Traders work at the New York Stock Exchange on June 9, 2026. <\/p>\n
NYSE<\/p>\n
Stock futures slid on Wednesday night after the U.S. launched additional attacks against Iran, sending oil prices higher.<\/p>\n
S&P 500 futures<\/a> lost 0.4%, and Nasdaq 100 futures<\/a> dipped 0.6%. Futures tied to the Dow Jones Industrial Average lost<\/a> 123 points, or 0.3%.<\/p>\n Asia-Pacific markets opened lower Thursday, with South Korea’s Kospi leading losses. The Kospi<\/a> dropped 4.1% in early trading. Japan’s\u00a0Nikkei 225<\/a>\u00a0declined 2.3% and Australia’s benchmark S&P\/ASX 200<\/a> was down 0.97%.<\/p>\n Shares of Oracle<\/a> dropped more than 11% in extended trading after the software giant<\/a> announced plans to raise an additional $20 billion in equity and debt to pay for its artificial intelligence buildout. The decline weighed on S&P 500 futures and the iShares Expanded Tech-Software Sector ETF (IGV)<\/a>, heralding potential losses in the tech sector in the upcoming session.<\/p>\n U.S. Central Command forces launched more “self-defense strikes”<\/a> against Iran late Wednesday, according to Centcom’s post on social media platform X<\/a>. The attacks came at the direction of President Donald Trump<\/a>, according to the post. West Texas Intermediate crude futures<\/a> advanced nearly 3% to trade around $92 a barrel. <\/p>\n Stocks fell during Wednesday’s regular trading session, thanks to another rout in the chip sector and a ramp-up in tensions with Iran. The Dow <\/a>tumbled 953.33 points, or 1.87%, while the S&P 500<\/a> fell 1.62%. The tech-heavy Nasdaq Composite<\/a> lost 1.98%.<\/p>\n Victoria Fernandez, chief market strategist at Crossmark Global Investments, said that many investors are now buying into what they believe to be the opposite of the artificial intelligence trade that drove stocks for much of this year.<\/p>\n “I think what people are saying are, where can we go that kind of hedges that tech trade? What would be the antithesis of the momentum and the beta?” she said<\/a> on CNBC’s “Closing Bell<\/a>” on Wednesday afternoon. “We’re seeing that rotation out of tech into some things that have been beaten down a little bit over the past months.”<\/p>\n Fernandez added that she’s seen her clients increasingly put money into other areas such as pharmaceuticals and biotech within healthcare, as well as the financials and energy sectors.<\/p>\n