Crude oil jumps back above $90 as Trump says U.S. will take Iran's Kharg Island

https://finance.yahoo.com/sectors/energy/articles/oil-erases-gain-hormuz-workarounds-092334292.html

US producer prices rose 6.5% in May on higher energy prices, largest yearly jump since November 2022

https://finance.yahoo.com/economy/policy/articles/us-producer-prices-rose-6-124151813.html

Inside the $2T 'Mag 7' wipeout
https://finance.yahoo.com/markets/article/magnificent-7-stocks-have-lost-2-trillion-so-far-this-month-driving-the-sp-500-decline-chart-of-the-day-100000483.html

SpaceX is set for its mega debut. Here's what to expect.
https://finance.yahoo.com/markets/stocks/article/spacex-ipo-set-to-price-thursday-night-ahead-of-friday-nasdaq-debut--heres-whats-next-101955450.html

US jobless aid filings rise to 229,000 last week, remain historically low despite Iran war headwinds
https://finance.yahoo.com/economy/articles/us-jobless-aid-filings-rise-123955040.html

SpaceX IPO expected to mint over 4,000 employee millionaires
https://finance.yahoo.com/markets/stocks/articles/spacex-ipo-expected-mint-over-124821901.html

U.S.-Iran hostilities escalate, $100,000 colleges and more: Morning Squawk

https://www.cnbc.com/2026/06/11/5-things-to-know-before-the-stock-market-opens.html?__source=androidappshare

#USMarketUpdate
Dow jumps 700 points, oil tumbles as Trump cancels evening strikes against Iran: Live updates

Live updates

U.S. equities gained on Thursday, boosted by a rebound in chip stocks after recent pressure, after President Donald Trump said that he has called off the strikes on Iran scheduled for this evening...

The producer price index increased 1.1% in May, the Bureau of Labor Statistics reported Thursday. That’s more than the 0.7% that economists polled by Dow Jones expected. Core inflation — which excludes volatile food and energy prices — stood at 0.4%, below the Dow Jones forecast for 0.5%.

The market was given momentum from a rebound in Micron Technology, Advanced Micro Devices and Intel. The iShares Semiconductor ETF gained 3%. The chip ETF was under pressure again this week following a 10% drubbing on Friday that’s called many investors to question whether the parabolic move in the sector was over. Intel was upgraded by Bank of America from underperform to buy on Thursday and the shares responded with a 4% gain.

Enthusiasm is building ahead of SpaceX’s debut on Friday, which could highlight the expected growth in the AI buildout. Although some traders believe the recent chip weakness is due to investors selling the stocks in their portfolios to make room for the IPO, which will be the largest debut ever at a roughly $1.8 trillion valuation.

Still, not all of tech was a bright spot Thursday. Shares of Oracle dropped 11% as the software giant announced plans to raise an additional $20 billion in equity and debt to pay for its artificial intelligence buildout.

Stocks fell during the previous session, thanks to another rout in the chip sector and a ramp-up in tensions with Iran.

https://www.cnbc.com/2026/06/10/stock-market-today-live-updates.html?__source=androidappshare

Chief Market Strategist Gareth #Soloway analyzes the stock market and specifically the S&P 500, revealing it has has broken major support and formed a lower low — flashing a 70% probability of a cycle top. However, it is missing this one factor in technical analysis that would push probability to 80%. Are institutions artificially propping the market up ahead of tomorrow's highly anticipated SpaceX IPO? I am revealing the exact chart levels you must watch to see if this becomes an 80% confirmed market top.

Plus, we look at the catastrophic Oracle earnings drop, crude oil's impact on the ES futures bounce, and a hidden parallel trendline on Nvidia (NVDA) that could set up a major bounce play.

► Join Gareth's Top Squad: Get exclusive weekend videos, deep-dive insights, and real-time trade alert potential directly on YouTube!     / @garethsolowayprotrader  ​
► Master the Charts: Learn the exact technical analysis techniques and the Winning Trader Methodology I use to spot these levels at VerifiedInvesting.com

0:00​ - S&P 500 Breaks Major Support & Lower Lows
1:32​ - The 3 Stages of a Market Top Breakdown
4:27​ - Join Gareth's Top Squad for Premium Alpha
4:58​ - Crude Oil Prices & ES Futures Bounce
6:08​ - The AI Trade Bubble & Oracle Earnings Crash
6:35​ - Nvidia (NVDA) Secret Trendline Bounce Level
6:56​ - S&P 500 "Scene of the Crime" Critical Retrace

⚠️ Disclaimer: This content is for educational and informational purposes only and is not financial advice. Always do your own research.

https://youtu.be/XOWfayVPs0k?is=riH0xvJNUy5aII1P

SpaceX gets its first big price target
https://finance.yahoo.com/markets/stocks/article/oppenheimer-slaps-outperform-rating-on-spacex-190-price-target-ahead-of-market-debut-163237327.html

#USMarketUpdate
Stock market today: Dow, S&P 500, Nasdaq rise after US completes fresh round of Iran strikes

Live updates

US stocks climbed after the US struck Iran in a major escalation of the war, setting up for a rebound from the market's latest sell-off as investors weighed the latest moves in the conflict...

The US's latest round of strikes against Iran ended swiftly, leading investors to hope once again that the conflict would soon be resolved, and oil (CL=F, BZ=F) prices had ticked lower after whipsawing higher Wednesday night.

Some of those losses were reversed, however, on Thursday morning, after President Trump said the US would be striking Iran again Thursday night, seizing control of Kharg Island, and taking "total control" of the country's energy sector, raising anxieties of a potential ground invasion.

In corporate news, Oracle (ORCL) reported earnings that beat expectations, but its stock sank on disappointing cloud sales and plans for an equity and debt raise.

On the economic data front, wholesale inflation for May came in higher than expected, the Bureau of Labor Statistics reported Thursday, right on the heels of May's consumer prices inflation report. Producer prices rose 1.1% in May over the previous month and 6.5% over the previous year.

Initial jobless claims for the week ended June 6 rose to 229,000, outpacing expectations of 220,000 claims. Continuing claims also rose to 1.795 million.

The main event of the week is Friday, with the expected market debut of Elon Musk's SpaceX (SPCX), which is poised to be the biggest IPO in history.

https://finance.yahoo.com/markets/live/stock-market-today-thursday-june-11-dow-sp-500-nasdaq-222511784.html

#USMarketUpdate
Wall Street indexes jump, Trump says strikes against Iran canceled | Reuters

SUMMARY
Oracle drops on forecasting spending plans above estimates
Chip stocks up after Wednesday declines
All eyes on SpaceX market debut Friday
Indexes: Dow up 1.9%; S&P 500 up 1.8%; Nasdaq up 2.5%

June 11 (Reuters) - U.S. stocks ended sharply higher on Thursday, with ​indexes extending gains after U.S. President Donald Trump said he canceled planned strikes against Iran, and on the eve of the ‌market debut of Elon Musk's SpaceX.

The three major indexes registered their biggest daily percentage gains since April 8, when the U.S. and Iran agreed to a temporary ceasefire.



https://www.reuters.com/business/wall-st-futures-rise-tech-buying-middle-east-peace-hopes-2026-06-11/

Wall Street indexes jump; Trump says strikes against Iran cancelled
https://www.straitstimes.com/business/companies-markets/wall-street-indexes-jump-trump-says-strikes-against-iran-cancelled

While You Were Sleeping: 5 stories you might have missed, June 12, 2026

https://www.straitstimes.com/world/while-you-were-sleeping-5-stories-you-might-have-missed-june-12-2026

https://vt.tiktok.com/ZSQ5yho6G/

Iran says no final decision made on deal that Trump hopes could be signed soon
https://www.straitstimes.com/world/middle-east/iran-says-no-final-decision-made-on-deal-that-trump-hopes-could-be-signed-soon

Morning Briefing: Top stories from The Straits Times on June 12, 2026

https://str.sg/fWuQ

https://youtube.com/shorts/mbvSRZOezyo?is=UDAA6CvgdQHRWI7w

#WeekAhead by Investopedia, Yahoo Finance and Reuters
#Calendar by Investing.com
#Earnings by Earnings Whisper
#USMarketUpdate by Reuters, Investopedia, CNBC and Yahoo Finance
#TradingDay #MarketMind by Reuters
#MarketsWrap by Bloomberg
#SgMarketUpdate by Business Times
#HKMarketUpdate by Reuters and Trading Economics

AI has become latest US inflation problem with memory chips at ‘insane’ prices
https://www.straitstimes.com/business/economy/ai-has-become-latest-us-inflation-problem-with-memory-chips-at-insane-prices

Locked out of IPO, Asia investors find new ways to bet on SpaceX
https://www.straitstimes.com/business/locked-out-of-ipo-asia-investors-find-new-ways-to-bet-on-spacex

#HKMarketUpdate
Shanghai composite stock index set for first weekly gain in a month on Gulf ceasefire optimism
Jun 12, 2026, 13:08 GMT+8

China and Hong Kong stocks rebounded on Friday with the Shanghai Composite on track for its first weekly gain in a month, tracking broad gains in Asian markets after the United States cancelled its planned attack on Iran.
** By the lunch break, both China's blue-chip CSI300 Index 3399300 and the Shanghai Composite Index 000001 climbed 1.5%.
** Hong Kong benchmark Hang Seng HSI rose 2%. Hang Seng Tech HHSTECH advanced 1.7%
** Gold-related stocks (.CSI931238), rare earth 9930598 and defence sector (.CSI399959) led the gains, up 7.3%, 4.4% and 4%, respectively, by midday.

https://www.tradingview.com/news/reuters.com,2026:newsml_L4N42K09H:0-shanghai-composite-stock-index-set-for-first-weekly-gain-in-a-month-on-gulf-ceasefire-optimism/

#HKMarketUpdate
<Full-day Takeaway>HSI Up 468 pts; HSTI Up 49 pts; CHOW TAI FOOK Up over 15%; BANKCOMM, BANK OF CHINA Hit New Highs; Market Turnover Rises

http://www.aastocks.com/en/stocks/news/aafn-con/NOW.1528871/top-news/AAFN

#HKMarketUpdate
<H Shrs>HSI Rebounds 468 pts at Close; CHOW TAI FOOK Leaps 15% Post-Results; SMIC Turns South by 2%+

http://www.aastocks.com/en/stocks/news/aafn-con/NOW.1528883/top-news/AAFN