--- title: "Dow Jones Today: DJIA Holds Steady as Oil Climbs; Tech Stocks Lose Momentum" type: "News" locale: "en" url: "https://longbridge.com/en/news/287253621.md" description: "The Dow Jones (DJIA) is down 0.21% as oil prices rise amid tensions in the tech sector. Brent crude oil initially rallied after reports regarding Iran's uranium stockpile, but eased after a denial from an Iranian official. Additionally, Iran and Oman are discussing a toll system for vessels in the Strait of Hormuz, which could increase shipping costs. Initial jobless claims fell to 209,000, while continuing claims rose to 1.782 million, both below estimates." datetime: "2026-05-21T16:38:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/287253621.md) - [en](https://longbridge.com/en/news/287253621.md) - [zh-HK](https://longbridge.com/zh-HK/news/287253621.md) --- # Dow Jones Today: DJIA Holds Steady as Oil Climbs; Tech Stocks Lose Momentum The Dow Jones (DJIA) is trading lower on Thursday amid a rally in oil prices and pressure in the tech sector. ### Meet Samuel – Your Personal Investing Prophet - Start a conversation with TipRanks' trusted, data-backed investment intelligence - Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds Brent crude oil (BZ) rallied in early morning trading after _Reuters_ reported that Iranian Supreme Leader Ayatollah Mojtaba Khamenei refused to transfer its stockpile of highly enriched uranium out of the country, a key demand of the U.S. for resolving the war. However, a senior Iranian official later denied the validity of the report, labeling it as "enemy propaganda." Brent eased lower following the official's statement, although it remains positive on the day. Elsewhere, Iran and Oman are in talks over a framework to establish a permanent toll system for vessels passing through the Strait of Hormuz, according to _Bloomberg_. The global oil chokepoint has remained at a near standstill since the onset of the U.S.-Iran war on February 28 amid threats of attacks from Tehran. Fees from a toll system would likely filter through to consumers, lifting shipping costs and supporting higher energy prices. "This will entail costs, and it goes without saying that those who wish to benefit from this traffic must also pay their share," said Mohammad Amin-Nejad, the Iranian ambassador to France, on Wednesday. Finally, initial jobless claims for the week ended May 16 fell by 3,000 to 209,000, below the consensus estimate of 210,000. Continuing jobless claims, which trail initial claims by a week, rose by 6,000 to 1.782 million, below the estimate of 1.786 million. Initial jobless claims serve as a gauge of layoffs, while continuing jobless claims track the number of people receiving unemployment benefits and reflect ongoing unemployment. The Dow Jones is down by 0.21% at the time of writing. ### Related Stocks - [.DJI.US](https://longbridge.com/en/quote/.DJI.US.md) - [OXY.US](https://longbridge.com/en/quote/OXY.US.md) - [DIA.US](https://longbridge.com/en/quote/DIA.US.md) - [UCO.US](https://longbridge.com/en/quote/UCO.US.md) - [IYY.US](https://longbridge.com/en/quote/IYY.US.md) - [DJIA.US](https://longbridge.com/en/quote/DJIA.US.md) - [IEO.US](https://longbridge.com/en/quote/IEO.US.md) - [BNO.US](https://longbridge.com/en/quote/BNO.US.md) - [IXC.US](https://longbridge.com/en/quote/IXC.US.md) - [DJD.US](https://longbridge.com/en/quote/DJD.US.md) - [XES.US](https://longbridge.com/en/quote/XES.US.md) - [OIH.US](https://longbridge.com/en/quote/OIH.US.md) - [USO.US](https://longbridge.com/en/quote/USO.US.md) - [VDE.US](https://longbridge.com/en/quote/VDE.US.md) - [CRAK.US](https://longbridge.com/en/quote/CRAK.US.md) - [XOP.US](https://longbridge.com/en/quote/XOP.US.md) - [UDOW.US](https://longbridge.com/en/quote/UDOW.US.md) - [DDM.US](https://longbridge.com/en/quote/DDM.US.md) - [XLE.US](https://longbridge.com/en/quote/XLE.US.md) - [IEZ.US](https://longbridge.com/en/quote/IEZ.US.md) - [TRI.US](https://longbridge.com/en/quote/TRI.US.md) ## Related News & Research - [Capital Economics sees oil at $150 per barrel through 2027 in an extreme case](https://longbridge.com/en/news/286549728.md) - [Citi bull case Brent hitting $150 near term as oil markets under-price disruption risk](https://longbridge.com/en/news/286992430.md) - [ROI-ENERGY WATCH: Words louder than actions](https://longbridge.com/en/news/287248663.md) - [ROI-Oil market clock is ticking as supply crunch looms: Bousso](https://longbridge.com/en/news/287164433.md) - [Dow futures plunge 300 points: 5 things to know before market opens](https://longbridge.com/en/news/286549150.md)