India, May 11 -- Wall Street entered the new trading week with caution replacing the optimism that fueled last week's record breaking rally while investors balanced strong technology momentum against rising geopolitical risks after US President Donald Trump rejected Iran's latest proposal aimed at ending the ongoing regional conflict.

The response immediately reignited concerns over energy supply disruptions, particularly around the Strait of Hormuz, a route responsible for nearly 20% of the world's crude oil shipments. Oil prices climbed sharply before later retreating as traders reassessed the likelihood of escalation despite the turbulence, the broader US market remained surprisingly resilient due to continued enthusiasm around artifi...