Iran spent the entire day sending various messages through the media that it won’t accept a ceasefire deal or negotiate with the US around its 15-point plan. However, we heard from Pakistani sources that they hadn’t officially rejected talks so that’s the next big headline we’re waiting for. Notably, Trump was completely silent on the war today but he’s scheduled to speak at a fundraiser at 7:30 pm ET, so we will see if that lasts.

At the close:

• S&P 500 +0.55%
• Nasdaq Comp +0.8%
• Russell 2000 +1.2%
• DJIA +0.7%
• Toronto TSX Comp +1.4%

Here is a look at the past couple days of consolidation. Today, we opened very strongly but gave it back quickly. The midday drop was on something of a false headline about a strike on Iran’s nuclear plant (it was yesterday) and we quickly rebounded from that and moved sideways. The market was impressively resilient to the Iran headlines, though I’m not sure I share the optimism.

The top performers were chip stocks with AMD surging 7.5% and state-back Intel up 7.2%

This article was written by Adam Button at investinglive.com.