Stock Market Today, June 10: Hot Inflation and War Escalation Fears Pressure Stocks at Midday

U.S. equities sold off broadly at midday, with the S&P 500 down 1.00% to 7,312.58, the Nasdaq Composite off 1.27% to 25,352.11, and the Dow Jones Industrial Average lower by 1.22% to 50,239.76. Hotter inflation and rising Iran tensions pressured risk assets, driving a broad risk-off move across the market.

Analysis

U.S. equities sold off broadly at midday, with the S&P 500 down 1.00% to 7,312.58, the Nasdaq Composite off 1.27% to 25,352.11, and the Dow Jones Industrial Average lower by 1.22% to 50,239.76. Hotter inflation and rising Iran tensions pressured risk assets, driving a broad risk-off move across the market.