U.S. stocks showed mixed performance on Monday, May 11, as investors weighed strong corporate earnings against geopolitical tensions. The S&P 500 opened flat, buoyed by gains in semiconductor stocks, with Intel and Micron Technology leading the charge. The Nasdaq 100 rose 0.2%, while the Dow Jones Industrial Average fell 0.1%.
The market's cautious optimism persisted despite former President Trump's criticism of Iran's response to his peace proposal, which he deemed "completely unacceptable." Wall Street strategists continued to raise their S&P 500 targets, reflecting confidence in a potential ceasefire agreement in the ongoing conflict with Iran.
Trump Criticizes Iran's Peace Plan Response Amid Mixed U.S. Stock Performance
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