SANTO DOMINGO, Dominican Republic (AP) — The sibling owners of the Santo Domingo nightclub where a roof collapse killed 236 people and injured more than 100 last year will stand trial for involuntary manslaughter, a judge ruled Monday.
Antonio and Maribel Espaillat, the owners of Jet Set nightclub, could face up to 2 years in prison if found guilty.
The April 8, 2025 collapse reverberated across the Dominican Republic, with authorities working frantically for days to reach people under the rubble.
The ruling Monday by Magistrate Reymundo Mejía Zorrilla of the First Court of Instruction of the National District in Santo Domingo drew frustration from victims' relatives who were hoping for homicide charges that carry stiffer penalties of up to 20 years in prison.
The ruling said that the case did not warrant a homicide charge because that would indicate the defendants knew that their negligence would cause the deaths of the victims. But if they could have foreseen the roof collapse, “logic and reason" suggest they would not have endangered their own lives in addition to those of the victims, the ruling said.
About 30 relatives of the victims had gathered at the courthouse ahead of the hearing, holding hands and praying.
Prosecutors have previously accused the Espaillats of trying to intimidate or manipulate employees. Antonio Espaillat is considered a powerful business person, owning upscale entertainment centers and dozens of local radio stations. The Public Prosecutor’s Office has asserted that it has hundreds of pieces of evidence tying the siblings to the collapse.
Hundreds of people including athletes and politicians were at Jet Set when the roof collapsed, attending a concert by singer Rubby Pérez, who was among the victims. Others included former MLB pitcher Octavio Dotel, who was pulled from the debris but died in a hospital.
The Espaillats will be tried together. No date has been set for the trial.
FILE - Rescue workers search for bodies at the Jet Set nightclub after its roof collapsed during a merengue concert in Santo Domingo, Dominican Republic, April 10, 2025. (AP Photo/Matias Delacroix, File)
FILE - Antonio Espaillat, center, the owner of the Jet Set nightclub, whose roof collapse in 2025 resulted in fatalities, arrives at court for trial in Santo Domingo, Dominican Republic, April 27, 2026. (AP Photo/Ricardo Hernandez, File)
NEW YORK (AP) — Stock markets rallied worldwide, and oil prices eased after the United States and Iran reached a tentative deal to get the global flow of crude going again. The S&P 500 rose 1.7% Monday on hopes that this time, the announcement of an Iran-U.S. agreement will mean a long-term fix to a conflict that has worsened inflation around the world. The Dow Jones Industrial Average climbed 0.9%, and the Nasdaq composite jumped 3.1%. Brent crude’s price fell 4.8%, helping stocks of companies with big fuel bills to lead the market. AI stocks also rallied following their sharp swings over the last couple weeks.
THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.
NEW YORK (AP) — Stock markets rallied worldwide Monday, and oil prices eased after the United States and Iran reached a tentative deal to extend their ceasefire and reopen the Strait of Hormuz to get the global flow of crude going again.
The S&P 500 rose 1.7% on hopes that this time, the announcement of an Iran-U.S. agreement will mean a long-term fix to a conflict that has worsened inflation around the world. The Dow Jones Industrial Average was up 584 points, or 1.1%, with an hour remaining in trading, and the Nasdaq composite was 3% higher.
Stocks got a lift after the price for a barrel of Brent crude oil fell 4.8% to $83.17, back to where it was in early March. While that’s still above its price of roughly $70 from before the war, it’s lower than the $100 plus it cost just a few weeks ago. The hope is that lower oil prices will take pressure off households and businesses, which have had to pay higher prices for everything from food to fuel to fertilizer because of the war with Iran.
Iran confirmed the deal, but it does not include a final agreement on issues like Iran’s nuclear program. Negotiations on that are expected to continue over the next 60 days, which leaves opportunity for hiccups that could derail the agreement. And even if the Strait of Hormuz does fully reopen on Friday as expected, it will take months for the energy industry to get back to full speed.
For now, though, relief swept through financial markets worldwide.
On Wall Street, stocks of companies with big fuel bills were instant winners. United Airlines flew 4.2% higher, and cruise operator Carnival rose 3.3%.
Stocks of companies enmeshed in the artificial-intelligence industry also jumped. These stocks have yo-yoed in recent weeks, going from roaring to records to suddenly turning lower. The concern is whether such stocks shot too high, too fast because of AI mania, and their careening moves have sometimes reversed direction by the hour.
Micron Technology rallied 10.8%, and Advanced Micro Devices rose 6.9%. Nvidia’s climb of 3.4% was the strongest force pushing the S&P 500 upward because the AI chip company is Wall Street’s most valuable company, giving it more weight on the index than any other.
SpaceX, Elon Musk’s rocket company that also owns the AI company xAI, rose 16.3% in its second day of trading on Wall Street. Its successful debut on the Nasdaq suggested plenty of demand still exists among investors for AI. The market has given SpaceX a total value of more than $2.1 trillion, making it bigger than Exxon Mobil, Bank of America and Coca-Cola combined.
In the bond market, Treasury yields eased on hopes that lower oil prices will remove pressure on central banks to raise interest rates.
The yield on the 10-year Treasury slipped to 4.46% from 4.48% late Friday.
Europe’s central bank last week became the first major one in the world to raise interest rates to combat high inflation. High interest rates can keep a lid on inflation, but they also slow economies and undercut prices for all kinds of investments, including stocks and cryptocurrencies. They hit investments seen as the most expensive in particular, and some critics are calling the AI industry a bubble where investment inflated too far.
The Fed will announce its latest decision on interest rates later this week, which will be the first under its new chair, Kevin Warsh. President Donald Trump nominated Warsh to the position, and Trump has loudly been calling for lower interest rates.
But traders see it as a near certainty that the Fed will leave its main interest rate steady after its two-day meeting ends Wednesday. Traders had been raising bets that the Fed may actually have to raise interest rates this year because of how much inflation accelerated and how solid the U.S. job market remains.
But the tentative deal between the United States and Iran means traders are now betting on only a 58% chance of a hike this year, down from 71% a week ago, according to data from CME Group.
Elsewhere on Wall Street, Roku fell 1.2% after the company announced that Fox Corp. is buying the streaming pioneer in a cash-and-stock deal valued at approximately $22 billion.
Roku's stock had already soared 20% Friday, when media reports emerged about a deal, which will give Fox access to the Roku channel, first-party data and more than 100 million global streaming households. Fox's stock fell 16.7%.
In stock markets abroad, indexes climbed in Asia and Europe. Japan’s Nikkei 225 jumped 5% for one of the world’s biggest gains and finished at a record.
“This is great news,” said Takashi Hiroki, chief strategist at Monex. “Buying by foreign investors is leading the market with expectations of easing tensions around the situation in the Middle East.”
South Korea’s Kospi surged even more, 5.2%, thanks in part to continued rallies for AI winners like Samsung Electronics.
London's FTSE 100 was an outlier and slipped 0.4%.
AP Business Writers Matt Ott and Elaine Kurtenbach and Senior Producer Mayuko Ono contributed to this report.
Options trader, and New York Knicks fan Ousama Fayek works on the floor of the New York Stock Exchange, Monday, June 15, 2026. (AP Photo/Richard Drew)
Options trader, and New York Knicks fan Ousama Fayek works on the floor of the New York Stock Exchange, Monday, June 15, 2026. (AP Photo/Richard Drew)
Trader Daniel Kryger, left, works on the floor of the New York Stock Exchange, Monday, June 15, 2026. (AP Photo/Richard Drew)
Trader Patrick Casey works on the floor of the New York Stock Exchange, Wednesday, June 3, 2026. (AP Photo/Richard Drew)
Specialist Gregg Maloney works at his post on the floor of the New York Stock Exchange, Monday, June 1, 2026. (AP Photo/Richard Drew)
Currency traders watch monitors at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Friday, June 12, 2026. (AP Photo/Ahn Young-joon)
A dealer walks past a screen showing the Korea Composite Stock Price Index (KOSPI) at a dealing room of Hana Bank in Seoul, South Korea, Thursday, June 11, 2026. (AP Photo/Lee Jin-man)
