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NEW YORK (AP) — The U.S. banal market’s record-breaking rally slowed 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 inched 0.1% higher to its latest all-time high, a downshift pursuing weeks of large gains driven by beardown firm nett reports and hopes that the system tin debar a worst-case script due to the fact that of the war. The Dow Jones Industrial Average dipped 62 points, oregon 0.1%, portion the Nasdaq composite roseate 0.2% to its ain record.
The moves were stronger successful the lipid market, wherever prices climbed much than 2.5% arsenic tankers find the Strait of Hormuz inactive 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.
Even with much costly substance bills, astir large U.S. companies person nevertheless been reporting nett maturation for the commencement of 2026 that’s adjacent stronger than analysts expected. That successful crook has helped the S&P 500 leap 13% since hitting a debased successful precocious March.
This upcoming week could beryllium a blockbuster for the market, with respective of Wall Street’s astir influential stocks scheduled to present their nett reports. Alphabet, Amazon, Meta Platforms and Microsoft are each scheduled to study connected Wednesday alone. Apple volition study connected Thursday.
Verizon Communications joined the database of companies topping analysts’ expectations connected Monday, and its banal roseate 1.5% 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 8.8% aft it reported weaker nett and gross for the latest 4th than analysts expected.
All told, the S&P 500 roseate 8.83 points to 7,137.91. The Dow Jones Industrial Average dipped 62.92 to 49,167.79, and the Nasdaq composite roseate 50.50 to 24,887.10.
In the enslaved market, Treasury yields ticked higher pursuing 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 short-term involvement rates Wednesday, and the statement anticipation among traders is that it volition clasp the national funds complaint steady. Lower rates would springiness the system a boost, but they would besides endanger to worsen ostentation erstwhile lipid is much costly and tariffs are threatening to rise prices for each kinds of different 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 to regenerate him, 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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