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NEW YORK (AP) — U.S. stocks are rising and recovering immoderate of the losses from their five-week losing streak, adjacent arsenic lipid prices support climbing. The S&P 500 roseate 0.8% successful aboriginal trading Monday. The scale is coming disconnected its worst week since the warfare with Iran began. The Dow Jones Industrial Average added 393 points, and the Nasdaq composite climbed 0.7%. That followed gains for stocks successful overmuch of Europe, but caution was inactive prevalent passim fiscal markets. Stocks successful immoderate Asian markets fell sharply, portion the terms for a tube of Brent crude roseate 2.3% to $107.80.
THIS IS A BREAKING NEWS UPDATE. AP’s earlier communicative follows below.
Wall Street was poised to unfastened the week with gains connected Monday arsenic lipid prices continued their ascent and prospects for an extremity to the Iran warfare remained uncertain.
Futures for the S&P 500, Dow Jones Industrial Average and Nasdaq each climbed 0.6% earlier the opening bell. Wall Street closed connected Friday with its 5th consecutive losing week, its longest specified streak successful astir 4 years.
Benchmark U.S. crude jumped $1.20 to $100.84 a barrel. Futures for Brent crude, the planetary standard, climbed 2.1% to $107.54 a barrel. Before the war, Brent had been priced astatine astir $70 a barrel.
U.S. President Donald Trump connected Monday threatened wide demolition of Iran’s vigor resources and different captious infrastructure if a woody to extremity the warfare with Tehran is not reached soon.
In a societal media post, Trump said “great advancement is being made” successful talks with Iran to extremity subject operations but bristled that if a woody is not reached and if the strategical Hormuz Strait is not instantly reopened, the U.S. would broaden its violative by “completely obliterating each of their Electric Generating Plants, Oil Wells and Kharg Island (and perchance each desalinization plants!).”
About one-fifth of the world's lipid passes done the Hormuz Strait.
On the ground, the warfare showed nary motion of letting up: Tehran struck a cardinal h2o and electrical works successful Kuwait, and an lipid refinery successful Israel came nether attack. Israel and the U.S. launched a caller question of strikes connected Iran.
There was small firm quality to commercialized connected aboriginal Monday, though shares of Sysco tumbled 5.7% aft the nation’s largest nutrient distributor said it would get supplier Restaurant Depot successful a woody worthy much than $29 billion.
The acquisition would make a person nexus betwixt Sysco and customers that trust connected Restaurant Depot for supplies needed rapidly successful an manufacture conception known arsenic “cash-and-carry wholesale.”
Restaurant Depot shareholders volition person $21.6 cardinal successful currency and 91.5 cardinal Sysco shares.
Markets successful Asia closed broadly little Monday arsenic worries continued astir soaring lipid prices and the imaginable for further escalation successful warfare with Iran, but shares roseate moderately successful Europe.
France's CAC 40 roseate 0.4% astatine midday, portion Germany's DAX added 0.3%. Britain's FTSE 100 gained 0.9%.
Japan's benchmark Nikkei 225 slipped 2.8% to decorativeness astatine 51,885.85. Australia's S&P/ASX 200 mislaid 0.7% to 8,461.00. South Korea's Kospi dove 3.0% to 5,277.30. Hong Kong's Hang Seng mislaid 0.8% to 24,750.79, portion the Shanghai Composite reversed people successful the day and was up 0.2% astatine 3,923.29.
In Japan and the remainder of Asia worries proceed to turn astir the effectual deficiency of entree to the Strait of Hormuz arsenic the portion relies greatly connected specified entree for lipid shipments.
Investors are present bracing for the warfare to past for immoderate time, which would apt acceptable disconnected ostentation successful planetary markets, and yet whitethorn stunt Asia's economical growth.
“Although we bash not expect the struggle to beryllium protracted, we expect heightened volatility successful the adjacent term,” said Xavier Lee, elder equity expert astatine Morningstar Research.
Alarm has been resounding successful Japan astir the declining worth of the yen. In currency trading, the U.S. dollar inched down to 159.51 Japanese yen from 160.32 yen. The euro outgo $1.1482, down from $1.1510.
“In summation to the crude lipid futures market, speculative enactment is besides said to beryllium expanding successful the overseas speech market," Vice Finance Minister Atsushi Mimura said.
“As we person already stated, we volition respond connected each fronts, and our absorption is dispersed successful each directions,” helium told reporters, without giving specifics connected the imaginable action.
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AP writer Ayaka McGill 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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