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S&P 500 pulls back from record as investors eye oil prices and Iran deal developments: Live updates

Cnbc · · 435 words · By Sean Conlon; Lisa Kailai Han
stock_market_performance US-Iran Diplomatic Relations Energy Market Volatility
open_in_new Read the original article: https://www.cnbc.com/2026/05/06/stock-market-today-live-updates.html

psychologyDetected Techniques

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Loaded Language 70% confidence
Using words with strong emotional connotations to influence an audience.

fact_checkFact-Check Results

15 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

info Single Source 7
schedule Pending 5
check_circle Corroborated 2
verified Verified 1
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“The S&P 500 fell on Thursday after hitting a new all-time intraday high”
VERIFIED
Web search results explicitly confirm that the S&P 500 fell on Thursday after hitting a new all-time intraday high.
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web search NEUTRAL — The S&P 500 fell on Thursday after hitting a new all-time intraday high as oil prices came back from sizable losses, with traders eyeing more developments between the U.S. and Iran.
https://metapress.net/world/2026/05/08/sp-500-retreats-from-…
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web search NEUTRAL — S&P 500 Cash Spending to Drop 33% This Year, Says Goldman.
https://www.investopedia.com/company-news-4427705
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web search NEUTRAL — The S&P 500 hit an intraday high of 1,552.87 on March 24. Over the next two years, the S&P 500 dropped 24.8%, but it held up relatively well compared to the 62.7% drop in the Nasdaq. Following its Mar…
https://www.benzinga.com/general/education/22/03/20319174/th…
info
“The broad market index fell 0.38% to close at 7,337.11”
SINGLE SOURCE
The specific closing value (7,337.11) and percentage drop (0.38%) are only reported by the CNBC cross-reference; other web results provide general index information but not the specific daily close for this date.
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web search NEUTRAL — S&P 500 (Standard and Poor's 500)[11] is a stock market index tracking the stock performance of 500 leading companies listed on stock exchanges in the United States.
https://en.wikipedia.org/wiki/S&P_500
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web search NEUTRAL — View live S&P 500 Index chart to track latest index dynamics. SP:SPX ideas, forecasts and market news are at your disposal as well.
https://www.tradingview.com/symbols/SPX/
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web search NEUTRAL — Index performance for S&P 500 INDEX (SPX) including value, chart, profile & other market data.
https://www.bloomberg.com/quote/SPX:IND
+ 1 more evidence source
info
“The Nasdaq Composite slid 0.13% and ended at 25,806.20”
SINGLE SOURCE
The specific closing value (25,806.20) and percentage drop (0.13%) are only reported by the CNBC cross-reference. Other web results show different values for different dates.
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web search NEUTRAL — The Nasdaq Composite was the day's standout performer, surging 258.32 points to close at 25,326.13, a gain of 1.03 percent.
https://www.irishsun.com/news/279032477/u-s-stocks-bounce-na…
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web search NEUTRAL — Interactive chart of the NASDAQ Composite stock market index since 1971.
https://www.macrotrends.net/1320/nasdaq-historical-chart
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web search NEUTRAL — Get the latest stock market news, stock information & quotes, data analysis reports, as well as a general overview of the market landscape from Nasdaq.Change. COMP Nasdaq Composite Index. 25,114.44. +…
https://www.nasdaq.com/
+ 1 more evidence source
info
“The tech-heavy index had also scored a fresh all-time high during the session”
SINGLE SOURCE
The claim that the Nasdaq hit a fresh all-time high during that specific session is only corroborated by the CNBC cross-reference.
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web search NEUTRAL — A high-level overview of the NASDAQ index. Get the latest NASDAQ index chart, news, and analysis, including analyst predictions and forecasts for today.
https://seekingalpha.com/symbol/COMP:IND
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web search NEUTRAL — Shopify Reaches Fresh Highs After Analyst Lifts Price Target.
https://www.investopedia.com/company-news-4427705
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web search NEUTRAL — Stay informed on the latest Nasdaq market indexes by accessing real-time stock quotes, news, and performance updates for global indices and markets worldwide.
https://www.nasdaq.com/market-activity/indexes
+ 1 more evidence source
info
“The Dow Jones Industrial Average shed 313.62 points, or 0.63%, settling at 49,596.97”
SINGLE SOURCE
The specific point drop (313.62), percentage (0.63%), and closing value (49,596.97) are only reported by the CNBC cross-reference.
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web search NEUTRAL — The Dow Jones Industrial Average (DJIA), Dow Jones, or simply the Dow (/ ˈdaʊ /), is a stock market index of 30 prominent companies listed on stock exchanges in the United States.
https://en.wikipedia.org/wiki/Dow_Jones_Industrial_Average
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web search NEUTRAL — 1 day ago · DJIA | A complete Dow Jones Industrial Average index overview by MarketWatch. View stock market news, stock market data and trading information.
https://www.marketwatch.com/investing/index/djia
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web search NEUTRAL — Dow Jones Today: Get all information on the Dow Jones Index including historical chart, news and constituents.
https://markets.businessinsider.com/index/dow_jones
+ 1 more evidence source
info
“U.S. West Texas Intermediate crude futures settled down 0.28% at $94.81 per barrel”
SINGLE SOURCE
Web search results for WTI crude show different prices (e.g., 101.94 or 'almost $101') and do not confirm the specific settlement of $94.81 or the 0.28% drop.
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web search NEUTRAL — View live Light Crude Oil Futures chart to track latest price changes. Trade ideas, forecasts and market news are at your disposal as well.
https://www.tradingview.com/symbols/NYMEX-CL1!/
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web search NEUTRAL — Explore real-time Crude Oil futures price data and key metrics crucial for understanding and navigating the Crude Oil Futures market.The current price of Crude Oil WTI futures is 101.94, with a previo…
https://www.investing.com/commodities/crude-oil
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web search NEUTRAL — Crude Oil Prices Fall. WTI crude futures fell to almost $101 per barrel on Friday, trimming weekly gains as hopes grew that a fragile US-Iran ceasefire could lead to lasting peace.
https://tradingeconomics.com/commodity/crude-oil
info
“international Brent crude futures fell 1.19%, closing at $100.06 a barrel”
SINGLE SOURCE
Web search results for Brent crude show prices around $108.17 or 'almost $108', which contradicts the claim of $100.06.
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web search NEUTRAL — Gain instant access to the live Brent Crude Oil price, key market metrics, trading details, and intricate Brent Crude Oil futures contract specifications.
https://www.investing.com/commodities/brent-oil
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web search NEUTRAL — The current price of Brent crude oil today is $108.17 per barrel. Live charts, historical data, futures contracts, and breaking news on Brent prices can be found below.
https://oilprice.com/futures/brent/
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web search NEUTRAL — Brent crude futures fell to almost $108 per barrel, trimming weekly gains, as hopes grew that a fragile U.S.–Iran ceasefire could lead to lasting peace. The US has received an updated peace proposal f…
https://tradingeconomics.com/commodity/brent-crude-oil
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“Axios reported, citing sources, that the U.S. and Iran are nearing a deal to end the war”
CORROBORATED
Multiple independent sources (CNBC cross-references and web search results from Foreign Policy and others) confirm that Axios reported the U.S. and Iran are nearing a deal to end the war.
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cross reference SUPPORTS — Odds that the U.S. and Iran reach a nuclear deal at some point in 2026 jumped on prediction markets platform Kalshi after an Axios report on Wednesday that the two countries were close to an agreement…
https://www.cnbc.com/2026/05/07/kalshi-traders-see-odds-risi…
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cross reference SUPPORTS — the Axios report said the countries were close to an agreement to end the war, it added that the countries were only nearing a framework for negotiations around the nuclear issue.
https://www.cnbc.com/2026/05/07/kalshi-traders-see-odds-risi…
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“two U.S. officials and two other sources briefed on the issue told the outlet that the White House believes it is nearing a one-page, 14-point memorandum of understanding to not only end the war but also establish a framework for more detailed nuclear talks”
CORROBORATED
Multiple independent sources (Axios, Foreign Policy, and other web search results) confirm the detail regarding a one-page, 14-point memorandum of understanding to end the war and establish a framework for nuclear talks.
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web search NEUTRAL — In its report, Axios describes the memorandum as a one-page, 14-point memo which could set a framework for more detailed nuclear negotiations. Among the provisions it lists are a suspension on Iranian…
https://www.bbc.com/news/articles/cj0pq2q8221o
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web search NEUTRAL — The White House believes it is approaching an agreement with Iran on a one-page memorandum of understanding aimed at ending the war and establishing a framework for more detailed nuclear talks, Axios …
https://alethonews.com/2026/05/06/us-iran-inching-closer-tow…
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web search NEUTRAL — According to Axios, a 14-point memorandum of understanding calls for reopening the Strait of Hormuz and sets a framework for more talks. The Trump administration was expecting a response from Iran wit…
https://foreignpolicy.com/2026/05/06/us-iran-war-peace-deal-…
info
“An Iranian foreign ministry spokesperson said to CNBC Wednesday that Iran was evaluating a U.S. proposal for a resolution”
SINGLE SOURCE
The statement by the Iranian foreign ministry spokesperson to CNBC is only found in the CNBC cross-reference.
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cross reference SUPPORTS — An Iranian foreign ministry spokesperson told CNBC on Wednesday that Iran was evaluating a U.S. proposal for a resolution
https://www.cnbc.com/2026/05/07/european-stocks-investors-aw…
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“Iran has yet to reach a final conclusion on the matter, and the country has not given a response to the U.S., Iranian state media reported Thursday”
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“A senior Iranian official said that the Middle Eastern country would not allow the U.S. to reopen the key Strait of Hormuz passageway with an "unrealistic plan," The Wall Street Journal reported, citing Iran's state-owned Press TV”
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“Iran would also not let the U.S. leave the conflict without paying reparations for the damage inflicted on the country, the official added”
PENDING
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“Fortinet was among Thursday's key winners, popping 20% after the company lifted its full-year billings guidance”
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“Peloton shares jumped almost 9% after its third-quarter revenue surpassed expectations”
PENDING
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.