Trump slams Iran's response to peace plan as "unacceptable," US stock rally stalls

Odaily Odaily News: The overall US stock market lacks a clear direction, but strong corporate earnings reports are prompting Wall Street strategists to continue raising their S&P 500 targets, while the market is still assessing the uncertainty surrounding the duration of the Iran conflict. The S&P 500 index opened roughly flat.

The strong performance of chip stocks continues to boost the benchmark index, with companies like Intel and Micron Technology standing out the most. The tech-heavy Nasdaq 100 index edged up 0.2%, while the Dow Jones Industrial Average fell 0.1%. "The market still believes a ceasefire agreement will be reached," said Tom Esaye, founder of Sevens Report, explaining why stocks didn't sell off more sharply after Trump stated that Iran's response to his proposal to end the war was "completely unacceptable." (Jin Shi)