Phillies beef up lineup with 3-time NL batting champion Luis Arraez from San Francisco

PHILADELPHIA (AP) — The Phillies have acquired three-time batting champion Luis Arraez from the San Francisco Giants in a move for the proven bat Philadelphia's lineup needed in its chase for a fifth straight trip to the playoffs and first World Series championship since 2008.

Arraez is batting a National League-best .324 with four homers and 47 RBIs with an .801 OPS. He’s a four-time All-Star and, of importance in the free-swinging Phillies lineup, is a contact hitter who rarely strikes out.

He has struck out just 236 times over his eight-year career.

Arraez has 25 walks to 21 strikeouts this season. The Phillies .304 on-base is second worst in the majors, only ahead of the New York Mets.

The Phillies also acquired right-hander reliever Caleb Kilian in the trade in exchange for minor league right-handed pitchers Ramon Marquez and Marty Gair.

The Giants are 47-65 and have been of baseball’s bigger disappointments.

The Phillies also struck a separate deal for Mets left-hander Brooks Raley in exchange for minor league right-handed pitcher Luke Gabrysh and minor league outfielder John Spikerman.

Raley has a 5-5 record with a 1.96 ERA and 40 strikeouts in 45 games. His 1.96 ERA is tied for the fourth-lowest mark in the majors among left-handed relievers and 35 appearances this season have been scoreless.

Arraez's arrival for a team that has reached the playoffs four straight years signals a major shift in the defensive core lineup. Second Bryson Stott or third baseman Alex Bohm could shift positions, or possibly one of them could lose their starting spots.

Bohm could be the odd-man out at third since the Phillies could more easily shift Stott to third base. The Phillies could also send first baseman Bryce Harper back to right field and move Bohm to first base.

Bohm could also be traded before the end of Monday's deadline.

Arraez is eligible for free agency at the end of the season, so Harper's move to right field could be a temporary change and one that allows for the Phillies to put out their best offensive lineup.

Harper has played first base since 2023 when he returned from Tommy John surgery on his right elbow.

The Phillies entered Monday’s game against Washington at 59-53 and hold one of the final NL wild-card spots. They are eight games back of Atlanta in the NL East.

Arreaz led the National League in hits the past two seasons and had signed a $12 million, one-year contract this season with the Giants. He spent his first five major league seasons with the Minnesota Twins before they traded him to the Miami Marlins in January 2023. San Diego acquired him in May 2024.

Harper challenged team president Dave Dombrowski to upgrade the roster, and he came out swinging with deals that — while not at the level of the Dodgers trading for Tarik Skubal — showed the Phillies are serious about staying in the playoff hunt and making a World Series push in October.

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New York Mets pitcher Brooks Raley throws during the sixth inning of a baseball game against the Miami Marlins, Sunday, Aug. 2, 2026, in New York. (AP Photo/Noah K. Murray)

San Francisco Giants first baseman Rafael Devers, center, celebrates with teammates second baseman Luis Arraez, left, and third baseman Christian Koss after the Giants defeated the San Diego Padres 4-1 in a baseball game Thursday, July 30, 2026, in San Diego. (AP Photo/Gregory Bull)

San Diego Padres' Luis Rengifo (21) is tagged out by San Francisco Giants second baseman Luis Arraez, left, as he tries to steal second during the first inning of a baseball game Sunday, Aug. 2, 2026, in San Diego. (AP Photo/Denis Poroy)

San Francisco Giants' Luis Arraez reacts while batting during the fourth inning of a baseball game against the San Diego Padres Thursday, July 30, 2026, in San Diego. (AP Photo/Gregory Bull)

San Francisco Giants' Luis Arraez jokes with players in the San Diego Padres dugout as he stands on first base after getting hit by a pitch during the fourth inning of a baseball game Thursday, July 30, 2026, in San Diego. (AP Photo/Gregory Bull)

NEW YORK (AP) — Oil prices are easing on Monday and helping to calm Wall Street’s worries that inflation could get even worse. That has U.S. stock indexes rallying, though sharp swings are continuing to roil underneath the surface.

The S&P 500 rose 1.3% following its wild July, where it swung up and down as oil prices shot higher because of the war with Iran and other worries. The Dow Jones Industrial Average was up 533 points, or 1%, as of 12:27 p.m. Eastern time, and the Nasdaq composite was 2% higher.

Stocks got a lift as the price for a barrel of Brent crude sank 4.7% to $83.83. It dropped after President Donald Trump said over the weekend that he decided to hold off on new strikes against Iran at the urging of allies in the region.

Brent's price careened between $72 and $102 last month as worries rose and fell about when the war with Iran would allow oil tankers to freely exit the Persian Gulf again to deliver crude to customers worldwide. The latest acquiescence by Trump on Iran helped to ease worries about the global flow of crude, and Treasury yields correspondingly fell in the bond market.

The yield on the 10-year Treasury sank to 4.69% from 4.75% late Friday. It, though, remains well above its 3.97% level from before the war with Iran.

Higher yields threaten to undercut prices for stocks and other investments, while slowing the economy by making borrowing more expensive for U.S. households and businesses. The average long-term U.S. mortgage rate has already leaped to its highest level in a year.

Monday's ease in oil prices helped airlines and other companies with big fuel bills lead the market. United Airlines flew 5.4% higher, while American Airlines climbed 5%. Norwegian Cruise Line Holdings steamed 4.6% higher.

Tyson Foods rose 2% after the meat company reported a slightly stronger profit for the spring than analysts expected. CEO Donnie King said strength is continuing in the company's chicken business and its prepared foods, which include brands like Jimmy Dean and Hillshire Farm.

It joined a lengthening list of big U.S. companies to deliver a bigger profit for the spring than analysts expected. That's imperative for Wall Street because stock prices tend to follow the path of corporate earnings over the long term, and worries were rising that stock prices may have already shot too high.

Companies in the S&P 500 are on track to deliver earnings per share for the spring that are 47% higher than a year before, according to FactSet, with more than half of the companies having already reported. If that ends up being the case, it would be the strongest growth since the spring of 2021, when the economy was roaring out of the COVID pandemic.

Also offering encouragement for profits was a report on Monday showing that growth for U.S. manufacturing accelerated to its strongest level since 2022.

Keeping Wall Street unsettled, though, were swings for stocks of companies that make computer chips. They've been veering up and down for weeks on worries about whether their surging revenues because of the artificial-intelligence boom are sustainable.

If AI ends up producing less profit and productivity than hoped, Big Tech companies could curtail their spending sprees on data centers that have helped chip stocks soar to tremendous heights.

Micron Technology went from a drop of 6.4% to a gain of 0.7% during Monday's first 90 minutes of trading, for example. It's still up roughly 190% for the year so far.

The manic swings for AI stocks have been most dramatic in South Korea, where the Kospi index is dominated by just two tech titans, Samsung Electronics and SK Hynix.

Seoul’s Kospi fell 5.1% Monday, coming off Friday's 17.9% surge that was its best day in history.

In neighboring Japan, Tokyo’s Nikkei 225 fell 0.9% after the United States and Japan confirmed they had moved together to to prop up the value of the Japanese yen against the dollar. A stronger yen would help to limit inflation in Japan, but it could also potentially hurt Japan’s exporters.

AP Writers Matt Ott, Elaine Kurtenbach, Mayuko Ono and Mari Yamaguchi contributed to this report.

A trader works on the floor of the New York Stock Exchange, Thursday, July 30, 2026, in New York. (AP Photo/Yuki Iwamura)

A trader works on the floor of the New York Stock Exchange, Thursday, July 30, 2026, in New York. (AP Photo/Yuki Iwamura)

A person walks past an electronic board showing the U.S. dollar and Japanese yen exchange rate at a securities firm in Tokyo on Monday, Aug. 3, 2026. (AP Photo/Eugene Hoshiko)

People walk past an electronic board showing Japan's Nikkei index at a securities firm in Tokyo on Monday, Aug. 3, 2026. (AP Photo/Eugene Hoshiko)

A person walks past an electronic board showing the U.S. dollar and Japanese yen exchange rate at a securities firm in Tokyo on Monday, Aug. 3, 2026. (AP Photo/Eugene Hoshiko)

A person walks past an electronic board showing Japan's Nikkei index at a securities firm in Tokyo on Monday, Aug. 3, 2026. (AP Photo/Eugene Hoshiko)

A person walks past an electronic board showing Japan's Nikkei index and U.S. dollar and Japanese yen exchange rate at a securities firm in Tokyo Monday, Aug. 3, 2026. (AP Photo/Eugene Hoshiko)