From Oil Shock To Earnings Pop

2026-05-10 09:00:00 ET

Real Estate Weekly Outlook

U.S. equity markets extended their record-setting rally this week, while oil prices retreated from recent highs, as investors balanced tentative progress toward U.S.-Iran peace against a resilient domestic growth backdrop and a surprisingly upbeat corporate earnings season. Reports that U.S. and Iranian officials were working on a potential peace framework helped ease some of the most acute energy-shock concerns, even as clashes near the Strait of Hormuz underscored the fragility of the monthlong ceasefire. Markets instead focused on signs that the U.S. economy continues to weather the disruption better than feared, underscored by payroll data showing back-to-back monthly job gains for the first time in nearly a year. Earnings momentum also remained a major tailwind, with first-quarter profit growth tracking well ahead of early-season expectations and on pace for its strongest expansion since 2021....

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