Wall Street falls over 1% on tech, Iran worries:
The major US stock indices ended more than 1% lower on Wednesday, with chipmaker shares extending recent ...
thestar.com.my/business/2026/06/11/wall-street-falls-over-1-on-tech-iran-worries
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Wall Street indexes fall more than 1%, hit by tech, Iran war worries: The major U.S. stock indexes ended more than 1% lower on Wednesday, with chipmaker shares ...
reuters.com/business/media-telecom/wall-st-futures-slip-tech-losses-mount-ahead-key-inflation-data-2026-06-10/
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Wall Street falls over 1% on tech, Iran worries: The major US stock indices ended more than 1% lower on Wednesday, with chipmaker shares extending recent ...
thestar.com.my/business/2026/06/11/wall-street-falls-over-1-on-tech-iran-worries
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Key FactsUS stocks rebound after sell-off
Aug 6, 2024 · Reading time: ~45 sec.
Summary created with AI assistance · Source: reuters.com
Summary created with AI assistance · Source: reuters.com
- The Dow rose 0.76%, the S&P 500 gained 1.04% and the Nasdaq advanced 1.03%; all three indexes gave up some of their intraday gains by the close.
- Fed officials rejected the view that weak July data meant a recession was coming, but warned that rate cuts would be needed to avoid one.
- According to CME's FedWatch Tool, traders put the chance of a 50-basis-point rate cut in September at 75% and the chance of a 25-basis-point cut at 25%.
- Uber gained 11% after quarterly revenue and core profit beat estimates; Caterpillar rose 3% after quarterly profit exceeded expectations.
“The market had just gotten top heavy, but it did reprice a decent amount, particularly the Nasdaq, and people are coming back to the idea that with lower rates it should provide a support for stocks.”— Rick Meckler, a partner at Cherry Lane Investments, explained the return of investors after the sell-off.
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