Morgans AM
Morgans AM
Morgans Financial Limited
Thursday, 21 May 2026: Markets Surge as Oil and Yields Retreat on Middle East Optimism
6 minutes Posted May 21, 2026 at 12:05 am.
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US equity markets rallied as oil prices and Treasury yields fell sharply amid fresh optimism that the conflict in the Middle East could soon be resolved – Dow gained +645-points or +1.31%. Goldman Sachs Group Inc +5.75% was the leading performer in the 30-stock index, while Boeing Co (+3.34%) and Nike Inc (+4.17%) were among the leading components.