US open: Stocks slip after Trump dismisses Iran peace offer

(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

Dow Jones - Risers

Intel Corp. (INTC) $124.92 11.62%

Cisco Systems Inc. (CSCO) $96.57 4.72%

Unitedhealth Group Inc. (UNH) $379.98 2.77%

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%

Procter & Gamble Co. (PG) $146.42 0.25%

Caterpillar Inc. (CAT) $897.45 0.20%

Dow Jones - Fallers

McDonald's Corp. (MCD) $275.75 -2.80%

Salesforce.Com Inc. (CRM) $181.82 -2.43%

Microsoft Corp. (MSFT) $415.12 -1.81%

Home Depot Inc. (HD) $317.45 -1.61%

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%

Visa Inc. (V) $318.79 -0.79%

International Business Machines Corporation (CDI) (IBM) $229.76 -0.67%

S&P 500 - Risers

Akamai Technologies Inc. (AKAM) $147.71 27.84%

QUALCOMM Inc. (QCOM) $219.09 16.09%

Micron Technology Inc. (MU) $746.81 14.40%

Monster Beverage Corp (MNST) $86.29 12.67%

Corpay Inc (CPAY) $343.99 12.51%

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%

S&P 500 - Fallers

Dxc Technology Company (DXC) $9.43 -21.48%

Fluor Corp. (FLR) $43.31 -15.21%

Mettler Toledo International (MTD) $1,124.46 -14.77%

Motorola Solutions Inc (MSI) $383.99 -11.36%

Coterra Energy Inc. (CTRA) $32.56 -8.62%

Expedia Group Inc. (EXPE) $229.98 -8.60%

Fidelity National Information Services Inc. (FIS) $43.49 -7.96%

TripAdvisor Inc. (TRIP) $10.45 -7.32%

Whirlpool Corp. (WHR) $44.96 -6.74%

Tractor Supply Company (TSCO) $30.65 -6.41%

Nasdaq 100 - Risers

QUALCOMM Inc. (QCOM) $219.09 16.09%

Micron Technology Inc. (MU) $746.81 14.40%

Monster Beverage Corp (MNST) $86.29 12.67%

Gen Digital Inc. (GEN) $22.68 12.44%

Intel Corp. (INTC) $124.92 11.62%

Tesla Inc (TSLA) $428.35 4.95%

Cisco Systems Inc. (CSCO) $96.57 4.72%

KLA-Tencor Corp. (KLAC) $1,869.19 3.99%

Nvidia Corp. (NVDA) $215.20 3.79%

Asml Holdings N.V. (ASML) $1,592.02 3.56%

Nasdaq 100 - Fallers

Qvc Group Inc Series A (QVCGA) $0.34 -13.49%

Mercadolibre Inc. (MELI) $1,632.52 -12.40%

Expedia Group Inc. (EXPE) $229.98 -8.60%

Wynn Resorts Ltd. (WYNN) $102.42 -6.02%

DENTSPLY Sirona Inc. (XRAY) $11.00 -4.47%

Align Technology Inc. (ALGN) $168.78 -4.35%

Idexx Laboratories Inc. (IDXX) $560.11 -4.27%

Comcast Corp. (CMCSA) $25.40 -4.07%

Gilead Sciences Inc. (GILD) $131.33 -3.41%

Henry Schein Inc. (HSIC) $70.82 -3.32%