Stock Market Today: Major Indexes Bounce Back From Sell-O…

The latest market coverage highlights several key developments: 1. **Stock Market Trends**: Major indexes, including the Dow Jones, Nasdaq, and S&P 500, recovered slightly with gains of 0.6%, 0.5%, and 0.4% respectively, following previous losses attributed to escalating tensions between the U.S. and Iran. 2. **Gold Prices**: Gold is at its lowest level since last November, trading just below $4,100 an ounce. 3. **Oil Market**: Oil prices remained stable; WTI futures rose by 0.4% to $90.40 a barrel despite geopolitical tensions caused by President Trump’s comments about potential military action against Iran. 4. **Economic Indicators**: The Producer Price Index in May showed a 1.1% rise in wholesale prices versus an expected 0.7%, signaling inflationary pressures, while the 10-year Treasury yield decreased slightly. 5. **Tech Earnings**: Oracle shares dropped 11% after reporting higher-than-expected capital expenditures. Other tech stocks, including AMD, Marvell, and Micron, saw m

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Gold is trading at its lowest level since last November. Michael M. Santiago / Getty Images

Major stock indexes rebounded Thursday from sharp losses in the prior session, but gains were limited as President Donald Trump said the U.S. "will be hitting Iran" tonight.

The blue-chip Dow Jones Industrial Average, tech-focused Nasdaq Composite, and benchmark S&P 500 rose a respective 0.6%, 0.5%, and 0.4% in recent trading.

Yesterday, the three major indexes dropped between 1.6% and 2%, as U.S.-Iran tensions escalated and fresh inflation data illustrated the degree to which the war has affected prices, with the Consumer Price Index showing the highest annual inflation in three years.

Oil prices were little changed even though Trump wrote on Truth Social that the U.S. would strike Iran "very hard tonight" and seize "Kharg Island, and other oil infrastructure points." West Texas Intermediate futures, the U.S. crude oil benchmark, were up 0.4% to $90.40 a barrel in recent trading, while front-month contracts of Brent crude, the global benchmark, were 0.3% lower at $92.90.

Meanwhile, the Producer Price Index showed wholesale prices rose 1.1% month-over-month in May, above economists' expectations of a 0.7% rise. When volatile food and energy prices are stripped out, producer prices rose 0.4%, below estimates of a 0.5% increase.

The 10-year Treasury yield, which influences interest rates on mortgages and other consumer loans, fell below 4.53% from Wednesday's close near 4.56%.

Oracle ( ORCL) shares sank 11% to lead S&P 500 decliners after the software and cloud-computing giant reported roughly $5 billion more in capital expenditures than expected. Shares of fellow AI-tied firms Advanced Micro Devices ( AMD), Marvell Technology ( MRVL), and Micron Technology ( MU) advanced 1.5% to 4% after dropping roughly 5% apiece yesterday. Super Micro Computer ( SMCI) stock was little changed after sinking 28% Wednesday.

All of the Magnificent Seven firms were slightly lower except for Tesla ( TSLA). Adobe ( ADBE) shares declined 5% ahead of its results after markets close today.

Bitcoin was trading around $62,600, up from overnight lows below $61,100. The U.S. dollar index, which tracks the value of the greenback against a basket of foreign currencies, was 0.3% higher at 100.23.

Gold futures declined 0.9% to below $4,100 an ounce after recording their lowest closing level since November. They traded at an all-time high $5,626.80 in late January.

June 11, 2026 11:21 AM EDT

Microsoft's Xbox Could Be Set to Undergo 'Major' Layoffs Next Month

FROM 3 minutes ago

Microsoft's Xbox division could soon face a shakeup of its workforce under new CEO Asha Sharma.

The console and video game maker is planning to undergo a "major" round of layoffs, that could be announced as soon as next month, Bloomberg reported Wednesday. Sharma is also considering other changes that could include increasing Xbox's focus on making games exclusive to its consoles and cutting marketing spending, the report said.

Sharma, who took over the top job of the gaming division in February, said at a conference that the Xbox division was "not in a healthy spot" and needs a reset. Xbox has spent some $20 billion on investments in Xbox hardware and software over the last five years, and in the same period its annual revenue has declined by nearly $500 million, Sharma said in a message to Xbox employees .

The Xbox logo is seen on a green background.

The layoffs to Microsoft's Xbox division are expected to be finalized next month, the report said. Beata Zawrzel / NurPhoto / Getty Images

Microsoft and Xbox did not respond to Investopedia requests for comment in time for publication.

Read the full article here.

Aaron McDade

June 11, 2026 11:09 AM EDT

Shares of Travel-Management Platform Navan Jump on Raised Guidance

FROM 15 minutes ago

Navan ( NAVN) stock surged 12% Thursday, a day after the company reported better-than-expected fiscal 2027 first-quarter results and lifted its outlook.

Palo Alto, Calif.-based Navan, which bills itself as a "global AI-powered business travel and expense platform that makes travel easy for frequent travelers," posted adjusted earnings of $0.08 per share on revenue that jumped 40% year-over-year to $220.2 million. Analysts polled by Visible Alpha had expected $0.02 and $205.2 million, respectively.

Navan raised its full-year outlook for revenue growth to 30% at the midpoint from 24%. It also lifted its projections for adjusted income from operations to a range of $76 - $80 million and adjusted operating margin to 9% at the midpoint.

"We are executing exceptionally well and leveraging our proprietary, AI-led platform to deliver an unmatched customer experience at scale, seamlessly orchestrating human and AI agents," co-founder and CEO Ariel Cohen said. "We are not just building the best travel agency on the planet; we are working to define the future of travel."

Navan shares are up 18% since they debuted last October, including 37% since the start of the year.

Navan Inc. signage during the company's initial public offering (IPO) at the Nasdaq MarketSite in New York, US, on Thursday, Oct. 30, 2025.

Navan Inc. signage during the company's initial public offering (IPO) at the Nasdaq MarketSite in New York on Oct. 30, 2025. Michael Nagle / Bloomberg via Getty Images

June 11, 2026 09:33 AM EDT

S&P 500 Industrials Sector Rebounds at Opening Bell

FROM 1 hr 51 min ago

The S&P 500 Industrials Sector did not extend yesterday's sell-off at the opening bell.

A day after sinking 3.4%, the S&P 500 Industrials Sector opened up 0.8%.

The Materials, Information Technology, and Consumer Discretionary Sectors, which all fell more than 2% yesterday, also were less than higher at the open.

June 11, 2026 07:40 AM EDT

USMCA Has Helped Limit Tariffs on Many Goods. Trump Says He Won't Renew It

FROM 3 hr 44 min ago

President Donald Trump intensified his shakeup of the trade landscape this week when he said he wasn’t interested in renewing one of the country’s most important international agreements.

Speaking with reporters at the White House on Wednesday, Trump said the U.S. wouldn't renew the United States-Mexico-Canada Agreement (USMCA), the trilateral pact that sets the rules for trade in autos, agricultural products, intellectual property, and other commerce between the U.S. and its two largest trading partners.

"I'm not looking to renew it," Trump said. "Because, to be honest with you, the United States does much better. We don't need anything that Canada has, we don't need anything that Mexico has, but they need everything that we have, and they have to treat us better."

Donald Trump pointing with a serious expression while sitting indoors with flags visible in the background

Trump said he may not renew the United States-Mexico-Canada Agreement, a trade pact made during his first administration. Kevin Dietsch / Getty Images

Trump’s comments come as talks between representatives of the U.S. and Mexico continue. A round of negotiations concluded in Mexico City on May 29, and another is scheduled for mid-June with a third in July.

Read the full article here.

Diccon Hyatt

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June 11, 2026 06:55 AM EDT