US Stock Market Summary for June 11, 2026

The US stock market today reversed the prior session's mood in dramatic fashion, staging a powerful rebound. The Dow finished up 1.86% (approximately 930 points) at 50,848, while the S&P 500 jumped 1.75% and the Nasdaq soared 2.54%, clawing back most of the previous day's sharp decline. The decisive factor was President Trump's last-minute cancellation of the planned strike on Iran and his statement that a deal with Tehran would be reached soon, which rapidly eased geopolitical risks. Even as the May producer price index released during the session came in hot at 6.5% year-over-year — the highest since November 2022 — the relief sentiment and the plunge in international crude oil prices overwhelmed the inflation shock. The Volatility Index (VIX) eased back below 20 to 19.49, but the Fear & Greed Index remained in the Fear zone, showing that investor caution has not fully dissipated.

Risk appetite revived broadly across sectors. The technology sector ($XLK), which had fallen the hardest the previous day, climbed 3.73% to lead the rebound, and the semiconductor ETF (SOXX) exploded 8.31%, completely reversing the prior session's losses in a single day. Materials (+3.27%) and Industrials (+3.24%) followed, and the small-cap Russell 2000 also gained 2.96%, confirming that the rebound had broad participation. By contrast, the defensive names that had served as safe havens the previous day were weighed down by profit-taking, with Consumer Staples and REITs ending roughly flat, while Energy ($XLE) was the only notable laggard with a 1.94% decline as oil prices plunged.

On the asset side, the geopolitical premium evaporated after Trump's cancellation of the strike, sending international crude oil ($USO) tumbling 4.07%, while Treasuries strengthened as the long-duration ETF ($TLT) rose 1.27% on lower market interest rates. Precious and industrial metals, which had been sold indiscriminately the previous day, rebounded in unison, with silver ($SLV) up 5.48% and gold ($GLD) up 3.13%, while uranium (URA) and lithium (LIT) also posted sharp rebounds of more than 5%.

Semiconductors were unquestionably the heroes of the rally. SanDisk ($SNDK) surged 14.5%, and KLA ($KLAC) gained 12.9%, Lam Research ($LRCX) 12.5%, and semiconductor equipment and memory names including Micron ($MU), Arm ($ARM), and Applied Materials ($AMAT) all jumped by double digits, lifting the broader indices. Commenting on the broader relief rally following the easing of Middle East tensions, Reuters reported that Wall Street indexes all jumped together (source).

Meanwhile, Oracle ($ORCL), which had disappointed after the previous close with an aggressive $70 billion annual AI data center investment plan, fell an additional 8.5% in regular trading, making it the weakest performer among large-cap names (source). Software peers SAP ($SAP) and AppLovin ($APP), Alibaba ($BABA) under continued regulatory pressure, and oil-drillers Exxon Mobil ($XOM) and Chevron ($CVX) hit by the crude price drop all closed lower.

Separately, after the close Elon Musk's SpaceX finalized pricing for the largest-ever IPO at $135 per share, valuing the company at roughly $1.77 trillion, further stoking market risk appetite ahead of Friday's listing (source).

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> "Over the past two months, no pessimism has been able to gain a foothold in the market. An insatiable appetite for technology stocks and aggressive dip-buying have overwhelmed every other variable."

> — Mark Hackett, Chief Market Strategist at Nationwide

> "This week's consumer and producer price data have raised the likelihood of a rate hike over the coming months. However, the Fed is likely to wait another month before taking action."

> — Elizabeth Renter, Senior Economist at NerdWallet

> "Taken together, May's CPI and PPI put our PCE tracking at 4.2% on a headline basis, the hottest reading since April 2023."

> — Grace Zwemmer, US Economist at Oxford Economics

Today's surge in semiconductor equipment names triggered a wave of RSI overbought and upper Bollinger Band breakouts, but megacap technology names such as Nvidia and Apple remain in stochastic oversold territory, preserving upside potential for a rebound. With bullish signals and overbought warnings mixed together, stock-by-stock differentiation is likely to widen going forward.