Bonds & Stocks
Stocks rose as a decline in oil prices halted a selloff in bonds, with traders awaiting Nvidia Corp.’s results for clues on whether a tech-led surge from 2026 lows has more room to run.
Economy
US mortgage rates increased last week to an almost two-month high, weighing on home purchase activity. The contract rate on a 30-year mortgage rose 10 basis points to 6.56% in the week ended May 15.
World
Iran warned it would retaliate beyond the Middle East if the US or Israel restarts attacks on the Islamic Republic, following renewed threats from President Donald Trump.