Trump criticizes Iran's response to the peace plan as "unacceptable" and US stock market rally stalls

Golden Ten Data reported on May 11 that on Monday, U.S. stocks overall lacked a clear direction, but strong corporate earnings continue to prompt Wall Street strategists to raise their S&P 500 targets, while the market is still assessing the uncertainty over the duration of the Iran war. The S&P 500 index opened essentially flat. The strong performance of chip stocks continued to boost the benchmark index, with companies such as Intel and Micron Technology standing out. The tech-heavy Nasdaq 100 index rose slightly by 0.2%, while the Dow Jones Industrial Average fell by 0.1%. "The market still believes a ceasefire agreement will be reached," said Tom Essaye, founder of Sevens Report, explaining this is why a bigger stock sell-off did not occur after Trump called Iran’s response to his proposal to end the war "completely unacceptable".