MYR Group (MYRG) and Tutor Perini (TPC) Surge on Falling Oil Prices and Treasury Yields

Shares of construction and maintenance firms MYR Group and Tutor Perini soared on May 26, 2026, as WTI crude oil fell 4.7% and Treasury yields declined on progress in Iran–U.S. peace talks. Lower oil directly cuts fuel costs for heavy equipment and transportation, while falling yields reduce financing expenses for utilities, data center operators, and other customers that drive these companies’ multi-year contract backlogs. MYR Group, which also benefits from AI‑driven electrical grid expansion, reported strong first‑quarter 2026 results 25 days earlier: gross margin widened to 13.4% from 11.6% a year ago, and both its Transmission & Distribution and Commercial & Industrial segments posted significantly higher operating margins. The stock is up 105% year‑to‑date and traded near its 52‑week high of $473.07.