Washington, June 11, 2026 – US stock futures climbed after the US struck Iran just hours after President Trump had pledged to do so, saying negotiations were taking “too long.”
Futures attached to the Dow Jones Industrial Average and the S&P 500 climbed 0.1%. Futures attached to the tech-heavy Nasdaq 100 rose 0.3%.
US Central Command confirmed the attacks on X, describing them as “in response to Iran’s unwarranted and continued aggression.”
Earlier on Wednesday, President Trump told reporters in separate comments that Iran would be hit “very hard” and would “pay the price” for stalled talks.
His statements came a day after the US attacked Iran on Tuesday. US officials said those attacks responded to the downing of an Apache helicopter over the weekend.
The renewed military activity and fresh threats set markets up for a difficult day on Wednesday. Stocks dove and oil jumped amid signs the Strait of Hormuz would remain closed for the foreseeable future. The day’s downbeat sentiment was exacerbated by the latest inflation report, which showed prices rising rapidly.
Meanwhile, after the bell, Oracle reported earnings results that beat expectations, but the company’s stock sank on disappointing cloud sales.
On Thursday, markets will be watching for the release of the Producer Price Index (PPI) report, which will provide further insight into how quickly prices are rising on the heels of May’s inflation report.
The main event of the week lands Friday, with the expected market debut of Elon Musk’s SpaceX, which is positioned to mark the biggest IPO in history. (Bloomberg)
