A projectile streaks through the sky over central Israel during an Iranian missile attack on June 7. (Ohad Zwigenberg\/AP)<\/p>\n
\n June 11, 2026 8:29 AM, EDT<\/p>\n
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\nOil prices retreated modestly after rising earlier as the U.S.\u00a0launched a second round of airstrikes\u00a0against Iran.AI-related stocks continued to swing back-and-forth as chipmakers took back some of the losses suffered in recent days.Wall Street has been shaky since last week, when AI stocks went from\u00a0roaring to records\u00a0to\u00a0suddenly turn lower. <\/p>\n
U.S. financial markets are poised to open with strong gains June 11 following another sell-off of\u00a0artificial intelligence\u00a0stocks that dragged the sector sharply lower.<\/p>\n
Oil prices retreated modestly after rising earlier as the U.S.\u00a0launched a second round of airstrikes\u00a0against Iran.\n \t \t\t<\/p>\n
The war in the Middle East has been keeping the Strait of Hormuz<\/a> effectively shut to oil tankers, which has prevented the delivery of crude from the Persian Gulf to customers worldwide.<\/p>\n Brent crude oil, the international standard, fell 90 cents to $92.20 per barrel early June 11. It was at around $70 a barrel before the start of the war in late February.\n \t\t<\/p>\n U.S. benchmark crude oil was down 82 cents at $89.21 a barrel.<\/p>\n High oil prices have sent inflation higher, and a report on June 10 showed that\u00a0prices for U.S. consumers<\/a>\u00a0jumped in May at the highest speed in three years.<\/p>\n Futures for the S&P 500 rose 0.8% after the first back-to-back session losses in three weeks. Futures for the Dow Jones Industrial Average gained 0.7% before the opening bell, while Nasdaq futures slipped 1%.<\/p>\n AI-related stocks continued to swing back-and-forth as chipmakers took back some of the losses suffered in recent days.<\/p>\n Micron Technology rose 3% overnight following the June 10 loss of 4.7%. The Idaho chipmaker is coming off a wild stretch where it sank 7.7% last June 4, then plunged another 13.3% June 5 then rallied 9.9% June 8.<\/p>\n A bevy of chip-related stocks \u2014 including Intel, Teradyne, Lam Research and Applied Materials \u2014 all jumped about 4% in off-hours trading.<\/p>\n Wall Street has been shaky since last week, when AI stocks went from\u00a0roaring to records\u00a0to\u00a0suddenly turn lower. Among the worries is that their prices may have shot too high, too fast because of AI mania. The question now is whether the break lower has cleared out excessive optimism that may have built into their stock prices, or if it\u2019s the start of a longer downturn.<\/p>\n Some of the pressure on AI stocks could also be coming from investors pulling cash out to prepare for high-profile debuts on the U.S. stock market for several AI giants.\u00a0SpaceX\u2019s initial public offering\u00a0could come later this week, for example.<\/p>\n Traders are betting the Federal Reserve will have to hike its main interest rate at least once this year, given price pressures and the strength of the\u00a0U.S. job market.<\/p>\n
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