Posted on 06/11/2026 10:43:15 AM PDT by Miami Rebel
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 S&P 500 gained 1.1%, while the Nasdaq Composite added 1.5%. The Dow Jones Industrial Average rose 712 points, or 1.5%.
West Texas Intermediate crude futures were last trading around the flatline at roughly $90 a barrel. Oil prices had risen earlier in the day after President Donald Trump said in a post on Truth Social that the U.S. will be attacking Iran “VERY HARD TONIGHT.” He also said, “At some point in the not too distant future, we will be taking Kharg Island, and other oil infrastructure points, and assume total control of their Oil and Gas Markets.”
This comes after U.S. Central Command forces launched more “self-defense strikes” against Iran late Wednesday, according to Centcom’s post on social media platform X. The attacks came at the direction of Trump, according to the post.
“Markets don’t seem to be fazed,” said Thomas Martin, senior portfolio manager at Globalt Investments. ”[The] inflation reports that we’ve gotten don’t show that the higher price of oil is really pushing through to other areas, so the underpinnings of the economy are still fairly strong. That’s all kind of status quo-ish for the markets.”
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.
Dear FRiends,
We need your continuing support to keep FR funded. Your donations are our sole source of funding. No sugar daddies, no advertisers, no paid memberships, no commercial sales, no gimmicks, no tax subsidies. No spam, no pop-ups, no ad trackers.
If you enjoy using FR and agree it's a worthwhile endeavor, please consider making a contribution today:
Click here: to donate by Credit Card
Or here: to donate by PayPal
Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794
Thank you very much and God bless you,
Jim
All about oil and gas prices, and they little to do with removing the IRGC and removing all nuclear material from Iran.
Gas across the street from me is down 10+ cents today. Now $4.05, was as high as $4.40 a couple of weeks ago.
Anybody notice the price of gold is steadily falling under Kevin Warsh. I think big guys buy gold when they see a recession coming, because they know the Ved always gets out of deflationary recessions it causes by starting a new round of inflation. Sickening how high gold went at the end of Bush, through Powell’s tenure at the Fed.
High borrowing rates put a damper on metals prices.
The S&P 500 gained 1.1%, while the Nasdaq Composite added 1.5%. The Dow Jones Industrial Average rose 712 points, or 1.5%.
When all 3 gain it’s a good sign.
Is there a Super Secret Successful Stock Selecting Society
here in one of the backrooms that discusses stock picks?
I’m new at this and it shows. The investment graph keeps going up but my money keeps going down the drain.
Until a few hours from now, when Iran or Israel does something stupid, then it will be back up; a peace deal will be in the works in 2-3 days...
Almost like we’ve seen this same story multiple times over the last several months.
**Is there a Super Secret Successful Stock Selecting Society
here in one of the backrooms that discusses stock picks?**
Nope. Stocks are going up because they’re scared of Trump.
As Dan Bongino would jest, “Lucky Trump!”
That’s right - but Trump started bombing again - on pretty much the day he said he would if Iran didn’t reach a deal - right? And they have preliminarily agreed to a deal - so Trump stopped, right? Wouldn’t it be wrong if he didn’t?
But, clearly, he’s proved he’ll resume again - so if Iran tries to Charlie Brown him and DON’T expect the bombing to resume, they haven’t been paying attention.
Where am I wrong?
My cash buys me stuff I need and want. YMMV - but so far it’s working for me.
Will tomorrow change? I’ll worry about tomorrow when it comes. But anyone who doesn’t have backup plans in place is a fool - that’s fair to say.
count me a fool!! A regular ol’ Boulevard of Broken Dreams kinda guy!! Blue collar in Tile all my life and thru a bitter divorce!! no retirement, no nest egg!! Just a little equity in my home for my kids when I kick it. until then, I get my old ass(65) up every morning and go to work. will be doing it till the day I die!
I’ll try to do better in the next life!!
50,848.75
Absolutely ridiculous ☢️
Iran is trying to keep kicking the can down the road until Trump is out of office and guess who the big losers will be then....and it’s not Iran.
The last 5 Thursdays in a row have seen announcements that a deal was imminent, and then the DOW went up nearly a thousand points. And then, on 4 Saturdays, the Iranians launched missiles and drones. Forgive me if I doubt this “Thursday Night Special” we have seen many times.
We are down 50 cents a gallon at Costco.
Bet you wish you could see Kushner and Witkoff’s options trades the night before.
Where am I wrong?
*******************
You aren’t wrong.
If Iran doesn’t sign an agreement to give up nukes & let oil flow through the Strait, then we will resume our attacks.
I’m a skeptic on the Iran War, but now that we’re in this deep there isn’t any other option.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.