US Stocks Weaken, Technology Sector Weighs Down
The US stock market weakened on Wednesday (June 10, 2026), with the S&P 500 index falling 0.6%, the Nasdaq slumping 0.8%, and the Dow Jones Industrial Average losing 280 points. The main pressure came from a sell-off in the technology sector, as investors weighed the high valuations of stocks linked to artificial intelligence (AI).
Some of the most severely impacted technology stocks included Nvidia, which fell 1.4%, Broadcom, which fell 3.9%, and Micron Technology, which fell 3.5%. Oracle also fell 2.4% ahead of its earnings release after the market close. While the industrial sector experienced moderate weakness, energy stocks actually strengthened as oil prices rose, boosted by the latest clashes between the US and Iran.
The latest inflation data showed the US consumer price index (CPI) rose 4.2% year-on-year in May, in line with market expectations. Core CPI, which excludes food and energy, rose only 0.2% compared to the previous month, lower than analysts' expectations. This data provides some reassurance that the surge in energy prices has not yet fully impacted broader price pressures.
Investors are currently placing high expectations on the possibility of a 25 basis point interest rate hike by the Federal Reserve in December 2026, anticipating that inflation will remain high. The surge in energy prices stemming from the conflict in the Middle East remains a risk factor affecting market sentiment.
Overall, the combination of pressure from the technology sector, geopolitical uncertainty, and inflation data created a cautious trading day for market participants. Energy stocks were the only sector showing resilience, while the technology sector was the primary focus of volatility risk.
Source: Newsmaker.id
