Stock market today: Dow, S&P 500, Nasdaq futures rise after US completes fresh round of Ir

June 11, 2026

LIVE Updated 33 mins ago

Updated 1 min read

US stock futures climbed after the US struck Iran, setting up for a rebound from the market’s latest sell-off as investors weighed the latest moves in the conflict.

Futures attached to the Dow Jones Industrial Average (YM=F) rose 0.8%, while S&P 500 futures (ES=F) climbed 0.8%. Futures on the Nasdaq 100 (NQ=F) rose over 1%.

The US’s latest round of strikes ended swiftly, leading investors to hope once again that the conflict would soon be resolved. Oil (CL=F, BZ=F) prices ticked lower after whipsawing higher Wednesday night.

Earlier on Wednesday, President Trump told reporters that Iran would be hit “very hard” and would “pay the price” for stalled talks. His statements came a day after the US resumed its attacks on Iran on Tuesday. US officials said those attacks were in response to the downing of an Apache helicopter over the weekend.

The renewed military activity and fresh threats set markets up for a difficult day on Wednesday. Stocks dove and oil jumped amid signs the Strait of Hormuz would remain closed for the foreseeable future. The day’s downbeat sentiment was exacerbated by the latest inflation report, which showed prices rising rapidly.

Meanwhile, after the bell, Oracle (ORCL) reported earnings results that beat expectations, but the company’s stock sank on disappointing cloud sales.

On Thursday, markets will be watching for the release of the Producer Price Index (PPI) report, which will provide further insight into how quickly prices are rising on the heels of May’s inflation report.

The main event of the week lands on Friday, with the expected market debut of Elon Musk’s SpaceX (SPCX), which is positioned to mark the biggest IPO in history.

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Yahoo Finance’s Jared Blikre reports:

The S&P 500’s (^GSPC) decline in June looks like a market sell-off. Under the hood, it is mostly a megacap problem.

The “Magnificent Seven” — Microsoft (MSFT), Amazon (AMZN), Apple (AAPL), Alphabet (GOOG, GOOGL), Nvidia (NVDA), Tesla (TSLA), and Meta (META) — have erased roughly $2 trillion in market value this month, according to Yahoo Finance analysis.

That accounts for more than two-thirds of the S&P 500’s total market-cap loss in June.

The group’s biggest drag has come from Microsoft and Amazon, which have each lost more than $350 billion in market value this month. Apple and Alphabet have each shed roughly $300 billion, while Nvidia and Tesla have lost about $260 billion and $200 billion, respectively.

The result is a top-heavy index doing what top-heavy indexes do: moving with its largest stocks.

The group accounts for more than two-thirds of the S&P 500’s market-cap loss this month · Yahoo Finance analysis

Read more here.
Oracle (ORCL) stock fell about 10% on Thursday morning after the company’s cloud sales missed Wall Street estimates and its capex spending blew past estimates.

Oracle also said it would raise roughly $40 billion to pay for its AI spending through a mixture of debt and equity sales, which raised concerns about growing debt.

“The bottom line here is the existential risk of underspending is substantially higher than the existential risk of overspending,” Futurum CEO Daniel Newman told Yahoo Finance after the results crossed.

Yahoo Finance’s Dan Howley reports on the quarterly results:

For the fourth quarter, Oracle saw earnings per share (EPS) of $2.11 on revenue of $19.18 billion. That’s better than the EPS of $1.97 and $19.09 billion in revenue analysts were expecting, according to a Bloomberg analyst consensus.

Oracle’s Cloud business revenue, which includes Cloud Applications and Cloud Infrastructure, came in at $9.91 billion. Wall Street was looking for $9.99 billion.

Read more here.
Bloomberg reports:

Gold (GC=F) whipsawed after the US completed a fresh round of strikes against Iran, raising the stakes in a war that’s roiled global markets and stoked inflation.

Bullion rose as much as 1.1% in choppy trading, reversing a drop of similar magnitude that took the metal close to $4,000 an ounce earlier Thursday. The US military said it had completed strikes against targets in Iran, after President Donald Trump accused the country of dragging out talks on an interim peace deal. In response, Tehran announced that it is closing the Strait of Hormuz to all vessels.

The latest attacks underscored Trump’s growing impatience that the two sides have failed to reach an agreement. Now in its fourth month, the war has disrupted energy flows via Hormuz, caused oil prices to rise and raised the likelihood of interest-rate hikes as central banks try to keep inflation in check.

Gold is around 22% below where it was trading before the Iran war broke out at the end of February. The metal’s recent decline through its 200-day moving average has triggered additional selling as it’s seen as an important level watched by institutional investors.

Read more here.
The US military began a renewed round of air strikes on Iran Wednesday evening, sending oil prices surging north after several days of escalating tensions between Washington and Tehran.

Futures on Brent crude (BZ=F), the international benchmark, gained as much as 3.4% to cross above $96 per barrel after falling below the level on Monday. Contracts on US benchmark WTI crude (CL=F) advanced as far as 3.8% to climb above $93 per barrel.

Prices on both contracts pulled back by roughly 1% after Fox News reported comments from President Trump that he spoke with Iranian leaders directly and the US bombing campaign would end shortly after. The US would “bomb the shit out of them” if Iran didn’t sign an agreement put forward by Washington, Fox News reported Trump saying.

The strikes come after threats from President Trump and Secretary of Defense Pete Hegseth throughout Wednesday morning and early afternoon that the US would be resuming more severe action toward Iran after an initial round of strikes on Tuesday.

“We’re going to be attacking them, attacking them very hard,” Trump told reporters at the White House on Wednesday, only hours before the strikes began. “We hit them hard yesterday, and we’re going to hit them hard again today.”

Iran’s top military command said less than two hours after the US airstrikes began that the Strait of Hormuz, the world’s most critical chokepoint for global oil flows, is now completely closed, per Reuters. Iranian media, citing Iran’s Revolutionary Guard, reported that two ships had been struck while trying to make the crossing out of the Persian Gulf.

Seyed Marandi, an advisor to the Iranian negotiating team that met with US negotiators in Vienna, wrote on social media Wednesday that, “Because of the psychopath in the White House, the Strait of Hormuz will now be completely closed.”