US open: Stocks slip after Trump dismisses Iran peace offer
11th May 2026 14:28
(Sharecast News) - Major indices traded slightly lower at the bell on Monday after Donald Trump rejected Iran's latest proposal to end their conflict.
As of 1445 BST, the Dow Jones Industrial Average was down 0.14% at 49,541.10, while the S&P 500 shed 0.04% to 7,396.33 and the Nasdaq Composite came out of the gate 0.20% weaker at 26,195.03.
The Dow opened just 68.06 points lower on Monday, erasing modest gains recorded in the previous session after April's non‑farm payrolls report showed the US economy had added 115,000 jobs in April - comfortably ahead of the 63,000 expected.
Stocks were in the red after Iran submitted a new proposal to US negotiators aimed at ending the months‑long conflict, with the counteroffer calling for a halt to fighting on all fronts and the lifting of sanctions on Tehran, according to Tasnim.
However, Trump dismissed the response in a social media post, calling it "TOTALLY UNACCEPTABLE!". Oil futures rose in overnight trading following his comments, with West Texas Intermediate up 2.64% at $97.94 a barrel, while international benchmark Brent crude was changing hands at $103.94 a barrel - up 2.62%.
Fears regarding a prolonged conflict in the Middle East also grew after Israel's Benjamin Netanyahu said its conflict with Iran was "not over".
On the macro front, April existing home sales figures will be published at 1500 BST.
No major corporate earnings were slated for release on Friday.
Reporting by Iain Gilbert at Sharecast.com
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Cisco Systems Inc. (CSCO) $96.57 4.72%
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Boeing Co. (BA) $237.36 2.74%
Apple Inc. (AAPL) $293.32 1.57%
Goldman Sachs Group Inc. (GS) $936.48 1.15%
Amgen Inc. (AMGN) $331.70 0.38%
Verizon Communications Inc. (VZ) $47.22 0.28%
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McDonald's Corp. (MCD) $275.75 -2.80%
Salesforce.Com Inc. (CRM) $181.82 -2.43%
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JP Morgan Chase & Co. (JPM) $302.10 -1.36%
Dow Chemical Co. (DOW) $36.87 -1.21%
American Express Co. (AXP) $316.03 -0.83%
Merck & Co. Inc. (MRK) $111.38 -0.82%
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Gen Digital Inc. (GEN) $22.68 12.44%
Intel Corp. (INTC) $124.92 11.62%
Humana Inc. (HUM) $274.96 11.27%
Advanced Micro Devices Inc. (AMD) $455.19 10.04%
HP Inc (HPQ) $22.68 8.05%
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Fluor Corp. (FLR) $43.31 -15.21%
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Micron Technology Inc. (MU) $746.81 14.40%
Monster Beverage Corp (MNST) $86.29 12.67%
Gen Digital Inc. (GEN) $22.68 12.44%
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Expedia Group Inc. (EXPE) $229.98 -8.60%
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