ZoomInfo Technologies fell below its 200-day moving average, trading near $10.22 and down 2.1% on the day. Chefs' Warehouse dropped under its 200-day moving average to $59.02, losing about 3.6%.
June 10, 2026, 6:23 AM EDT. Crude oil prices fell sharply on Tuesday, with July WTI crude closing down 3.40% and gasoline down 1.61%, hitting seven- and eight-week lows respectively. The decline followed a ceasefire between Israel and Iran, raising hopes for a US-Iran peace deal and reopening of the Strait of Hormuz, a critical oil shipping route. However, prices rebounded slightly after renewed tensions as President Trump blamed Iran for shooting down a US military helicopter. Weak Chinese demand also pressured prices, with May crude imports at an eight-year low. US energy projections for 2026 production increases and ongoing OPEC plans to raise output add bearish pressure. Supply risks remain from reduced Russian refinery runs and sanctions, while the International Energy Agency warns the market will stay undersupplied until October.
S&P 500, Nasdaq 100, and Dow futures fell sharply premarket as investors braced for the May CPI report, expected to show the fastest annual inflation since April 2023, with tech stocks hit hardest amid rising oil prices and fresh U.S.-Iran strikes, raising fears of persistent inflation and fewer Fed rate cuts.
Erie Insurance jumped 15 spots to No. 308 on the 2026 Fortune 500 with $14.6 billion in revenue, easily clearing the $7.5 billion cutoff as the bar rose 5%, but analysts warn U.S. property-and-casualty insurers face softer pricing, more competition, and rising catastrophe risks, with 2026 premium growth forecast to slow and return on equity to ease after a strong 2025.
Oracle shares slid nearly 3% to $205.81 ahead of Wednesday’s earnings, as investors await proof that its $553 billion AI cloud backlog can convert to revenue quickly enough to justify heavy data-center spending, with options pricing signaling an 11% stock swing after results.
DraftKings shares soared 11.34% to $27.59 after revealing a 24% month-over-month jump in annualized consumer volume to $1.3 billion and a 34% rise in total volume traded to $3.1 billion in its Predictions product for May, based on preliminary, unaudited data, outpacing a falling Nasdaq and spotlighting investor focus on the product’s revenue potential and DraftKings’ strategic push.
Micron shares fell 1.5% to $935.89 as the AI-chip rally cooled, despite bullish analyst calls and price targets up to $1,625; investors await the June 24 earnings report to see if tight memory chip supply and AI demand can sustain the stock’s trillion-dollar valuation amid broader market jitters and shifting sentiment.