Wall Street closes higher as chips surge, small caps rally and oil slides sharply
Executive summary: U.S. stocks finished higher, led by a powerful rebound in AI and chip shares, while small caps, banks and defense stocks also advanced. The session was marked by a sharp drop in WTI crude, a pullback in gold, and a strong move in palladium, suggesting a broad rotation across risk assets and commodities. The biggest single equity move in the data was SOXX, which jumped more than 10%, while Microsoft, Apple, Meta and Amazon all fell. The S&P 500, Nasdaq Composite and Dow Jones each ended in the green, with the Russell 2000 outperforming the large-cap benchmarks. [Continue Reading]
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Wall Street closes sharply lower as megacap tech leads a broad risk-off move, while defence and palladium stand out
Executive summary: US stocks finished lower in a broad selloff, led by steep declines in megacap technology and AI-linked shares. Meta, Microsoft and Nvidia were among the biggest drags, while defence stocks and palladium bucked the weakness. The move came alongside softer crude, gold and energy prices, a mixed FX backdrop, and a modest rise in Bitcoin. [Continue Reading]
Iran threatens SpaceX and Starlink-linked assets in West Asia
Iran's military has said it will consider Elon Musk's companies, including SpaceX's Starlink internet service, as potential targets in West Asia, according to Iranian state media. The warning was framed as part of Tehran's retaliation against renewed US attacks. A regional Starlink ground station was specifically mentioned as a possible target.The report said Iran was targeting "all interests related to economic holdings managed by Elon Musk in West Asia". It cited an "informed source" saying the Islamic Republic reserves the right to attack facilities linked to Musk-managed holdings in the region and in occupied territories. The warning appeared around the... [Continue Reading]
360LiveNews | 11 Jun 2026 16:37 LONDON
