U.S. stocks stalled their rally as investor confidence waned that the conflict with Iran might be ending. S&P 500 futures fell 0.4% and Nasdaq 100 futures fell 0.3%. Major indexes had briefly turned positive late Monday after Trump hinted that the war with Iran might be nearing its end. While Trump believes the conflict won't end this week, he insists military action is progressing faster than expected. "In some ways, this news comes at a good time, given the market downturn," said Tom Essaye of Sevens Report. He added that there are still reasons to doubt the viability of the TACO trade. "Trump's conciliatory remarks were welcomed by the market, but if yesterday's TACO rally is to signify the end of this downturn, a one-sided statement alone is not enough," said Kathleen Brooks, head of research at XTB. She 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," and she expects oil prices to remain volatile as the conflict continues. (Jinshi)