Maria Aspin

Wall Street had largely shrugged off the war in recent days.

Last week, the tech-heavy Nasdaq and the benchmark S&P 500 even hit new highs.

But now, investors are getting worried again.

The renewed hostility sent the price of oil higher, sparking fears of more inflation.

The energy crisis has already made some consumers cut back on vacations.

Shares in Norwegian Cruise Line tumbled after the company cut its full-year outlook and said customers are rethinking their travel plans.

Maria Aspen, NPR News.

More than 100 big companies are due to report earnings this week.

Wall Street will be paying close attention to the controversial tech company Palantir, whose AI software is used by the U.S.

government.

Investors will also be watching Walt Disney, CVS, and McDonald's.

The markets have generally been happy so far with this latest round of corporate results, despite ongoing worries about both the energy crisis and the AI bubble.

The tech-heavy Nasdaq and the benchmark S&P 500 both started the month hitting new record highs.

Meanwhile, Wall Street will get a different window into the state of the economy on Friday, when the government releases its monthly jobs report.

Maria Aspin, NPR News.

Warsh is Trump's nominee to replace Powell when Powell's term expires next month.

But the DOJ investigation was becoming a real problem, including for members of Trump's own party.

Senator Tom Tillis, a Republican who's a key member of the Banking Committee, had threatened to hold up Warsh's confirmation until the Trump administration dropped this criminal probe.

It's the height of earnings season when big companies reveal their results for the last three months and tell investors how they're feeling about the broader economy.

So far, things have been looking pretty rosy, despite weeks of uncertainty over the war in Iran.