{"id":126962,"date":"2026-05-11T17:18:59","date_gmt":"2026-05-11T13:18:59","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=126962"},"modified":"2026-05-11T17:48:15","modified_gmt":"2026-05-11T13:48:15","slug":"wall-street-holds-steady-as-trump-slams-irans-totally-unacceptable-offer-ai-boom-battles-geopolitical-storm","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/wall-street-holds-steady-as-trump-slams-irans-totally-unacceptable-offer-ai-boom-battles-geopolitical-storm\/05\/11\/market-updates\/","title":{"rendered":"Wall Street Holds Steady as Trump Slams Iran&#8217;s &#8220;TOTALLY UNACCEPTABLE&#8221; Offer: AI Boom Battles Geopolitical Storm"},"content":{"rendered":"\n<h1 class=\"wp-block-heading\"><\/h1>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Key Takeaways<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Muted open ahead:<\/strong> Dow futures fell 0.1%, S&amp;P 500 futures dipped 0.2%, and Nasdaq 100 futures slipped 0.3%.<\/li>\n\n\n\n<li><strong>Records on records:<\/strong> The S&amp;P 500 and Nasdaq both notched fresh all-time highs Friday \u2014 a sixth straight week of gains.<\/li>\n\n\n\n<li><strong>Trump&#8217;s verbal blast:<\/strong> The president wrote on social media: &#8220;I don&#8217;t like it \u2014 TOTALLY UNACCEPTABLE&#8221; in response to Iran&#8217;s counteroffer.<\/li>\n\n\n\n<li><strong>Iran&#8217;s demands:<\/strong> Tehran&#8217;s counteroffer focused on ending fighting on all fronts and demanded compensation for war damage.<\/li>\n\n\n\n<li><strong>Hormuz claim:<\/strong> Iran stressed control over the strategic strait carrying a fifth of global oil flows.<\/li>\n\n\n\n<li><strong>Submarine deployment:<\/strong> Unverified reports cited Tasnim News Agency saying Iran deployed deep-roaming submarines in the strait.<\/li>\n\n\n\n<li><strong>Tehran defiant:<\/strong> An Iranian spokesperson said the country is focused on &#8220;national interests and legitimate rights,&#8221; not Trump&#8217;s satisfaction.<\/li>\n\n\n\n<li><strong>Oil climbs:<\/strong> Brent crude rose 2.9% to $104.24 per barrel, while WTI gained 2.9% to $98.20.<\/li>\n\n\n\n<li><strong>Bull case intact:<\/strong> Pepperstone&#8217;s Michael Brown says the bull case is &#8220;too robust to fight right now&#8221; amid geopolitical optimism, strong earnings, and AI euphoria.<\/li>\n\n\n\n<li><strong>CPI ahead:<\/strong> Investors await U.S. inflation data for clues on the war&#8217;s price impact.<\/li>\n\n\n\n<li><strong>KKR fund loss:<\/strong> FS KKR Capital reported a $560 million Q1 loss, equivalent to 10% of net asset value, raising private-credit health concerns.<\/li>\n\n\n\n<li><strong>Beazer Homes pops:<\/strong> Shares surged on reports Dream Finders Homes is nearing a $704 million takeover offer.<\/li>\n\n\n\n<li><strong>Monday.com soars:<\/strong> The software firm spiked after lifting its full-year revenue and operating income guidance.<\/li>\n<\/ul>\n\n\n\n<p>U.S. stock futures were largely muted on Monday, as investors assessed President Donald Trump&#8217;s rejection of an Iranian peace counteroffer and kept tabs on the ongoing enthusiasm surrounding artificial intelligence.<\/p>\n\n\n\n<p>At 08:47 ET (12:47 GMT), Dow futures fell 0.1%, S&amp;P 500 futures were down 0.2%, and Nasdaq 100 futures slipped 0.3%.<\/p>\n\n\n\n<p>The benchmark S&amp;P 500 and tech-heavy Nasdaq Composite both notched fresh record highs last Friday, extending a remarkable run into a sixth consecutive week.<\/p>\n\n\n\n<p>Largely underpinning the gains have been expectations that the Trump administration is searching for a pathway to conclude a more than two-month war against Iran that has dramatically disrupted global flows and threatened the stability of the global economy. At the same time, traders have continued to track massive ongoing spending by big-name tech companies on the build-out of data centers to support AI.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Iran Stands Firm in Its Counteroffer<\/h2>\n\n\n\n<p>According to Iranian state TV, Tehran issued a response to the U.S. plan to end their more than two-month-old conflict \u2014 focusing on concluding the fighting on all fronts and demanding compensation for war damage.<\/p>\n\n\n\n<p>Iran also stressed that it controlled the Strait of Hormuz, a vital shipping lane off the country&#8217;s southern coast through which roughly a fifth of the world&#8217;s oil flows. The strait has been all but shuttered during the conflict, and is now blockaded by both the United States and Iran.<\/p>\n\n\n\n<p>An unverified headline on Monday also said that Iran had deployed deep roaming submarines in the strait, citing the Tasnim News Agency.<\/p>\n\n\n\n<p>Writing on social media within hours after Iran appeared to make its counteroffer, President Trump said: &#8220;I don&#8217;t like it \u2014 TOTALLY UNACCEPTABLE.&#8221; No further details were provided.<\/p>\n\n\n\n<p>The U.S. has proposed bringing the war to a swift end, followed by more detailed negotiations on key issues \u2014 especially Iran&#8217;s nuclear ambitions.<\/p>\n\n\n\n<p>An Iranian spokesperson has waved away Trump&#8217;s seeming rejection, declaring that Tehran was not seeking to secure the &#8220;satisfaction of others&#8221; and was concerned mainly with &#8220;national interests and legitimate rights,&#8221; the Wall Street Journal reported.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Oil Climbs on Diplomatic Setback<\/h2>\n\n\n\n<p>Oil prices ticked higher after the latest diplomatic stumble, with Brent crude futures expiring in July \u2014 the global oil benchmark \u2014 last up 2.9% to $104.24 a barrel. U.S. West Texas Intermediate crude futures expiring in June gained 2.9% as well to $98.20 a barrel.<\/p>\n\n\n\n<p>Elsewhere, investors are keeping tabs on upcoming U.S. inflation data this week as they hunt for insight into the inflationary impact of the war.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Stock Movers in Focus<\/h2>\n\n\n\n<p>In stocks, KKR&#8217;s largest private-credit fund held by individual investors unveiled a $560 million first-quarter loss, sparked by a number of loans sliding into default. The write-down at the business-development group called FS KKR Capital was equivalent to roughly 10% of the firm&#8217;s net asset value, and came amid mounting worries over the broader health of the private-credit industry.<\/p>\n\n\n\n<p>Beazer Homes USA Inc. surged after media reports said Dream Finders Homes Inc. was nearing an announcement of a $704 million offer to acquire the homebuilder.<\/p>\n\n\n\n<p>Monday.com also spiked after the software company lifted its full-year forecast for revenue and adjusted operating income.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Muted open ahead: Dow futures fell 0.1%, S&amp;P 500 futures dipped 0.2%, and Nasdaq 100 futures slipped 0.3%. Records on records: The S&amp;P 500 and Nasdaq both notched fresh all-time highs Friday \u2014 a sixth straight week of gains. Trump&#8217;s verbal blast: The president wrote on social media: &#8220;I don&#8217;t like it \u2014 &hellip;<\/p>\n","protected":false},"author":9,"featured_media":126924,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6827,49,39,36],"tags":[],"class_list":["post-126962","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-economic-reports","category-economic-reports","category-global-stock-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/126962","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=126962"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/126962\/revisions"}],"predecessor-version":[{"id":126964,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/126962\/revisions\/126964"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/126924"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=126962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=126962"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=126962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}