Market confidence in the end of the Iran war weakened, and the momentum of the US stock rebound stalled.

The rebound in the US stock market has stalled as investors' confidence in the resolution of the Iran conflict weakened. S&P 500 index futures fell by 0.4% and Nasdaq 100 index futures fell by 0.3%. At the end of trading on Monday, major stock indexes briefly turned positive as Trump suggested that the war with Iran may be nearing an end. While Trump believed the conflict would not end this week, he insisted that military action was progressing faster than expected. Tom Essaye of Sevens Report said, "In a way, given the market's decline, this news came at just the right time." He added that there are still reasons to doubt the feasibility of a TACO (Trump Administration China Optimism) trade deal. Kathleen Brooks, research director at XTB, said Trump's comments "may not be enough to permanently eliminate the risk premium already priced into recent oil prices, especially with the Strait of Hormuz still closed," she expected oil prices to remain volatile during the conflict.