New York, June 11, 2026, 16:02 (EDT)
- Dow Jones Industrial Average finished 1.86% higher at 50,848.38.
- Oil prices dropped after President Donald Trump canceled planned military strikes on Iran.
- Dow movers included Honeywell, Boeing, Caterpillar, Nike, and Amgen near the top of the index.
Dow Jones bounces back after Thursday’s close, gaining 929.60 points, or 1.86%, to finish at 50,848.38. That’s up from Wednesday’s close at 49,918.78. The rebound lifts the index after the previous day’s selloff, but it’s still under last week’s 51,561.93 close for June 4.
Stocks picked up speed after President Donald Trump called off planned military strikes on Iran. That move eased some nerves over a wider conflict in the region and helped calm energy markets. Reuters said U.S. stocks were already moving higher after losses on Wednesday, even before Trump’s announcement. Oil prices fell hard after the news.
Energy names led the trading. Brent crude slid 3.93% to $89.44, according to Reuters market data. The U.S. 10-year Treasury yield fell to 4.505%. Both moves pointed to lower inflation and smaller geopolitical risk premiums.
Industrial stocks were out front in the Dow. Honeywell finished up 5.52%. Boeing was higher by 5.37%. Caterpillar added 4.88%. Nike climbed 4.29%, and Amgen ended the session up 2.49%, MarketScreener data showed after the close.
Some Dow names missed out. Chevron dropped 2.17%. Salesforce gave up 2.10%. Microsoft was off 1.65%. Coca-Cola slipped 0.90%, and Visa dipped 0.87%. The rally spread didn’t touch every stock in the 30-member index.
Stocks bounced back after the Dow’s 953.33-point drop on Wednesday, a 1.87% slide that came as U.S.-Iran tensions flared up and chip stocks weighed on risk appetite. Reuters reported the S&P 500 tech sector closed Wednesday down 11% from the June 2 high, putting it in correction territory.
Stocks rallied but inflation kept pressure on sentiment. The U.S. Bureau of Labor Statistics reported the Producer Price Index for final demand rose 1.1% in May. Goods prices climbed 2.8%, services were up 0.3%. For the year through May, final demand prices increased 6.5%.
Traders looked to see if the rebound was just a technical move after a sharp drop. “Our technical indicators are looking relatively oversold here,” said Robert Phipps, director at Per Stirling Capital Management in Austin, Texas, to Reuters. “Just as we had gone up too far, too fast, we came down too far, too fast.” Reuters
Tech was uneven on Wall Street today. Oracle dropped 11.2% after it shared plans for higher capital spending in fiscal 2027, Reuters said. Meanwhile, chip stocks like Lam Research and KLA moved up during the market bounce, according to AP.
Dow futures head into the next session with oil still the main swing factor. Lower crude is taking some pressure off inflation worries, but there’s debate on whether Thursday’s jump sticks or if it’s just a rebound after Wednesday’s drop. Wholesale inflation numbers stay high. Rapid shifts in Middle East news keep energy prices moving. Oil, rates, and risk appetite look set to steer the action again.
