Dow Jones Industrial Average hits record close as oil prices fall on Iran deal hopes
The Dow Jones Industrial Average reached a record close of 50,482.14, marking its first record in over three months. This increase was driven by a decline in oil prices, fueled by optimism surrounding US-Iran diplomatic negotiations. As a result, traders are hopeful that these developments could alleviate global energy supply concerns.
- ▪The Dow closed at 50,482.14 on May 21, gaining 276 points.
- ▪Falling oil prices have contributed to a risk-on mood in the markets.
- ▪West Texas Intermediate crude futures fell 0.9% to $97.40 per barrel.
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Dow Jones Industrial Average hits record close as oil prices fall on Iran deal hopes The Dow crossed 50,000 for its first record close in over three months, while Bitcoin held steady near $77,600 as falling crude prices fueled a risk-on mood across markets. Share Add us on Google by Editorial Team May. 21, 2026 (function () { var s = document.currentScript; var wrapper = s && s.closest ? s.closest('.cb-sevioads-inarticle') : null; var inMobile = wrapper && wrapper.closest('#mobile-articles'); var inDesktop = wrapper && wrapper.closest('#desktop-articles'); if (inMobile || inDesktop) { var isDesktopVp = window.matchMedia('(min-width: 768px)').matches; var matches = (inMobile && !isDesktopVp) || (inDesktop && isDesktopVp); if (!matches) { var sevioDiv = wrapper.querySelector('.sevioads');…
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