Federal authorities on Monday arrested a teenager in Georgia who is accused of opening fire last month near a popular University of Iowa nightlife district, injuring five people.
Iowa City officials announced in a news release that U.S. marshals captured Damarian M. Jones, 17, of Cedar Rapids, near Atlanta. He faces multiple charges, including five counts of attempted murder and five counts of assault. He was being held in the Clayton County Jail in Georgia pending a hearing on extradition to Iowa.
The release did not explain how the marshals tracked Jones down, exactly where he was arrested or whether he resisted them. It wasn't immediately clear whether he has an attorney.
Johnson County Attorney Rachel Zimmerman Smith, who would prosecute the case if Jones is moved back to Iowa, said she didn't have any details about the circumstances of the arrest and didn't know if Jones had an attorney. Messages left at the U.S. Marshals Office in Des Moines and the Iowa City Police Department weren’t immediately returned.
Police have said Jones was part of a large fight that broke out along a pedestrian mall lined with shops, bars and restaurants near the Iowa campus just before 2 a.m. on April 19. During a break in the fighting, he allegedly fired six shots toward the crowd and then fled.
One person was shot in the head and another in the arm and chest. Two more people were hit in at least one leg and another person was struck in the stomach. The news release Monday said one victim remained hospitalized but did not specify which one or elaborate on that person's condition.
FILE - This image made from video provided by KCRG shows Iowa City police officers working the scene of a downtown shooting near the University of Iowa campus on Sunday, April 19, 2026. (KCRG via AP, File)
FILE - This image made from video provided by KCRG shows Iowa City police officers working the scene of a downtown shooting near the University of Iowa campus on Sunday, April 19, 2026. (KCRG via AP, File)
NEW YORK (AP) — Oil prices rose Monday as the war with Iran threatens to drag on for longer, but the U.S. stock market nevertheless inched toward more records.
The price for a barrel of Brent crude oil climbed 2.9% to settle at $104.21 after President Donald Trump said the U.S.-Iran ceasefire was on “life support” after he rejected Iran’s latest proposal to end their war. The rejection raises the stakes for Trump’s trip this week to China, where he could urge President Xi Jinping to pressure Iran into making concessions. Xi has influence because China is the biggest buyer of Iran’s sanctioned crude oil.
The war has already sent the price for a barrel of Brent up from roughly $70 and delivered a blast of painful inflation through the global economy. That’s because it has shut the Strait of Hormuz and kept oil tankers stuck in the Persian Gulf instead of delivering crude to customers worldwide.
Still, the U.S. stock market has set a run of records on hopes that the war will not keep oil prices high for very long. Companies are meanwhile producing bigger profits than analysts expected, while signals suggest the U.S. economy is holding up even though households are feeling discouraged by expensive gasoline and tariffs.
On Wall Street, the S&P 500 rose 0.2% from its prior all-time high set on Friday. The Dow Jones Industrial Average gained 95 points, or 0.2%, and the Nasdaq composite added 0.1% to reach its own all-time high.
The majority of stocks within the S&P 500 fell, even though the overall index rose. Among them was Mosaic, which reported much weaker results for the latest quarter than analysts expected.
The fertilizer company is benefiting from higher prices for its products, but it’s also contending with much higher prices for sulfur and other raw materials because of logistics snarls created by the war with Iran. Mosaic’s stock fell 1.8%.
Stocks of companies whose customers have the least cushion to absorb higher gasoline prices also struggled, and Dollar General fell 7.6%. Businesses with big fuel bills likewise had sharp losses, including drops of 4.3% for Royal Caribbean and 3.2% for Southwest Airlines.
Helping to offset that was Fox, which climbed 7.6% after reporting stronger profit and revenue for the latest quarter than analysts expected.
More than four out of every five companies in the S&P 500 that have reported their results for the latest quarter so far have topped profit expectations, and they’re on track to deliver overall growth of nearly 28%, according to FactSet. If that turns out to be the case, it would be the best growth since the end of 2021.
It’s not just U.S. companies muscling past analysts’ profit expectations. Globally, companies are on track for their strongest growth in more than four years, according to Deutsche Bank strategists led by Binky Chadha. The boom in artificial-intelligence technology has helped corporate profits rise at a faster rate than overall economies.
Outside of earnings reports, Beazer Homes USA soared 34% after Dream Finders Homes offered to buy it in a deal valued at roughly $704 million. A combination would create the country’s seventh-largest homebuilder, and Dream Finders is asking Beazer’s shareholders to push its management and board to OK the deal after making several attempts itself.
Dream Finders rose 5%.
Tech stocks were also strong, continuing their big run amid the AI boom. Gains of 2% for Nvidia and 6.5% for Micron Technology were the strongest forces pushing the S&P 500 upward.
All told, the S&P 500 rose 13.91 points to 7,412.84. The Dow Jones Industrial Average added 95.31 to 49,704.47, and the Nasdaq composite gained 27.05 to 26,274.13.
In stock markets abroad, indexes were mixed across Europe and Asia. France’s CAC 40 fell 0.7% for one of the world’s bigger losses, while South Korea’s Kospi soared 4.3% thanks to gains for Samsung Electronics, SK Hynix and other tech stocks benefiting from AI.
In the bond market, Treasury yields ticked higher. The 10-year yield rose to 4.40% from 4.38% late Friday.
Yields had moderated a bit this month, but they remain well above where they were before the war with Iran began. Higher yields can raise rates for mortgages and other kinds of loans going to U.S. households and businesses, which in turn can slow the economy. Higher yields also tend to push downward on prices for stocks and other kinds of investments.
A report on Monday said the pace of sales for previously occupied U.S. homes was weaker last month than economists expected.
AP Business Writers Chan Ho-him and Matt Ott contributed to this report.
Options trader Brian Garvey, center, works on the floor of the New York Stock Exchange, Monday, May 11, 2026. (AP Photo/Richard Drew)
Options trader Steven Rodriguez, center, works on the floor of the New York Stock Exchange, Monday, May 11, 2026. (AP Photo/Richard Drew)
Specialists Anthony Matesic, left, and Dilip Patel work on the floor of the New York Stock Exchange, Monday, May 11, 2026. (AP Photo/Richard Drew)
FIL:E - The New York Stock Exchange is shown in New York's Financial District on Dec. 23, 2024. (AP Photo/Peter Morgan, File)
The South Korean-operated vessel HMM NAMU is docked after being damaged from a fire following an explosion in the Strait of Hormuz, at a port in Dubai, United Arab Emirates, Friday, May 8, 2026. (Kim Sang-hun/Yonhap via AP)
Options trader Justin Kanda works on the floor of the New York Stock Exchange, Thursday, May 7, 2026. (AP Photo/Richard Drew)
People walk in front of an electronic stock board showing Japan's Nikkei index at a securities firm Monday, May 11, 2026, in Tokyo. (AP Photo/Eugene Hoshiko)
People work and rest near an electronic stock board showing Japan's Nikkei index in an office building Monday, May 11, 2026, in Tokyo. (AP Photo/Eugene Hoshiko)
A man sweeps in front of an electronic stock board showing Japan's Nikkei index at a securities firm Monday, May 11, 2026, in Tokyo. (AP Photo/Eugene Hoshiko)
People stand in front of an electronic stock board showing Japan's Nikkei index at a securities firm Monday, May 11, 2026, in Tokyo. (AP Photo/Eugene Hoshiko)
