**Market Update: Mixed Performance Amid Economic Indicators**
On May 22, 2026, the S&P 500 Index is down 0.07%, while the Dow Jones Industrial Average is up 0.54%, reaching a new record high. The Nasdaq 100 Index, however, has dropped 0.44%. Crude oil prices have fallen more than 3%, attributed to optimism over a potential U.S.-Iran peace deal leading to the normalization of oil flows. The 10-year Treasury note yield has decreased to a 1.5-week low of 4.45%.
Mortgage applications in the U.S. have decreased by 8.5% for the week ending May 22, with refinances falling by 18.1%. The Richmond Fed manufacturing index rose to 13, surpassing expectations of 4. In overseas markets, the Euro Stoxx 50 is down 0.05%, while Japan’s Nikkei Stock Average closed up 0.01%. Additionally, swaps indicate a 95% probability of a 25 basis point interest rate hike by the European Central Bank at its meeting on June 11.
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