There are signs of a weaker start to trading on the US stock exchanges in the middle of the week. The S&P future lost 0.8 percent premarket, the Nasdaq future fell by 1.2 percent. AI-related stocks in particular are under pressure after new doubts emerged about the sustainability of the AI boom. According to sources in the trade, liquidity will also be withdrawn from the market before Spacex’s mega IPO on Friday.
Investors are also looking forward to the publication of inflation data on Wednesday with some nervousness. The market assumes that the rise in consumer prices accelerated again in May. The main reason for this is the sharp rise in oil prices as a result of the Middle East conflict. There is great uncertainty in the market about how the US Federal Reserve under its new boss Kevin Warsh will react to the data, comments market strategist Gustav Helgesson from SEB. High inflation could push market interest rates higher, cause the dollar to appreciate and put pressure on stock markets worldwide, he adds.
The oil price initially received a small boost in Asian-dominated trading due to retaliatory strikes by the US army against Iran after it shot down a US helicopter. But the price is currently coming back. The price for a barrel of Brent fell by 0.3 percent to $91.20.
Yields on the bond market are holding up. The dollar is trending little changed. The gold price fell more significantly by 2.2 percent. The precious metal is being weighed down by expectations of higher inflation, explains a market observer. The resulting higher market interest rates would reduce the attractiveness of interest-free gold.
Among the individual stocks, a planned capital increase pushed Super Micro Computer shares down by 8.4 percent premarket. The company wants to raise $7 billion in order to be able to process orders for AI servers worth $39 billion.
After the market closes, Oracle will present figures for the 2025/26 financial year. The stock is down 3 percent, in line with the weak technology sector. Meanwhile, Cracker Barrel Old Country Store shares are jumping 8.5 percent. The restaurant chain has increased its annual targets after a strong third quarter.
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DJG/cln/flf
(END) Dow Jones Newswires
June 10, 2026 06:17 ET (10:17 GMT)
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