{"id":128248,"date":"2026-06-10T12:21:00","date_gmt":"2026-06-10T08:21:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=128248"},"modified":"2026-06-10T10:52:24","modified_gmt":"2026-06-10T06:52:24","slug":"wall-street-futures-slide-as-iran-strikes-resume-and-tech-rally-fizzles-cpi-data-the-last-hope-for-market-direction","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/wall-street-futures-slide-as-iran-strikes-resume-and-tech-rally-fizzles-cpi-data-the-last-hope-for-market-direction\/06\/10\/market-updates\/","title":{"rendered":"Wall Street Futures Slide as Iran Strikes Resume and Tech Rally Fizzles: CPI Data the Last Hope for Market Direction"},"content":{"rendered":"\n<h1 class=\"wp-block-heading\"><\/h1>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Key Takeaways<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Futures fall:<\/strong> S&amp;P 500 futures dropped 0.2% to 7,373.75, Nasdaq 100 futures fell 0.2% to 29,058.50, and Dow futures slipped 0.3% to 50,759.0.<\/li>\n\n\n\n<li><strong>Peace deal hopes fade:<\/strong> The U.S. launched fresh strikes on Iran after Tehran downed a U.S. Apache helicopter Monday night.<\/li>\n\n\n\n<li><strong>Second wave of attacks:<\/strong> Media reports showed a second round of U.S. strikes on Iran on Tuesday evening.<\/li>\n\n\n\n<li><strong>CENTCOM&#8217;s framing:<\/strong> Strikes described as &#8220;self-defense&#8221; in response to &#8220;unjustified Iranian aggression.&#8221;<\/li>\n\n\n\n<li><strong>Trump&#8217;s contradiction:<\/strong> The president claimed a deal was &#8220;close&#8221; and declared &#8220;total victory&#8221; imminent \u2014 just before new hostilities erupted.<\/li>\n\n\n\n<li><strong>Iran-Israel pause undone:<\/strong> The brief halt to strikes agreed earlier this week is now in question.<\/li>\n\n\n\n<li><strong>Wall Street falls:<\/strong> S&amp;P 500 shed 0.3%, Nasdaq slid nearly 1%, Dow edged up 0.2%.<\/li>\n\n\n\n<li><strong>Tech rebound runs out of steam:<\/strong> Chip stocks remain under pressure as AI return-on-investment doubts fuel profit-taking.<\/li>\n\n\n\n<li><strong>Super Micro crashes 9%+:<\/strong> The server maker announced plans to raise $7 billion in equity-related sales for hardware purchases.<\/li>\n\n\n\n<li><strong>Sector rotation underway:<\/strong> Investors pivoting to economically sensitive sectors as rate hike fears build.<\/li>\n\n\n\n<li><strong>CPI Wednesday morning:<\/strong> Both headline and core readings expected to remain elevated after March and April&#8217;s sharp energy-driven gains.<\/li>\n<\/ul>\n\n\n\n<p>U.S. stock index futures fell on Tuesday evening after new military action against Iran sparked more doubts over progress toward a peace deal, with focus turning to upcoming inflation data for more economic cues.<\/p>\n\n\n\n<p>Technology stocks remained skittish as a recovery in chipmaking stocks fizzled out, with the sector still nursing deep losses from last week.<\/p>\n\n\n\n<p>S&amp;P 500 futures fell 0.2% to 7,373.75 points by 19:10 ET (23:10 GMT), while Nasdaq 100 futures fell 0.2% to 29,058.50 points. Dow Jones futures fell 0.3% to 50,759.0 points.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">U.S.-Iran Peace Hopes Fade with Fresh Strikes<\/h2>\n\n\n\n<p>Hopes for a U.S.-Iran peace deal waned on Tuesday after the U.S. military said it had launched new strikes against the country over the downing of an Apache attack helicopter on Monday night.<\/p>\n\n\n\n<p>Central Command said the strikes were in &#8220;self-defense,&#8221; and were in response to &#8220;unjustified Iranian aggression.&#8221; Media reports showed the U.S. launching a second wave of attacks against Iran on Tuesday evening.<\/p>\n\n\n\n<p>The strikes came after President Donald Trump again claimed on Monday that a peace deal with Iran was close, and that the U.S. was ready to declare &#8220;total victory&#8221; over the country in two weeks.<\/p>\n\n\n\n<p>Markets had held out some hope for a deal after Iran and Israel agreed to halt strikes against each other on Trump&#8217;s request earlier this week.<\/p>\n\n\n\n<p>But the latest round of aggression pointed to little progress in peace negotiations, with focus now turning to potential Iranian retaliation for Tuesday&#8217;s attacks.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Wall Street Falls as Tech Rebound Loses Steam; CPI Data Awaited<\/h2>\n\n\n\n<p>Wall Street indexes fell on Tuesday after a recovery in battered technology stocks \u2014 especially chipmakers \u2014 ran out of steam.<\/p>\n\n\n\n<p>The S&amp;P 500 fell 0.3%, the Nasdaq Composite slid nearly 1%, and the Dow Jones Industrial Average rose 0.2%.<\/p>\n\n\n\n<p>Chip stocks remained under pressure as growing doubts over the long-term returns of artificial intelligence spurred some profit-taking in the high-flying sector. This trend had sparked deep losses on Wall Street last week.<\/p>\n\n\n\n<p>Server maker Super Micro Computer slid over 9% in aftermarket trade after the company said it plans to raise $7 billion in equity-related sales to help cover the cost of new hardware purchases.<\/p>\n\n\n\n<p>Investors were also seen pivoting into more economically sensitive sectors, amid growing concerns that the Federal Reserve may hike interest rates in the face of rising energy-driven inflation.<\/p>\n\n\n\n<p>Consumer price index inflation data for May is due on Wednesday morning, and likely to factor into market expectations for interest rates this year.<\/p>\n\n\n\n<p>The data is expected to show both CPI and core CPI remaining elevated after rising sharply in March and April, as rising oil and gas prices spurred increased living costs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Futures fall: S&amp;P 500 futures dropped 0.2% to 7,373.75, Nasdaq 100 futures fell 0.2% to 29,058.50, and Dow futures slipped 0.3% to 50,759.0. Peace deal hopes fade: The U.S. launched fresh strikes on Iran after Tehran downed a U.S. Apache helicopter Monday night. Second wave of attacks: Media reports showed a second round &hellip;<\/p>\n","protected":false},"author":9,"featured_media":59426,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6827,49,39,36],"tags":[],"class_list":["post-128248","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-economic-reports","category-economic-reports","category-global-stock-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/128248","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=128248"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/128248\/revisions"}],"predecessor-version":[{"id":128249,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/128248\/revisions\/128249"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/59426"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=128248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=128248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=128248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}