Market Report, 2026-06-10

Inflation and Iran once again dominated today’s headlines. On the one hand, the Consumer Price Index is officially above 4%. Not only is this commonly cited as a potentially dangerous level, but the trend in inflation has also deviated from what central bankers had hoped for. On the other hand, the fragile truce between the U.S. and Iran is now at greater risk after the White House pledged fresh strikes on Iran, accusing the country of dragging out talks on an interim peace deal. Global capital markets panicked today, broadly selling off assets.

All major U.S. stock indices ended Wednesday in the red. The Dow Jones Industrial Average slid 953 points and is now below the 50,000 mark. The NASDAQ declined nearly 2% to 25,170. The S&P 500 posted a loss of 1.62%, falling to 7,267. Consumer staples stocks were the only sector to post significant gains outside of energy, which rose because of higher oil prices. The industrials, materials, technology, and consumer discretionary sectors posted significant losses as AI-related investment theses took a hit from the prospect of higher interest rates.

Although concerns stemmed from higher interest rates, the bond market held up better, as investors also view U.S. Treasuries as a safe-haven asset. A two-basis-point increase was observed in both the 5-year and 10-year Treasury yields. Gold continued to come under pressure and is approaching $4,000 per ounce, nearly 25% lower than its peak.

Tomorrow, we will receive another inflation gauge measuring the prices received by producers. Adams Wealth Advisors will continue to monitor any new developments in the market.