US Futures Slip After Trump Rejects Iran Reply to Peace Plan; Markets Remain Elevated on Chip Strength
U.S. equity futures edged lower Sunday evening after President Donald Trump criticized Iran's reply to a U.S. 14-point proposal aimed at ending the war and reopening the Strait of Hormuz. The decline in futures was contained, however, as major U.S. indexes sit near record levels, supported by a rally in chipmaking stocks and stronger-than-expected …