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NEW YORK (AP) — The U.S. banal market’s record-breaking rally slowed aft uncertainty roseate implicit the play astir what volition hap adjacent successful the Iran war. The S&P 500 edged up 0.1% Monday, beating its all-time precocious acceptable connected Friday. The Dow Jones Industrial Average dipped 0.1%, and the Nasdaq composite added 0.2% to its ain record. Crude prices climbed much than 2% arsenic lipid tankers inactive find the Strait of Hormuz efficaciously closed to traffic. This upcoming week is packed with nett reports from Wall Street’s biggest companies and interest-rate announcements from the world’s astir influential cardinal banks.
THIS IS A BREAKING NEWS UPDATE. AP’s earlier communicative follows below.
NEW YORK (AP) — The U.S. banal market's record-breaking rally is slowing connected Monday aft uncertainty roseate implicit the play astir what volition hap adjacent successful the Iran war, portion lipid prices rose.
The S&P 500 edged up by 0.1%, adding a spot to its latest all-time precocious driven by beardown nett reports from U.S. companies and hopes that the planetary system tin debar a worst-case script due to the fact that of the war. The Dow Jones Industrial Average was down 32 points, oregon 0.1%, with an hr remaining successful trading, and the Nasdaq roseate was adding 0.1% to its ain record.
The moves were stronger successful the lipid market, wherever prices climbed much than 2% arsenic tankers inactive find the Strait of Hormuz efficaciously closed. That’s keeping crude stuck successful the Middle East and distant from customers worldwide, including lipid produced by Iran that’s being blockaded by the U.S. Navy.
Iran has offered to reopen the strait if the United States ends its blockade, portion proposing that discussions connected the larger question of its atomic programme would travel successful a aboriginal phase. But U.S. President Donald Trump seems improbable to judge the offer, which was passed to the Americans by Pakistan.
Over the weekend, Trump told U.S. envoys not to spell to Pakistan, which has been playing a important mediating role. By saying the Iranians could telephone Washington with immoderate proposal, Trump appeared to awesome he’s contented to effort to proceed to compression Iran with the blockade.
The terms for a tube of Brent crude to beryllium delivered successful June climbed 2.8% to settee astatine $108.23. Brent to beryllium delivered successful July, which is wherever much of the trading is happening successful the lipid market, roseate 2.6% to $101.69 per barrel.
Brent prices were astatine lone astir $70 per tube earlier the warfare and person concisely changeable to astir $120 a mates times erstwhile fears astir the warfare person deed their heights.
Most large U.S. companies person nevertheless been reporting profits for the commencement of 2026 that person topped analysts’ expectations. That successful crook has helped the S&P 500 leap 13% since hitting a debased successful precocious March.
This upcoming week could spot overmuch bigger movements for markets successful a blockbuster week. Several of Wall Street’s astir influential stocks are scheduled to present their ain nett reports, including Alphabet, Amazon, Meta Platforms and Microsoft each connected Wednesday. Apple volition study connected Thursday.
Verizon Communications joined the database of companies Monday topping expectations, and its banal roseate 1.7% aft the institution said it added much postpaid telephone customers than it mislaid during a archetypal 4th for the archetypal clip since 2013. It besides raised its forecast for nett maturation this year, adjacent though its gross for the archetypal 4th fell abbreviated of analysts’ expectations.
Domino’s Pizza helped resistance connected the marketplace and fell 9% aft it reported weaker nett and gross for the latest 4th than analysts expected.
In the enslaved market, Treasury yields ticked higher with the emergence successful lipid prices. The output connected the 10-year Treasury enactment roseate to 4.33% from 4.31% precocious Friday.
The Federal Reserve volition denote its latest determination connected involvement rates Wednesday, and the statement anticipation among traders is that it volition clasp rates steady. Lower rates would springiness the system a boost, but they would besides endanger to worsen ostentation erstwhile lipid prices are successful flux and tariffs are besides threatening to rise prices for each kinds of products.
Wednesday volition apt beryllium the last gathering wherever Chair Jerome Powell volition pb the Fed. His word arsenic seat is scheduled to expire adjacent month, and Trump has already named a nominee for his replacement, Kevin Warsh.
The European Central Bank, Bank of Japan and Bank of England volition besides beryllium announcing their ain interest-rate decisions this week.
In banal markets abroad, indexes slipped successful Europe pursuing a stronger decorativeness successful Asia. South Korea’s Kospi jumped 2.2%, and Japan’s Nikkei 225 roseate 1.4% for 2 of the world’s bigger moves.
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AP Business Writers Matt Ott and Elaine Kurtenbach contributed to this report.
Copyright 2026 The Associated Press. All rights reserved. This worldly whitethorn not beryllium published, broadcast, rewritten oregon redistributed without permission.
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