Public Markets 3h Briefing
×Last updated: May 22, 2026, 5:31 AM ET
Equity Markets
The S&P 500 nears its longest winning streak since 2023 as a tech rally continues, with futures gaining amid signs that diplomatic efforts to end the U.S.-Iran war are progressing. In contrast, Puig's shares slumped over 14% in European trading after termination of merger talks with Estée Lauder, while Estée Lauder's stock jumped more than 10% in premarket trading. Lenovo targets $100 billion annual revenue within two years after recording its fastest revenue growth in years, reflecting strong global demand for personal computers.
Energy & Commodities
Oil climbed above $105 on U.S.-Iran uncertainty while stock market rallies held, as Japan flagged the impending arrival of the first Persian Gulf oil shipment to transit the Strait of Hormuz since the Iran war began. Mol Nyrt. shares dropped after an explosion at its petrochemicals plant in eastern Hungary killed one person and seriously injured several others, while Total Energies explores selling a 50% stake in some of its European renewables assets as the French energy giant seeks a partner for green investments.
Geopolitical Impact
Qatar Airways will skip handing out bonuses to almost 60,000 workers this