On June 10, 2026, stock futures fell as the U.S. conducted additional strikes against Iran, leading to a 2% increase in West Texas Intermediate crude oil prices, which reached around $92 a barrel. S&P 500 futures decreased by 0.3%, Nasdaq 100 futures by 0.5%, and Dow futures lost 75 points, or 0.2%.
The broader market had already experienced a downturn, with the Dow dropping 953.33 points, or 1.87%, and the S&P 500 and Nasdaq Composite also closing lower. Oracle's shares fell over 7% in after-hours trading after the company announced plans to raise $20 billion in equity and debt for its artificial intelligence initiatives, which could indicate further losses in the tech sector.
Victoria Fernandez, chief market strategist at Crossmark Global Investments, noted a shift among investors towards sectors like pharmaceuticals, biotech, financials, and energy, as they seek to hedge against the tech trade that has dominated the market. The ongoing tensions with Iran, exacerbated by President Trump's comments about potential further strikes, add to the market's uncertainty.
Investors are also awaiting the upcoming producer price index data, which is expected to show a 0.7% increase in wholesale inflation for May, along with initial jobless claims data