Traders at work at the New York Stock Exchange on June 9, 2026.
new york stock exchange
U.S. stock futures fell on Tuesday night after the United States launched a “self-defense strike” against Iran in retaliation for the downing of a helicopter the previous day.
S&P500 futures and Nasdaq 100 futures Both decreased by 0.3%. Futures linked to the Dow Jones Industrial Average It fell 148 points (0.3%).
After the strike, oil prices rose; West Texas Intermediate Crude Oil Futures It was last trading at around $89 per barrel, up about 0.9%.
Tensions in the Middle East rose again Tuesday night after the U.S. military launched an offensive against Iran “following yesterday’s downing of a U.S. Apache helicopter,” U.S. Central Command said. President Donald Trump earlier accused Iran of shooting down a helicopter patrolling the Strait of Hormuz.
Iran has not directly claimed responsibility for the downing of the helicopter. However, this latest development threatens the fragile ceasefire between the United States and Iran and could hinder progress toward a peace agreement.
Semiconductor stocks sold off again in regular trading on Tuesday, dragging the market down. S&P500 and Nasdaq Composite They decreased by 0.26% and 0.97%, respectively. On the other hand, excellent companies Dow It increased by 86.10 points (0.17%).
Tuesday’s selloff was an extension of last week’s pullback, which followed an artificial intelligence-driven rally.
“The substance of what we’ve seen over the past few weeks has been really focused on the memory and semiconductor space that has been pushing the market up. That’s the real force behind it all, and we feel like we’re in really bad shape at the moment because we’re actually running very hard,” Marta Norton, chief investment strategist at Empower Investments, said on CNBC’s “Closing Bell: Overtime” on Tuesday afternoon.
“So does that mean some fundamental deterioration is occurring?” she added. “I’m not sure about that, but there certainly seems to be an over-the-top feeling that we’re also undergoing some kind of correction.”
The consumer price index for May will be released on Wednesday at 8:30 a.m. ET. The Dow Jones Consensus forecasts the index’s inflation rate to be 4.2% annually, with an expected monthly increase of 0.5%. This is the first time the Consumer Price Index (CPI) has exceeded the 4% threshold since May 2023, and the highest since April of the same year.
chewy Earnings will be reported before the opening bell on Wednesday.
—CNBC’s Jeff Cox and Kevin Breuninger contributed reporting.
