US futures fall as tech stocks slide and US Iran tensions rattle investors | Ukraine news
Tech giants slipped and geopolitical tensions flared, leaving markets nervous before the May inflation print. Traders brace for a market reaction.
On June 10, 2026, U.S. stock index futures are down as tech shares continue to slide and tensions between the United States and Iran weigh on investor sentiment ahead of the release of a key inflation report that could influence the path of monetary policy.
Market volatility has risen: investors are weighing several risks – from elevated valuations in the technology sector to geopolitical tensions and expectations that the Federal Reserve may raise rates to curb inflation.
In premarket trading, Nvidia, Broadcom, and Micron Technology shares fell about 2.1% to 4%, with losses accelerating after a brief rebound on Monday.
Tech and AI-focused stocks also pulled back after Broadcom’s weaker outlook raised concerns about inflated valuations among chipmakers.
“The tech sector is under pressure from a combination of expectations for higher interest rates that reduce the present value of future profits, and concerns about inflated valuations and uncertainties around monetizing artificial intelligence,”
– Mark Haefele
A shift of investor interest from tech leaders to more conservative market segments supported areas that lagged year-to-date – health care, real estate, and consumer staples.
In early trading, Dow E-mini futures were down about 0.74%, the S&P 500 E-mini down 0.81%, and the Nasdaq 100 E-mini down 1.28%.
U.S. forces struck targets in Iran after President Trump vowed to respond to the downing of a helicopter, heightening the risk of escalation and market risk.
Oil prices were little changed: Brent traded above $91 a barrel.
Attention will now turn to May inflation data due at 8:30 a.m. Eastern Time. Analysts expect inflation to rise, which could signal the Fed’s next steps and the impact of energy prices on overall inflation.
“If inflation data come in stronger than expected, it would reinforce the narrative that inflation pressures remain in the economy, especially amid rising energy prices,”
– Daniela Hathorn
Experts estimate the Consumer Price Index could rise 4.2% year over year for the 12 months to May, which would be the largest annual gain since early 2023 and could intensify expectations for further steps in monetary policy.
Additional pressure on the market may come from SpaceX’s planned public offering, viewed as a potential factor that could fuel concerns about excessive optimism in the tech sector.
Among other movers, Super Micro Computer fell more than 11% after announcing plans to raise about $7 billion through a series of issuances and related financing measures to support growing demand for AI servers.
Nike shares also fell about 1.5% after RBC changed the company’s rating to “Sector Perform” from the previous “Perform”.
The market outlook points to heightened sensitivity to inflation data releases, regulatory policy changes, and external geopolitical factors – the market is trying to balance rising prices with potential implications for monetary policy.
