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A number of stocks fell in the afternoon session after the CPI report showed 4.2% annual inflation, the highest in three years, with markets fully pricing a December Fed rate hike.
A number of stocks fell in the afternoon session after the CPI print of 4.2% annual inflation (the hottest since 2023) revived the rate hike narrative.
A number of stocks fell in the afternoon session after the CPI print of 4.2% annual inflation (the hottest since 2023) revived the rate hike narrative.
Shares of fabless chip and software maker Broadcom (NASDAQ:AVGO) fell 5.1% in the afternoon session after the CPI print of 4.2% annual inflation (the hottest since 2023) revived the rate hike narrative.
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Shares of computer processor maker AMD (NASDAQ:AMD) fell 5% in the afternoon session after the CPI print of 4.2% annual inflation (the hottest since 2023) revived the rate hike narrative.
The Nasdaq Composite tumbled again today after the latest inflation reading and higher oil prices failed to stop the bleeding. Chips were at the heart of the downturn, with the iShares Semiconductor ETF sinking another 3.7%, putting the chip stock benchmark 12% off its June 3 closing high. Industrials were the biggest laggard on Wednesday, dragged down by a swirl of other factors including rising oil prices, and expectations of a Fed interest rate hike.
A number of stocks fell in the afternoon session after the CPI print of 4.2% annual inflation (the hottest since 2023) revived the rate hike narrative.
A number of stocks jumped in the afternoon session after the CPI data showed food away from home rose only 0.3% in May, well within manageable range for operators.
A number of stocks jumped in the afternoon session after the CPI data showed food away from home rose only 0.3% in May, well within manageable range for operators.
A number of stocks jumped in the afternoon session after markets rotated into defensive names following the release of the May CPI report.
<body><p>STORY: Wall Street's main indexes tumbled on Wednesday, with the Dow dropping almost 1.9%, the S&P 500 shedding 1.6% and the Nasdaq falling nearly 2%.</p><p>:: Archive</p><p>Renewed tensions in the Middle East added to investor uncertainty, with President Donald Trump saying the U.S. would attack Iran again "very hard" following a significant exchange of fire overnight.</p><p>Chip makers continued to drag on the market, extending their recent declines. Shares of Nvidia lost more than 3.5%, while Broadcom dropped more than 5%.</p><p>Gina Martin Adams is chief market strategist at HB Wealth.</p><p>"We've had a pretty tough go for the last few days in the equity market, really starting in the middle of last week. We started to see a little bit of rotation out of technology stocks as the earnings season is finally finished. That was clearly the big catalyst for gains. Now we're starting to see markets react a little bit to friction that has reemerged in the Middle East. So you've got two different influences on the equity market right now. Investors are rotating out of tech after the enormous run that it had had since the end of March, and Middle East tensions, which are flaring up again."</p><p>:: Oracle</p><p>In other tech names, shares of Oracle, down more than 2% at the close, dropped further in extended trading after </p><p>the company reported quarterly revenue that narrowly beat Wall Street expectations. Its results came amid concerns about Oracle's spending and AI-driven disruption to traditional software demand. The company also said it expects to raise nearly $40 billion through a combination of debt and equity financing in fiscal 2027.</p><p>:: Archive</p><p>Shares of Super Micro Computer nosedived 28% after the company announced plans to raise $7 billion through a series of equity and equity-linked transactions to fund component purchases for its growing AI server demand.</p><p>:: Archive</p><p>And shares of trucking companies dipped after Amazon announced an expansion of its freight services, with shares of J.B. Hunt, XPO and Old Dominion all suffering losses.</p><p>Meanwhile, data from the Labor Department showed U.S. consumer prices increased 4.2% in the 12 months through May, the largest gain since April of 2023.</p><p>While the Federal Reserve is widely expected to hold interest rates steady at its policy meeting next week, investors are now pricing in at least one rate hike by the end of the year.</p></body>
AI hardware shares slide as investors digest Super Micro’s massive stock sale, hot inflation, and rising tensions in the Gulf, today, June 10, 2026.
Oracle (NYSE:ORCL) has secured a U.S. government contract to overhaul government-wide HR systems with its cloud platform. The award expands Oracle's federal footprint beyond earlier AI policy work and positions its cloud services at the core of HR modernization efforts. The deal highlights Oracle's role in U.S. government digital transformation, rather than focusing on earnings, price targets, or AI infrastructure spending. For investors tracking NYSE:ORCL, this contract adds a fresh data...
Renewed fighting in the Middle East hit stocks and drove up oil futures, even as data showing a sharp rise in inflation underscored the war’s pressure on consumer prices. In the S&P 500, losses were particularly acute in materials and industrial shares, sending the broad index down 1.6% to its lowest close in five weeks.
U.S. Bank Asset Management Group National Investment Strategist Tom Hainlin joins Josh Lipton on Market Domination Overtime to discuss the key forces that could continue driving stocks higher despite a hotter-than-expected CPI report, escalating tensions between the U.S. and Iran, and a recent sell-off in technology shares.
Global stock markets mostly fell on Wednesday as fresh strikes in the Middle East, a jump in US inflation and a tech sell-off weighed on sentiment.While the headline figure jumped, the core reading that excludes energy prices that have surged due to war in the Middle East, held steady at 2.9 percent.
Renewed attacks against Iran and another hot inflation reading sent stocks tumbling on Wednesday.
The stock market unwind dinged even the Dow on Wednesday after consumer price inflation met expectations and oil prices jumped. The blue-chip index fell 953 points, or 1.9%. “Tech is taking it on the chin again (now 2 out of the last 3 days) as people continue to de‑risk AI exposure across the board,” writes Mizuho’s Daniel O’Regan.
Morgan Stanley’s chief investment officer says inflation could remain stubbornly elevated and suggested allocations to commodities and large-caps with pricing power.
Concerns around inflation and artificial intelligence spending will likely continue to fuel market v
President Donald Trump's administration has awarded Oracle a contract to provide a U.S. government-wide HR platform, according to a statement, making the company a partner in its effort to overhaul federal technology systems. Oracle will provide a cloud-based HR platform to replace the individual systems of agencies, Office of Personnel Management Director Scott Kupor said in a statement on Wednesday. OPM is the federal government's HR office. OPM did not provide the total value of the contract.
Bullion fell below $4,175 as rising oil prices fueled inflation concerns and increased rate-hike risks.
The new prediction market rules would permit federally-regulated event contracts tied to the outcome of sporting events and individual player performance.
With inflation pressures resurfacing and commodity markets reacting to geopolitical developments, Dow Inc. and Global Partners may be well positioned to navigate the current environment.
The biggest companies in the S&P 500 took a beating, wiping out nearly $480 billon from the benchmark index yesterday—and according to experts, they aren't in the clear yet.
(Updates prices.) Gold traded at the lowest in more than six months early on Tuesday as the metal
Why did stocks sell off after a promising start? Rising energy prices and a presidential threat changed the market's mood.
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