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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.
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.
Renewed US airstrikes on Iran sent oil prices moving north.
Renewed US airstrikes on Iran sent oil prices moving north.
<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>
US stock futures tumbled amid reports that the US struck Iran hours after President Trump had pledged to do so, saying negotiations were taking "too long."
US stock futures tumbled amid reports that the US struck Iran hours after President Trump had pledged to do so, saying negotiations were taking "too long."
US stock futures tumbled amid reports that the US struck Iran hours after President Trump had pledged to do so, saying negotiations were taking "too long."
In the closing of the recent trading day, United Airlines (UAL) stood at $102.78, denoting a -6.25% move from the preceding trading day.
Teradyne (TER) reached $347.59 at the closing of the latest trading day, reflecting a -5.86% change compared to its last close.
Renewed fighting in the Middle East hit stocks and drove up oil futures, with the Dow Jones Industrial Average suffering its worst day since October, losing 1.9%, or around 953 points. The broader stock-market decline also came after data showed the consumer-price index rising 4.
Western Digital (WDC) concluded the recent trading session at $490.23, signifying a -5.31% move from its prior day's close.
Upstart Holdings, Inc. (UPST) closed at $30.31 in the latest trading session, marking a -2.43% move from the prior day.
Vertex Pharmaceuticals (VRTX) concluded the recent trading session at $435.76, signifying a -2.25% move from its prior day's close.
In the closing of the recent trading day, United Parcel Service (UPS) stood at $103.26, denoting a -4.27% move from the preceding trading day.
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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.
The stock market is at critical levels amid AI fears, Trump comments. Oracle earnings beat late. The SpaceX IPO is about to begin its countdown.
(Updates with market moves at the end of the day.) The Nasdaq Composite and the S&P 500 fell to t
US equity indexes were lower on Wednesday amid a semiconductor stock sell-off and after President Tr
Another sell-off for artificial-intelligence stocks dragged the U.S. market sharply lower. The S&P 500 dropped 1.6% Wednesday after giving up a brief modest gain in the morning. The index had its first back-to-back drop in three weeks.
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.