On June 10, 2026, the S&P 500 Index rose by 0.81%, Nasdaq 100 by 1.74%, while the Dow Jones Industrial Average dipped 0.10%. The S&P 500 and Nasdaq 100 recorded new all-time highs, supported by a drop in crude oil prices and bond yields amidst improving negotiations between the US and Iran regarding the Strait of Hormuz. WTI crude oil hit a 2.5-week low, while the 10-year T-note yield fell to 4.47%.
Positive economic indicators included the Chicago Fed National Activity Index rising to a 13-month high of 0.14, surpassing expectations of -0.03. However, the S&P Composite-20 home price index increased only 0.83% year-over-year, below the anticipated 0.90%. Goldman Sachs projected a decline of nearly 500 million barrels in global crude stockpiles, potentially reaching 1 billion barrels by June.
In stock movements, chipmaker Micron Technology surged over 12%, while American Airlines rose by more than 6%, benefiting from decreased fuel costs due to falling oil prices. Conversely, Chevron and Exxon Mobil reported declines over 2% amid weakened crude prices.
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