mixed results, boosted by semiconductor demand in Japan, while European markets fell amid concerns over Iran's uranium directive." datetime: "2026-05-21T13:17:22.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/287228119.md) - [en](https://longbridge.com/en/news/287228119.md) - [zh-HK](https://longbridge.com/zh-HK/news/287228119.md) --- # Stocks Pull Back From Rebound Amid Rising Oil Prices After a brief respite, **oil prices and Treasury yields** are pushing higher once again, with U.S.-Iran tensions in focus after Reuters reported that Iran’s supreme leader issued a directive to keep enriched uranium within the country. Investors are still unpacking broader takeaways from Nvidia's (NVDA) earnings report, though the stock is trading flat, while Walmart (WMT) stock is sliding after disappointing guidance. All three major benchmarks are pulling back from last session's surge. Futures on the Dow Jones Industrial Average (DJI) and Nasdaq-100 Index (NDX) are down triple digits, while S&P 500 Index (SPX) futures sit quietly lower. _Continue reading for more on today's market, including:_ - Incase you missed it: **4 AI stocks** sporting elevated short interest. - Trying to make sense of the market via **various sentiment indicators**. - Plus, RGTI soars on government funding; WMT slips on disappointing guidance; and INTU cuts workforce. ## 5 Things You Need to Know Today 1. The Cboe Options Exchange saw more than 2.4 million call contracts and 1.2 million put contracts traded on Wednesday. The single-session equity put/call ratio fell to 0.49, while the 21-day moving average stayed at 0.59. 2. **Rigetti Computing Inc (NASDAQ:RGTI)** is one of several **quantum computing names** enjoying a lift, after The Wall Street Journal reported that the U.S. government plans to award $2 billion in grants to nine firms. RGTI is up 13.8% premarket, looking to recover a good portion of its 23.8% year-to-date deficit. 3. **Walmart Inc (NASDAQ:WMT)** is down 2.1% before the bell, after the **retail giant** issued a disappointing full-year and current-quarter outlook. Earnings matched estimates, while revenue came in above expectations. Year to date, the equity is up 17.4%. 4. Shares of **Intuit Inc (NASDAQ:INTU)** are plummeting 15.5% in electronic trading, after the company posted a fiscal third-quarter revenue miss and announced plans to cut 17% of its workforce. Brushing off an earnings beat and upbeat guidance, INTU is on track to open at a five-year low. 5. Plenty of economic data is still due out **today and tomorrow**. ## Chip Demand Boosts Asian Exports Asian markets were scattered today. Japan’s Nikkei surged 3.1% after exports jumped 14.8% in April, boosted by strong semiconductor demand, while South Korea’s Kospi soared 8.4%, after officials unveiled plans for 24-hour dollar-won trading. Meanwhile, China’s Shanghai Composite fell 2% and Hong Kong’s Hang Seng shed 1%. European bourses are spilling lower Thursday after Iran’s Supreme Leader uranium buzz, raising concerns that peace negotiations with the U.S. could become more complicated. At last glance, Germany’s DAX is down 0.6%, while France CAC is 0.5% lower, and London’s FTSE 100 is off by 0.3%. ### Related Stocks - [WMT.US](https://longbridge.com/en/quote/WMT.US.md) - [INTU.US](https://longbridge.com/en/quote/INTU.US.md) - [IBUY.US](https://longbridge.com/en/quote/IBUY.US.md) - [IXC.US](https://longbridge.com/en/quote/IXC.US.md) - [XLE.US](https://longbridge.com/en/quote/XLE.US.md) - [OIH.US](https://longbridge.com/en/quote/OIH.US.md) - [XOP.US](https://longbridge.com/en/quote/XOP.US.md) - [XES.US](https://longbridge.com/en/quote/XES.US.md) - [IEO.US](https://longbridge.com/en/quote/IEO.US.md) - [VDE.US](https://longbridge.com/en/quote/VDE.US.md) - [USO.US](https://longbridge.com/en/quote/USO.US.md) - [IEZ.US](https://longbridge.com/en/quote/IEZ.US.md) - [RTH.US](https://longbridge.com/en/quote/RTH.US.md) - [BNO.US](https://longbridge.com/en/quote/BNO.US.md) - [XRT.US](https://longbridge.com/en/quote/XRT.US.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [.DJI.US](https://longbridge.com/en/quote/.DJI.US.md) - [.NDX.US](https://longbridge.com/en/quote/.NDX.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [RGTI.US](https://longbridge.com/en/quote/RGTI.US.md) - [00HSI.HK](https://longbridge.com/en/quote/00HSI.HK.md) - [NVD.DE](https://longbridge.com/en/quote/NVD.DE.md) - [RGTIW.US](https://longbridge.com/en/quote/RGTIW.US.md) ## Related News & Research - [BUZZ-Intuit tumbles after lowering TurboTax revenue forecast, to cut 17% of workforce](https://longbridge.com/en/news/287181247.md) - [EXCLUSIVE-Intuit to cut 17% of global jobs to streamline operations, memo shows](https://longbridge.com/en/news/287070394.md) - [Oil futures lose ground in early US trading](https://longbridge.com/en/news/287089289.md) - [Walmart Stock Looks Quite Risky Heading Into Q1 Results](https://longbridge.com/en/news/287094193.md) - [Intuit plummets after reporting slowing revenue growth](https://longbridge.com/en/news/287119780.md)