Today: 21 May 2026
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AMS:NEBIUS 12 January 2026

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  • U.S. Stocks Rise Sharply on Iran Deal Optimism and Oil Price Drop
    May 21, 2026, 5:05 AM EDT. U.S. stock indexes surged on Wednesday led by the S&P 500 (+1.08%), Dow Jones (+1.31%), and Nasdaq 100 (+1.66%), driven by a sharp decline in crude oil prices of over 5% amid hopes for an Iran war resolution. Lower oil prices eased inflation expectations and caused the 10-year Treasury yield to drop 10 basis points to 4.57%. Semiconductor shares advanced, with Nvidia rising over 1% ahead of earnings expected to show strong AI-related sales growth. Federal Reserve minutes indicated a hawkish stance with many policymakers supporting potential rate hikes if inflation remains above 2%. The market anticipates a low chance (7%) of an interest rate cut at the upcoming FOMC meeting on June 16-17. Mortgage applications declined, and the 30-year fixed mortgage rate increased to 6.56%.

Latest articles

T1 Energy Stock Jumps 26% as Roth Pushback Turns Short-Seller Hit Into a Rally

T1 Energy Stock Jumps 26% as Roth Pushback Turns Short-Seller Hit Into a Rally

21 May 2026
T1 Energy Inc. shares jumped 26.45% to $8.70 Wednesday after heavy trading and recent volatility. The move follows a short-seller report alleging hidden Chinese ties and tax-credit risks, countered by a Roth Capital analyst’s defense and news of a major institutional stake. T1 reported a $21.4 million net loss but positive adjusted EBITDA and maintained its 2026 production guidance.
Intuit Inc. Expands Credit Karma and QuickBooks AI Push as INTU Stock Slips

Intuit Falls as TurboTax Forecast Cut Weighs on Shares Despite Profit Beat

21 May 2026
Intuit shares fell 13.4% in late trading after the company cut its 2026 TurboTax revenue forecast and announced a 17% reduction in full-time staff, affecting about 3,000 roles globally. The stock closed Wednesday at $383.93 before dropping to $332.48 after hours. Intuit will close its Reno and Woodland Hills offices, with U.S. layoffs effective by July 31.
HMRC pay code error could cut UK take-home, warns tax accountants

HMRC pay code error could cut UK take-home, warns tax accountants

21 May 2026
Hundreds of Zopa customers and potentially thousands of UK savers have had tax codes changed after HMRC used incorrect savings-interest data, including wrongly treating tax-free ISA interest as taxable. Some savers saw pay drop or overpaid tax before errors were fixed. HMRC said affected taxpayers should contact the agency if their records are wrong.
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