Market Report, 2026-06-11

Thursday saw another historic stock rally as yet another conflicting statement regarding the military operation with Iran was released. In the middle of the trading day, the U.S. president stated on social media that he was reversing the decision to strike Iran and that discussions had been brought to the highest levels of Iranian leadership for a negotiated end to the war. Later, President Trump told reporters in the Oval Office that a signing could take place as soon as this weekend in Europe with the Vice President. No confirmation has been provided by the Iranian side yet.

Similar to prior episodes, the market responded to the positive signal and rallied. The Dow ended the day 930 points higher at 50,849. The NASDAQ rose 2.54% to 25,810. The S&P 500 gained 1.75% to 7,394. Much of the AI and AI-adjacent sectors rose significantly, with three sectors posting gains of more than 3% in a single day. Energy was the only sector that posted a significant loss.

The bond market also reacted, as yesterday’s statement increased the possibility of high inflation significantly. The 5-year and 10-year U.S. benchmark interest rates declined by 8 basis points to 4.19% and 4.46%, respectively.

Economic data released today continued to fuel anxiety about inflation, as the Producer Price Index was reported at 6.5% year over year, with the core component at 5.1%, signaling potentially higher consumer prices in the coming months.

Tomorrow, the preliminary consumer sentiment reading will be released. Meanwhile, the world is watching the highly anticipated SpaceX IPO, whose valuation could put founder Elon Musk on the verge of becoming the world’s first trillionaire. Adams Wealth Advisors will be back to provide more updates.