S&P 500, Nasdaq hit records despite Iran oil shock
The S&P 500 and Nasdaq Composite hit records as investors bet strong earnings will outweigh Iran-related oil risks.
Ben Carter is a staff writer at P&L, covering markets, dealmaking, and public companies. He previously worked in equity research, focusing on valuation, earnings, and IPOs.
The S&P 500 and Nasdaq Composite hit records as investors bet strong earnings will outweigh Iran-related oil risks.
Germany’s economy ministry cut its 2026 growth forecast to 0.5% as higher oil and gas prices lifted inflation expectations.
The MBA said purchase applications jumped 10% as the 30-year mortgage rate fell to 6.35%, but affordability remains uneven.
US mortgage applications for home purchases rose 10.1% last week as the average 30-year rate fell to 6.35%, its lowest since mid-March.
Brent crude moved back above $100 a barrel as Iran seized ships in the Strait of Hormuz, while Japan and South Korea stocks hit record highs after Trump extended the truce.
Jamieson Greer says the two sides remain fundamentally misaligned ahead of the 1 July USMCA review.
The average 30-year mortgage rate fell to 6.35%, and home purchase applications rose 10% last week as buyers returned to the market.
Germany cut its 2026 growth forecast to 0.5% as the Iran war drives an energy shock, raising inflation and weighing on business confidence.
Japan’s Nikkei 225 and South Korea’s Kospi hit record intraday highs as investors shrugged off Iran tensions and bought into tech strength.
Germany's ZEW economic sentiment fell to minus 17.2 in April as energy prices surged after the Middle East conflict.
Mortgage rates eased to 6.35%, lifting purchase applications 10% as buyers stepped back into the market, according to the MBA.
Germany cut its 2026 growth forecast to 0.5% as the Iran war lifts energy costs and clouds the export outlook.