Stocks Rally Stalls as Trump Pans Iran’s Response to Peace Plan
Traders work on the floor of the New York Stock Exchange.
Photographer: Michael Nagle/BloombergUS equities struggled for direction Monday as strong earnings reports spurred bullish Wall Street strategists to raise their targets on the S&P 500 this year despite lingering concerns about the duration of the Iran war.
The S&P 500 opened little changed on Monday. Strength in chip stocks continued to buoy the US benchmark with Intel Corp. and Micron Technology Inc. were among the top performers. The tech-heavy Nasdaq 100 edged 0.2%, while the Dow Jones Industrial Average slipped 0.1%.