\u201cgreat progress has been made\u201d<\/a>\u00a0with \u201cA NEW, AND MORE REASONABLE, REGIME to end our Military Operations in Iran.\u201d<\/p>\nBut he also threatened the possibility of \u201cblowing up and completely obliterating\u201d Iranian power plants if a deal is not reached shortly and if the Strait of Hormuz, an integral waterway for the flow of oil, is not opened immediately.<\/p>\n
The statement fit and condensed last week\u2019s pattern, where Trump would tout progress being made in talks and offer some optimism for the market, only for doubts to rise quickly afterward about whether the war can end soon.<\/p>\n
All the back and forth has some investors saying they\u2019re giving Trump\u2019s pronouncements less weight than before. But stock prices are nevertheless cheaper than they were before the war, which has some investors waiting for an opportune time to buy.<\/p>\n
The S&P 500 finished last week 7.4% below its all-time high, which was set in January. The Dow and Nasdaq both were more than 10% below their records, a steep-enough fall that professional investors call it a \u201ccorrection.\u201d<\/p>\n
Taking into account how much profits are expected to grow in the coming year for companies in the S&P 500, the index looks 17% cheaper than before the war, by one measure. That\u2019s in a similar range as where prior growth scares for the market ended, as long as they didn\u2019t result in a recession or the Federal Reserve hiking interest rates, according to strategists at Morgan Stanley.<\/p>\n
That\u2019s one of the signs that the strategists led by Michael Wilson point to as \u201cgrowing evidence the S&P 500 correction is getting closer to its ending stages.\u201d<\/p>\n
Of course, the Federal Reserve could upset that if it decides oil prices are threatening to stay high for long enough that it needs to raise interest rates. Higher interest rates would help keep a lid on inflation, but they would also slow the economy and push down on prices for all kinds of investments.<\/p>\n
Treasury yields have been leaping in the bond market since the war began because of such worries, but they eased somewhat on Monday.<\/p>\n
The yield on the 10-year Treasury fell to 4.33% from 4.44% late Friday. That\u2019s a significant move for the bond market and offers some breathing room for Wall Street. But it remains far above its 3.97% level from before the war.<\/p>\n
Easing bond yields can help the real estate industry in particular. Not only do they lower borrowing costs, they can also make real-estate stocks that pay relatively high dividends look more attractive relative to bonds.<\/p>\n
Real-estate stocks in the S&P 500 rose 1.5% for the biggest gain among the 11 sectors that make up the index. That includes a 2.5% rise for Alexandria Real Estate, which owns megacampuses for life-sciences companies across the country.<\/p>\n
Alcoa jumped 10.3% for one of the market\u2019s biggest gains on speculation it could get more business after attacks damaged rival aluminum facilities in the Middle East over the weekend.<\/p>\n
Sysco fell 11.9% after it said it was\u00a0buying Jetro Restaurant Depot<\/a>\u00a0for $21.6 billion in cash and enough Sysco shares to value the company at about $29.1 billion.<\/p>\nIn stock markets abroad, the FTSE 100 in London climbed 1.6%, and the CAC 40 in Paris rose 0.9%. That followed drops of 3% for Seoul\u2019s Kospi, 2.8% for Tokyo\u2019s Nikkei 225 and 0.8% for Hong Kong\u2019s Hang Seng.<\/p>\n
AP Business Writers Yuri Kageyama and Matt Ott and AP journalist Ayaka McGill contributed to this report.<\/p>\n","protected":false},"excerpt":{"rendered":"By STAN CHOE, AP Business Writer NEW YORK (AP) \u2014 U.S. stocks are swinging again Monday as oil…\n","protected":false},"author":2,"featured_media":179769,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[12673,63309,4835,9,11,10,3971,38914,12672,12671,3417],"class_list":{"0":"post-179768","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-york","8":"tag-dow-jones-industrial-average","9":"tag-iran-war","10":"tag-nasdaq","11":"tag-new-york","12":"tag-new-york-headlines","13":"tag-new-york-news","14":"tag-new-york-stock-exchange","15":"tag-oil-prices","16":"tag-sp-500","17":"tag-stock-market-today","18":"tag-wall-street"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/179768","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=179768"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/179768\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/179769"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=179768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=179768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=179768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}