US stock markets saw significant gains as a tentative US-Iran deal aimed at ending conflict raised expectations for stabilized energy supply chains following disruptions in the Strait of Hormuz.
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The Nasdaq Composite experienced a sharp midday decline, shedding nearly $1 trillion in tech stocks before recovering significantly by the market close. Investors rotated into consumer staples and home improvement sectors.
U.S. stock futures declined early Wednesday following U.S. "self-defense strikes" against Iran, in retaliation for a downed helicopter. Asian markets also opened lower.
Major U.S. stock indices, including the S&P 500 and Nasdaq, closed lower as an anticipated rebound in semiconductor stocks failed to materialize, contributing to a broader market downturn.
Major US stock indices closed lower on June 9, 2026, with the Nasdaq experiencing a significant pullback driven by a selloff in chip stocks. Geopolitical developments, including tensions with Iran, also contributed to market uncertainty.
Biden says Trump should not utter a word about coronavirus. Erstwhile Vice President Joe Biden said that President Donald Trump should be silent about the…