Market Rally Stalls After Trump Slams Iran Peace Proposal. Stock Futures Slip, Oil Soars.

Stocks were looking for direction Monday after President Donald Trump blasted Iran’s response to a U.S. peace proposal, which drove up oil prices and made investors feel a little more on edge about the conflict in the Middle East. Futures tracking the Dow Jones Industrial Average were largely flat,as were those tied to the S&P 500. The Dow has missed out because the blue-chip index is weighted heavily toward banks and industrials and relatively light on tech, meaning it hasn’t benefited as much from a relentless rally in chip stocks.