{"id":198068,"date":"2026-04-15T14:13:07","date_gmt":"2026-04-15T14:13:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/198068\/"},"modified":"2026-04-15T14:13:07","modified_gmt":"2026-04-15T14:13:07","slug":"wall-street-flirts-with-a-record-after-its-big-rally-the-last-2-weeks","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/198068\/","title":{"rendered":"Wall Street flirts with a record after its big rally the last 2 weeks"},"content":{"rendered":"

By STAN CHOE, AP Business Writer<\/p>\n

NEW YORK (AP) \u2014 The U.S. stock market is flirting with a record Wednesday following its\u00a0big rally<\/a>\u00a0over the last two weeks as hopes have built that the global economy can avoid a worst-case scenario because of the\u00a0U.S.-Iran war<\/a>.<\/p>\n

The S&P 500 rose 0.2% in early trading and was on track to edge past its all-time high, which was set in January. The Dow Jones Industrial Average was up 91 points, or 0.2%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 0.3% higher.<\/p>\n

Treasury yields were also holding relatively steady in the bond market as mediators moved closer to extending the\u00a0ceasefire<\/a>\u00a0between the United States and Iran and restarting negotiations before the agreement expires next week.<\/p>\n

After\u00a0falling nearly 10% below its record<\/a>\u00a0at one point, a drop steep enough that Wall Street calls it a \u201ccorrection,\u201d the S&P 500 has roared 10% higher since late March. That move was mostly on expectations for calming tensions to come in the war and a resumption of the full flow of oil from Persian Gulf producers to customers worldwide through the\u00a0Strait of Hormuz<\/a>.<\/p>\n

If those expectations get dashed,\u00a0which has happened before<\/a>\u00a0in the war, stocks could easily resume their fall. Oil prices drifted up and down on Wednesday and showed that caution remains in financial markets.<\/p>\n

The price for a barrel of Brent crude, the international standard, rose 0.2% to $94.94. That\u2019s still well above its roughly $70 price from before the war, though it\u2019s down from its $119 peak when worries about the fighting have been at their heights.<\/p>\n

But if U.S.-Iran talks do happen and if they are successful, the war could end up being only a temporary setback for the global economy instead of the harbinger of a new normal of very high oil prices and inflation. And that in turn could allow investors to return their attention to what matters most for the stock market: Money.<\/p>\n

Through all the day-to-day noise that can affect investors\u2019 opinions, stock prices tend to move with the direction of corporate profits over the long term. And positive trends there had stock markets worldwide doing well before the war began. Analysts also see continued growth ahead, for now at least.<\/p>\n

Bank of America climbed 2.5% Wednesday after saying it made $8.6 billion in profit during the first three months of the year. That\u2019s up 17% from a year earlier and more than analysts expected.<\/p>\n

CEO Brian Moynihan said the bank saw signs of a \u201cresilient American economy,\u201d including solid spending by U.S. consumers. Trends were encouraging enough that the bank set aside less money to cover potential credit losses during the quarter, $1.3 billion, than the $1.5 billion it did a year earlier.<\/p>\n

Morgan Stanley jumped 5.1% after the investment bank likewise delivered a better-than-expected quarter of results.<\/p>\n

In stock markets abroad, indexes were mixed in Europe following modest gains in Asia.<\/p>\n

In the bond market, the yield on the 10-year Treasury remained at 4.26%, where it was late Tuesday.<\/p>\n

AP Business Writers Yuri Kageyama and Matt Ott contributed to this report.<\/p>\n","protected":false},"excerpt":{"rendered":"By STAN CHOE, AP Business Writer NEW YORK (AP) \u2014 The U.S. stock market is flirting with a…\n","protected":false},"author":2,"featured_media":198069,"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-198068","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\/198068","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=198068"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/198068\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/198069"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=198068"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=198068"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=198068"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}