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The U.S. stock market has suffered a significant correction in every single midterm election year since 1950, warns Lansing Street Advisors.
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Wall Street rallies to the edge of its all-time high as oil prices ease AP NewsOil extends declines as possible U.S.-Iran talks raise hopes for Mideast peace deal CNBCOil prices fall for a second day on expectations US-Iran talks may resume ReutersStock market today: S&P 500, Nasdaq rally toward record highs, oil tumbles as Iran deal optimism grows Yahoo Finance
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The S&P 500 was back near its all-time high on Tuesday as investors in U.S. stocks appeared content to look past the fact that the Strait of Hormuz was still mostly closed.
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Investors saw a possible path to peace, with the United States and Iran trading proposals for Iran to suspend nuclear activity.
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JPMorgan beat earnings expectations amid record market revenue, but a downbeat outlook for net interest income hurt the stock.
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Stocks of a number of consumer discretionary sector companies were falling amid worries that rising gasoline prices as a result of the latest escalation in the Middle East conflict would hurt consumer sentiment and spending.
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