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US Equity Markets End Lower After Crude Oil Climbs Amid Unclear Middle East Situation
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US Equity Markets End Lower After Crude Oil Climbs Amid Unclear Middle East Situation
Mar 27, 2026 1:44 PM

04:19 PM EDT, 03/27/2026 (MT Newswires) -- US equity indexes ended lower on Friday as crude oil prices continued to climb after the unclear direction of US-Iran peace talks.

* Iran hasn't asked the US for a pause on strikes on its energy plants and is yet to deliver a final response to the Trump administration's 15-point proposal to end the war, The Wall Street Journal reported, citing peace talk mediators.

* The University of Michigan consumer sentiment index was revised down to 53.3 for March from a preliminary estimate of 55.5, compared with expectations for 54.0 in a Bloomberg-compiled survey.

* May West Texas Intermediate crude oil rose $5.06 to settle at $99.54 per barrel, while May Brent crude, the global benchmark, was last seen up $5 at $113.01.

* Entergy ( ETR ) shares were up about 6.9%, the top gainer on the S&P 500, after its Entergy Louisiana unit agreed to an expanded power supply contract with Meta Platforms ( META ) to support the technology giant's Northeast Louisiana computing facility.

* Alphabet's (GOOG, GOOGL) Google ( GOOG ) plans to financially support a multibillion-dollar data center in Texas that is leased to Amazon ( AMZN )-backed (AMZN) Anthropic, the Financial Times reported. Amazon ( AMZN ) stock fell roughly 4% and Alphabet shares declined 2.5%.

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