Markets News, June 10, 2026: Stocks End Sharply Lower, Dow Closes Below 50000; Oil Surges After Trump Says Iran Will 'Pay the Price'

​

Both the CPI and "core" CPI readings for May matched expectations. Spencer Platt / Getty Images

Close

Stocks fell broadly Wednesday, with the tech-focused Nasdaq falling 2% and the Dow industrials dropping more than 950 points.

The Dow fell 1.9%, while the benchmark S&P 500 was down 1.6%. The losses spanned a range of sectors: The S&P 500's Industrials sector sank 3.4%, while the Materials, Information Technology, and Consumer Discretionary Sectors fell more than 2% apiece.

Super Micro Computer ( SMCI) shares sank 28% Wednesday to lead S&P 500 decliners after the server maker announced plans to raise $7 billion "as part of its plan to fund the purchase of components to satisfy the AI orders" it has received recently. All of the Magnificent Seven tech giants but Apple ( AAPL) ended lower, with Tesla ( TSLA) and Nvidia ( NVDA) leading declines at 3.8% and 3.7%, respectively. The PHLX Semiconductor index fell 3.6%.

Oil prices jumped after comments from President Donald Trump stoked fresh uncertainty about the war with Iran, which has stoked inflation at home. The U.S. launched "self-defense strikes" last night against Iran, which it said had downed an Army Apache helicopter, and Trump said the country has "taken too long to negotiate a deal that would have been great for them, now they will have to pay the price!!!"

Fresh inflation data released Wednesday morning illustrated the degree to which the war has affected pricess. The CPI reading for May showed that prices rose 4.2% year-over-year, the highest annual inflation in three years. That matched economists' expectations, as did a 2.9% rise in "core" inflation, which strips out volatile energy and food prices.

The 10-year Treasury yield, which influences interest rates on mortgages and other consumer loans, was recently near 4.55%, up from Tuesday's close above 4.52%.

"Now that the Iran crisis has extended into June, we have begun to see broader impacts across several categories of consumer prices," Jeffrey Roach, Chief Economist for LPL Financial, said in written commentary. "If the Strait of Hormuz remains disrupted through the Labor Day weekend, we would expect the energy shock to affect additional sectors and heighten uncertainty about the future path of monetary policy. Rate expectations could be further upended if this crisis lasts throughout the summer."

Oracle ( ORCL) shares pulled back 1% ahead of its earnings report after markets close today. Cracker Barrel Old Country Store ( CBRL) stock soared 23% after the restaurant chain reported a surprise profit and lifted its full-year outlook.

Bitcoin was trading around $61,900, down slightly over the past 24 hours. The U.S. dollar index, which tracks the value of the greenback against a basket of foreign currencies, ticked 0.1% higher to 99.97. Gold futures fell 4% to $4,115 an ounce.

June 10, 2026 04:06 PM EDT

The Fed's New Leader Thinks Inflation Could Use a Trim

FROM 3 hr 24 min ago

The Fed’s new leader thinks the statistics we use to measure inflation could use a trim.

Speaking to senators at his confirmation hearing in April, Kevin Warsh dissed the Fed’s favored inflation measure, the Personal Consumption Expenditures (PCE) price index. He said he wanted to create an inflation measure using a “billion prices” collected from the private sector. He also wants the new measure to use a “ trimmed average” of prices instead of the traditional PCE.

While many think of the consumer price index (CPI) when considering inflation, Federal Reserve has long favored the core PCE price index—the PCE but without food and energy prices. The idea is that removing the typically volatile prices found in food and energy, which are prone to large swings up and down in any given month, will give a clearer picture of inflation's overall trajectory and where it’s likely to go over the next few months or years.

Chairman of the Federal Reserve Kevin Warsh is looking to change up the way the Fed measures inflation. Anna Moneymaker / Getty Images

Core PCE prices have a few problems as an inflation benchmark. For one thing, they ignore the most essential expenses in household budgets, which could create a disconnect between what statistics say about inflation and what the public is experiencing.

Read the full article here.

• Diccon Hyatt

June 10, 2026 03:38 PM EDT

The Massive SpaceX IPO Is Almost Here. We've Got the Basics for Investors

FROM 3 hr 51 min ago

If your crowd likes to talk stocks, chances are the group chat has been busy lately: The SpaceX IPO might be the hottest topic with retail investors since shares of Nvidia began their rocket ride to a $5 trillion market cap.

That may have investors wondering what they need to know—or do—ahead of the deal, which is expected to hit markets on Friday, raise more money than any initial public offering, and immediately land a second Elon Musk-led company (after Tesla) in the upper echelon of big public U.S. companies.

Space Exploration Technologies, better known as SpaceX—or, soon, the ticker "SPCX"—could start trading this week. On prediction markets, bettors generally expect the shares to rise in their first session; prognosticators have offered a range of viewpoints on the company's value, some optimistic and others cautious. Market watchers suspect that retail investors may be pulling money out of other assets ahead of the IPO.

The SpaceX IPO stands to be one of the biggest stock-market events in recent memory. Patrick T. Fallon / AFP via Getty Images

We can't answer short- or long-term questions about what, exactly, SpaceX stock will do after it hits the market. But for investors looking for answers to basic questions, here you go.

Read the full article here.

• David Marino-Nachison

June 10, 2026 03:01 PM EDT

Supermicro Said It Wants to Raise $7B to Meet AI Demand. The Stock Is Tumbling to Lead S&P 500 Losses

FROM 4 hr 29 min ago

Super Micro Computer's stock is taking a bigger hit than most today, after the company said it plans to raise funds to meet AI demand.

Shares of Super Micro Computer ( SMCI) were down over 20% in recent trading, leading the S&P 500's decliners, a day after the server maker said it will raise $7 billion to buy parts needed to meet a new wave of orders. The slump also comes amid a broader pullback in tech stocks, extending the sector's sell-off.

Supermicro said it will raise $5 billion through underwritten stock offerings, with another $2 billion coming from an at-the-market offering program, with most of the proceeds used to boost supply to meet about $39 billion in orders it recently received. The company is the latest in the tech sector to announce a new fundraising effort to cover costs related to AI, following Google parent Alphabet ( GOOGL, GOOG) just earlier this month.

Even with Wednesday's losses, Super Micro Computer shares are up about 11% since the start of the year. Thomas Fuller / SOPA Images / LightRocket / Getty Images

Fundraising efforts through stock sales can often lead to a decline in a company's shares, as current shareholders react to news that their current stakes could be diluted. Supermicro also raised new funds through a $2 billion convertible bond sale last year.

Read the full article here.

• Aaron McDade

June 10, 2026 02:31 PM EDT

Inflation Concerns Are Hammering Tech Stocks After an 'Unsustainable' Run Higher. Here's What to Know

FROM 4 hr 59 min ago

Tech-stock investors might be suffering from some remorse after buying the latest dip.

After weeks of plowing dollars into the AI trade, driving chip stocks and shares of tech majors ever higher, those hot shares are now getting panned, with the tech-focused Nasdaq Composite dropping Wednesday to extend a recent pullback. The moves lower are accompanied by rising signals of investor worry: CNN's Fear & Greed Index is near "extreme fear" levels, while the VIX, a measure of expected volatility, has risen this week.

Roughly half a trillion dollars in market value was clipped from tech-sector and Magnificent 7 stocks yesterday, according to Fundstrat. AI stocks recently got "far above their moving averages"—a measure of share-price moves over time, they are a signal of the direction and intensity of momentum—and "usually chart patterns like that are unsustainable," said Peter Boockvar, chief investment officer at One Point BFG Wealth Partners, on CNBC today.

The tech stock sell-off wiped out nearly $480 billion from the S&P 500 on Tuesday. Photo by Mario Tama / Getty Images

The tech sector pulled back from "extremely overbought levels," according to Tim Hayes, chief global strategist at Ned Davis Research, describing a technical measure that occurs when an asset's price rises quickly amid aggressive buying and that can herald a reversal.

Read the full article here.

• Crystal Kim

June 10, 2026 02:16 PM EDT

SpaceX IPO Investors Won't Just Be Buying a Rocket Company—Here's How It Makes Money

FROM 5 hr 14 min ago

SpaceX's IPO prospectus may talk of extending "the light of consciousness to the stars," but its real pitch to investors is terrestrial: a satellite-internet business that pays the bills and an AI bet that might not.

The company is expected to price its stock at $135 a share this week in the largest IPO in history, which would raise about $75 billion and value the company at about $1.75 trillion. Its prospectus still sells a future on Mars—one of CEO Elon Musk's pay milestones is tied to settling a million people there—yet revenue has been growing faster for SpaceX's other businesses.

SpaceX is made up of three major businesses: Space, Connectivity and AI. The Space business has the best economics of the three, with gross margins of 67% in 2025.

Even as SpaceX rocket launches have increased six-fold since 2020, the company is spending far more on other parts of its business. Bloomberg / Getty Images

Launches have increased about sixfold since 2020, to 170 last year. The reusable Falcon 9 boosters have cut the cost of reaching orbit by roughly 85% from the historical average, the prospectus says. But its space revenue grew only about 8% last year—fine for most companies, yet hard to square with the growth baked into a valuation that's quintupled since late 2024.

Read the full article here.

• Peter Gratton

June 10, 2026 01:48 PM EDT

Experts See Some Good News in the CPI Report—But Inflation Still Carries Risks for Markets

FROM 5 hr 41 min ago

The stock market can resume its rally, according to experts, but resurgent inflation is narrowing the path to new highs.

Inflation accelerated to 4.2% year-over-year in May, its fastest pace since 2023. The increase— consistent with economists' expectations and mainly driven by higher fuel prices—confirms that the conflict in the Middle East continues to push up prices despite a tenuous ceasefire, and it weighed on markets Wednesday. Still, analysts and investors saw some promising details in Wednesday’s report.

Monthly core inflation, which excludes volatile food and energy prices, came in below expectations at 0.2%. That’s “an encouraging sign for investors, suggesting less of a need for the Federal Reserve to raise interest rates if inflationary pressures stay more contained than previously expected,” said Josh Jamner, senior investment strategy analyst at ClearBridge Investments.

Wednesday’s report nudged Wall Street’s expectations for interest rates marginally lower. Traders now see a 1% chance that the Fed cuts rates once before the end of the year, up from less than 0.5% yesterday. The 10-year Treasury yield was recently at 4.52%, down from 4.54% immediately before the release. Traders are watching the 4.6% level, said Jay Woods, chief market strategist at Freedom Capital Markets, of the 10-year yield.

Read the full article here.

• Colin Laidley

June 10, 2026 01:28 PM EDT

Inflation Surpasses the Fed's Target for 62 Consecutive Months: What This Means for the Economy

FROM 6 hr 2 min ago

A key inflation rate has likely exceeded the Federal Reserve's target for more than five years in a row, and it's dragging on the economy.

The Fed's preferred inflation measure has remained above the central bank's 2% annual target for 62 months, and a report on Wednesday indicated it likely rose again in May.

The Consumer Price Index, excluding energy, rose 2.9% over the year in May. The Fed uses a different inflation gauge called core Personal Consumption Expenditures as its benchmark, but those two rates typically move in the same direction and stay within a few tenths of a percentage point of one another.

High gas prices are pumping up inflation, which is likely to remain above the Fed's 2% annual goal. Spencer Platt / Getty Images

Inflation has been exacerbated by disruptions to the global and U.S. economies since 2021. First, the pandemic tangled supply chains; then, in 2022, the Ukraine war snarled them further; then tariffs raised import prices. Now, the Iran war is pushing up fuel costs amid signs that those price increases are contagious, spilling over into other parts of the economy.

Read the full article here.

• Diccon Hyatt

June 10, 2026 12:46 PM EDT

Persistent Inflation Sparks New 'Flations'—What This Means for Your Finances

FROM 6 hr 44 min ago

The suffix "flation" is everywhere in the financial world these days, and the number of such words seems to be increasing at an accelerating rate—you might even call it "flation"-flation.

These arise, of course, from " inflation," or the persistent rise in price levels, which has gotten a lot of attention lately as the Iran war pushes up costs for gasoline and just about everything else, straining household budgets. A government report released Wednesday showed that consumer prices rose 4.2% in the 12 months ending in May, marking the highest rate of inflation in three years.

The focus on inflation has spawned a growing multitude of other "flation" words to describe various aspects of the widespread price increases. Linguists call this phenomenon a "libfix," or a suffix that people have chopped loose from its original stem word and liberated in order to stick on to other terms. Etymologist Michael Quinion lists "flation" in his online dictionary of affixes, or word parts that are added to other root words.

Read the full article here.

• Diccon Hyatt

The proliferation of "flation" terms in the lexicon is an indication of how much concern the public has about the rising cost of living. Frederic J. Brown / AFP / Getty Images

June 10, 2026 12:01 PM EDT

Amazon Launches Less-Than-Truckload Freight Offering; Competitors' Shares Fall

FROM 7 hr 28 min ago

Amazon ( AMZN) is adding less-than-truckload freight to its U.S. logistics offerings. Investors are selling shares of rival firms in response.

Shares of Old Dominion Freight Line ( ODFL) and FedEx Freight Holding Co. ( FDXF) dropped 5.5% and 4.5%, respectively, in recent trading after the tech giant announced its Amazon Supply Chain Services (ASCS) unit would provide "less-than-truckload (LTL) freight beyond its current inbound-to-Amazon offering, to any type of destination, including third-party warehouses, distribution centers, and retail partners."

Other stocks in the space also fell, including XPO ( XPO), which declined 4.5%, and ArcBest ( ARCB), down 3.5%.

Amazon said Wednesday it is introducing less-than-truckload freight services in the U.S. Spencer Jones / GHI / UCG / Universal Images Group via Getty Images

June 10, 2026 11:01 AM EDT

Cracker Barrel's Stock Soars as Surprise Profit Points to Progress in Its Turnaround

FROM 8 hr 28 min ago

Cracker Barrel's stock is soaring on signs of progress in its turnaround efforts.

Shares of Cracker Barrel ( CBRL) were up over 25% in recent trading, a day after the restaurant operator posted a surprise profit and lifted its outlook for the full year. Cracker Barrel reported $797.37 million in sales during its fiscal third quarter, down 3% year-over-year but a smaller decline than analysts expected, with adjusted earnings per share of 29 cents, when analysts had called for a loss.

The company also raised its full-year revenue forecast to $3.27 billion to $3.3 billion, up from $3.24 billion to $3.27 billion previously, as CEO Julie Masino said the company is "well-positioned to sustain this new momentum."

Even with Wednesday's gains, Cracker Barrel shares are down about 17% over the last 12 months. Joe Raedle / Getty Images

With Wednesday's gains, Cracker Barrel shares are up more than 80% since the start of the year, but still about 17% off where they were a year ago.

Read the full article here.

• Aaron McDade

June 10, 2026 10:37 AM EDT

Here's How Much Traders Are Expecting Adobe Stock to Move After Earnings

FROM 8 hr 53 min ago

Adobe is scheduled to report earnings after the closing bell Thursday, with traders anticipating a big move from the Photoshop maker's stock following the results.

Based on current options pricing, Adobe ( ADBE) shares are seen swinging up to 8.5% in either direction by the end of the week. A move of that size from Tuesday's close could see shares rise as high as $258, recovering some of their recent losses, or drag them down to $217, which would be their lowest level since early 2019.

Adobe shares have given up nearly a third of their value since the start of the year, and more than 40% in the last 12 months, as worries about AI disrupting the software market have battered the stock. The shares were also pressured following Adobe's last earnings report in March, when the company announced longtime CEO Shantanu Narayen will step down once a successor is found.

Adobe shares have lost nearly a third of their value since the start of the year. Jeff Spicer / Getty Images / SXSW London

Jefferies analysts said that investors will likely focus on the company's CEO transition and any changes to Adobe's outlook.2 Citi analysts, who said they are "cautious" ahead of the report, voiced some concern about risks to Adobe's full-year forecasts from growing competition.

Read the full article here.

• Aaron McDade

June 10, 2026 09:33 AM EDT

As Tech Stocks Slide, The Healthcare Sector Shines. Why Some Experts Say They Like This Defensive Play

FROM 9 hr 57 min ago

Tech stocks are pulling back, and healthcare is surging.

The S&P 500's health care sector climbed over 1% Tuesday while the broader index lost ground, weighed down by a sell-off in tech shares. Over the past five sessions, healthcare was the best-performing sector, up close to 6%, while the broader index slipped about 3%. Major insurers such as Humana ( HUM) and UnitedHealth Group ( UNH) have been some of the biggest gainers during that time, with Humana shares up 13% and UnitedHealth adding about 10% over the past week amid anticipation of improving cost trends. Medical device makers such as Medtronic ( MDT) and drugmakers like Eli Lilly ( LLY) have also gained, with their shares up around 11% and 8%, respectively.

The recent momentum highlights the sector's value as a defensive play, UBS analysts wrote Tuesday. The sector has outperformed the S&P 500 on 85% of the days when the benchmark was down 1% or more, the analysts said; between Wednesday and Friday, it outperformed tech by the widest margin over three trading days since 2002, according to Bespoke. (It has, however, lagged the broader market year-to-date: The healthcare sector is little changed for 2026, compared to the broader S&P 500's roughly 8% gain.)

Healthcare was the best-performing sector in the S&P 500 over the past week, at a time when the broader index lost ground. Michael Nagle / Bloomberg / Getty Images

Expectations of growth tied to booming demand for weight-loss drugs and falling costs related to AI's use in drug discovery, along with demographic shifts that could raise healthcare needs, "underpins our positive outlook on the sector," UBS wrote.

Read the full article here.

• Kara Greenberg

June 10, 2026 09:05 AM EDT

Inflation Surged to Three-Year High in May

FROM 10 hr 24 min ago

An official government report has confirmed what you may have already noticed at the gas station and grocery store: inflation is on the rise.

The Consumer Price Index rose 4.2% over 12 months in May, the Bureau of Labor Statistics said Wednesday. That's up from a 3.8% annual increase in April and the highest since April 2023.

The jump was in line with forecaster expectations, mainly reflecting a surge in fuel prices driven by the Iran war, which has effectively cut off oil supplies from the Middle East. "Core" prices excluding food and energy rose 2.9% over 12 months, up from 2.8% in April, an indication that higher transportation costs are being passed along into other products.

Gas prices are one of the main contributing factors to inflation. Graeme Sloan / Bloomberg via Getty Images

Although gasoline prices have fallen since late May, they remain well above pre-war levels, with a gallon of regular averaging $4.15 compared to $2.98 at the end of February, according to AAA. The price hikes have added to the cost-of-living worries that have piled up since the pandemic: key inflation measures have been above the Federal Reserve's 2% annual target since 2021.

• Diccon Hyatt

June 10, 2026 08:40 AM EDT

Oracle's Stock Has Pulled Back Lately. These Analysts Are Growing More Bullish Anyway

FROM 10 hr 50 min ago

Oracle's stock has taken a hit lately, but robust AI spending trends have some Wall Street analysts growing more bullish on the cloud services provider's stock ahead of its earnings report due tomorrow.

Shares of Oracle ( ORCL) dropped close to 3% to just under $206 Tuesday, leaving the shares down nearly 16% over the past week amid a broader pullback in tech shares after a monthslong runup. The stock remains about 40% off last September's highs amid concerns around Oracle's debt load and its reliance on a few large customers like OpenAI.

Still, recent earnings reports that Oracle's other big tech customers such as Meta Platforms ( META) are continuing to spend heavily on AI data centers have several analysts raising their price targets for the shares ahead of Wednesday's results.

Oracle shares remain roughly 40% off their highs last September. Michael Nagle / Bloomberg / Getty Images

Bank of America analysts, who have a "buy" rating on the shares, lifted their price target for Oracle stock to $240 from $200 in a note to clients Tuesday, pointing to the growing strength of demand for Oracle's cloud computing and database services.

Read the full article here.

• Aaron McDade

June 10, 2026 06:44 AM EDT

Stock Futures Sink Ahead of Inflation Data as Tech Firms Lead Declines

FROM 12 hr 45 min ago

Futures contracts connected to the Dow Jones Industrial Average pointed 0.7% higher.

TradingView

S&P 500 futures were up 0.8%.

TradingView

Nasdaq 100 futures surged 1.3%.

TradingView

Take the Next Step to Invest

Advertiser Disclosure

×

The offers that appear in this table are from partnerships from which Investopedia receives compensation. This compensation may impact how and where listings appear. Investopedia does not include all offers available in the marketplace.

Read more

Partner Links

Take the Next Step to Invest

Advertiser Disclosure

×

The offers that appear in this table are from partnerships from which Investopedia receives compensation. This compensation may impact how and where listings appear. Investopedia does not include all offers available in the marketplace.

Related Articles

\ \ Markets News, June 8, 2026: Tech Stocks Lead Nasdaq, S&P 500 Higher; Oil Pares Gains After Iran, Israel Halt Strikes \ \ Markets News, June 9, 2026: Chip Stocks Pull Back as Nasdaq, S&P 500 End Lower; Trump Says US Must 'Respond' After Iran Shot Down Helicopter \ \ Markets News: June 5, 2026: Nasdaq Ends Day 4% Lower, Tech Stocks Plunge; S&P 500 Snaps 9-Week Winning Streak; Treasury Yields Rise; Bitcoin Drops Below $60,000 \ \ Markets News, June 1, 2026: Indexes Start Month With Fresh Record Highs as Nvidia-Driven Tech Gains Outweigh Surging Oil Prices \ \ Markets News, June 2, 2026: AI Trade Keeps Rocking as Marvell, HPE Soar; Major U.S. Indexes Close at Fresh Record Highs \ \ Markets News, June 4, 2026: Dow Soars 875 Points to Record Close; S&P 500 Overcomes Broadcom-Led Tech Pullback; Oil Retreats \ \ Markets News, May 27, 2026: Major Indexes Close at Records; Oil Retreats on US-Iran Peace Deal Optimism \ \ Markets News, June 3, 2026: Indexes Fall, Ending Run of Records; S&P 500 Snaps 9-Session Winning Streak; Bond Yields, Oil Prices Gain

\ \ Markets News, May 26, 2026: Nasdaq, S&P 500 Close at Record Highs as Micron Soars; Dow Ticks Lower \ \ Markets News, May 21, 2026: Dow Closes at Record High, Oil Prices Retreat; Walmart, Nvidia Shares Fall After Earnings Reports \ \ Markets News, May 28, 2026: Indexes Close at Fresh Records as Inflation Data Softer Than Expected; Oil Pulls Back \ \ Markets News, May 29, 2026: Indexes Close at Records as Dell Leads Tech Gains; S&P 500 Rises for 9th Straight Week \ \ Markets News, May 22, 2026: Stocks End Higher Ahead of Holiday Weekend; Dow Closes at Record High; S&P 500 Posts 8th Straight Week of Gains \ \ Markets News, May 20, 2026: Stocks Close Sharply Higher Ahead of Nvidia Earnings as Oil Prices Plunge; Dow Adds 650 Points; Bond Yields Retreat \ \ Markets News, May 19, 2026: S&P 500, Nasdaq Fall for 3rd Straight Session as Treasury Yields Surge \ \ Markets News, May 18, 2026: Nasdaq, S&P 500 Start Week Lower as Tech Shares Drop; Oil Prices Rise; Treasury Yields at Highest Level in Year

Newsletter Sign Up

Newsletter Sign Up

Read Original at Investopedia →