U.S. Stocks Show Mixed Performance Amid Uncertainty Over Iran Conflict

On May 11, U.S. stocks displayed a lack of clear direction, with strong corporate earnings prompting Wall Street strategists to raise their targets for the S&P 500, according to Jin10. The market continues to assess the uncertainty surrounding the duration of the Iran conflict. The S&P 500 index opened nearly flat, while robust performance in chip stocks, including Intel and Micron Technology, supported the benchmark index. The tech-heavy Nasdaq 100 index rose by 0.2%, whereas the Dow Jones Industrial Average fell by 0.1%. "The market still believes a ceasefire agreement will be reached," stated Tom Essaye, founder of Sevens Report, explaining the absence of a more significant sell-off after U.S. President Donald Trump deemed Iran's proposal to end the conflict "completely unacceptable."