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Trump said what he called \u201cProject Freedom\u201d would begin Monday morning in the Middle East. The U.S. Central Command said it would involve guided-missile destroyers, more than 100 aircraft and 15,000 service members, but the Pentagon did not immediately answer questions about how they would be deployed.<\/p>\n
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In Asian share trading, Hong Kong’s Hang Seng jumped 1.5% to 26,173.95.<\/p>\n
Markets in mainland China and Japan were closed for \u201cGolden Week\u201d holidays.<\/p>\n
Australia’s S&P\/ASX 200 slipped 0.5% to 8,690.60.<\/p>\n
Strong buying of tech stocks pushed shares in South Korea sharply higher, as the Kospi gained 4.7% to 6,906.36. Samsung Electronics’ shares surged 4.8%.<\/p>\n
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In Taiwan, the Taiex leaped 4.6% as shares in computer chipmaker TSMC, the market heavyweight, shot up 6.6%.<\/p>\n
India’s Sensex gained 0.9%.<\/p>\n
On Friday, the S&P 500 climbed 0.3% to another all-time high of 7,230.12, closing out a fifth straight winning week.<\/p>\n
The Dow Jones Industrial Average dipped 0.3% to 49,499.27, and the Nasdaq composite added 0.9% to a record close of 25,114.44.<\/p>\n
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Apple led the way after delivering better profit than expected. Because it\u2019s one of Wall Street\u2019s biggest stocks in terms of overall size, its rally of 3.3% was by far the strongest force lifting the S&P 500.<\/p>\n
Stock prices generally follow the path of corporate profits over the long term, and U.S. companies have been exceeding expectations for earnings in the first three months of 2026. That\u2019s even with the war with Iran and high oil prices souring confidence for many U.S. households.<\/p>\n
A little more than a quarter of the companies in the S&P 500 have reported already, and 84% of them have topped analysts\u2019 estimates, according to FactSet. The index is on track to deliver roughly 15% growth in profit from a year earlier.<\/p>\n
The main uncertainty for the global economy is where oil prices are heading because of the Iran war. Oil prices spurted higher last week on worries that the war might keep the Strait of Hormuz closed for a long time, trapping oil tankers pent up in the Persian Gulf instead of delivering crude to customers worldwide.<\/p>\n
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Brent was selling for a little more than $70 per barrel before the war began, and soaring prices helped the two biggest U.S. oil companies report stronger profit for the latest quarter than analysts expected. But stock prices nevertheless fell for both Exxon Mobil, 1%, and Chevron, 1.4%, as oil prices regressed Friday and each reported drops in net income from a year earlier.<\/p>\n
In other dealings early Monday, the dollar rose to 156.79 Japanese yen from 156.80 yen. The euro fell to $1.1732 from $1.1746.<\/p>\n","protected":false},"excerpt":{"rendered":"A dealer watches computer monitors at a dealing room of Hana Bank in Seoul, South Korea, Monday, May…\n","protected":false},"author":2,"featured_media":218915,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[7724,153,14670,9,11,10,833,834,828,829,830,831,832,28041,86243,62208],"class_list":["post-218914","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york","tag-asia","tag-donald-trump","tag-iran","tag-new-york","tag-new-york-headlines","tag-new-york-news","tag-package-100024-ap-online","tag-package-100373-mc-complete-state-national","tag-product-30597-ap-business-news-f-wire","tag-product-30598-ap-national-news-report-a-wire","tag-product-31995-ap-online-general-financial-business-news","tag-product-31998-ap-online-national-news","tag-product-32003-ap-online-stock-market-reports","tag-stephen-innes","tag-stocks-markets-rates-oil-iran","tag-strait-of-hormuz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/218914","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=218914"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/218914\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/218915"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=218914"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=218914"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=218914"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}