Today: 2 July 2026
AI Names Drop, Oil Upends Inflation Bets, US Stocks Slip

Dow up 930 points after hours as tech lifts Nasdaq

New York, June 11, 2026, 20:01 ET

  • U.S. stock ETFs stayed a bit higher after hours. SPY added 0.24%, QQQ rose 0.31%, DIA was up 0.18%, IWM gained 0.33% as of about 7:51 p.m. ET.
  • The Dow finished Thursday up 929.97 points. The S&P 500 added 1.75%, and the Nasdaq was 2.54% higher in the regular session.
  • Adobe slipped after the bell, but Nvidia, Microsoft, Intel, Meta and AMD were up late.

U.S. stocks stuck to gains in after-hours action Thursday after Wall Street posted its strongest day in months. The SPDR S&P 500 ETF Trust traded at $739.52, up 0.24%. Invesco QQQ Trust rose 0.31% to $719.34. The SPDR Dow Jones Industrial Average ETF added 0.18%, finishing at $510.29. iShares Russell 2000 ETF was also up 0.33% to $291.36, Investing.com’s after-market data showed.

The move after hours came after stocks surged during the session, as technology bounced and traders took comfort from fading geopolitical tension. The Dow Jones Industrial Average jumped 929.97 points, or 1.86%, to 50,848.75. The S&P 500 added 127.31 points, or 1.75%, to 7,394.30. The Nasdaq Composite advanced 640.16 points, or 2.54%, ending at 25,809.66, according to Reuters.

Chip shares drove the bounce, with the PHLX Semiconductor Index jumping 7.9% for its best one-day move since April 2025. Nvidia last traded at $206.01 in after-hours, up 0.56%. Intel finished 1.17% higher to $118.33. Microsoft closed up 0.62% at $392.77, Meta climbed 0.77% to $572.80, and AMD picked up 0.56% to $491.20. Broadcom saw heavy after-hours action but edged down 0.07% to $385.30. Reuters

Trump’s announcement that he called off planned strikes on Iran sent the rally higher, while traders bet on progress to reopen shipping in the Strait of Hormuz. AP said U.S. crude dropped 2.6% to $87.71 and Brent was down 2.9% to $90.38 as expectations for more oil flows cooled some inflation fears. Reuters reported about 2.7 advancers for each decliner on both the NYSE and Nasdaq. AP News

Investors were still watching inflation numbers. The U.S. Producer Price Index was up 1.1% for May and 6.5% on the year, with the Bureau of Labor Statistics reporting final-demand goods rose 2.8% and energy jumped 10.7%. Jobless claims climbed by 4,000 to 229,000 in the week ended June 6, Reuters said, suggesting the labor market held up even with higher prices. Bureau of Labor Statistics

Robert Phipps, director at Per Stirling Capital Management, told Reuters the bounce followed fast moves both up and down in the market. “Just as we had gone up too far, too fast, we came down too far, too fast.” He said Thursday’s rally looked like a relief move as well as a technical bounce after the recent selloff in AI and tech stocks. Reuters

Adobe dropped 5.44% to $206.90 after the close, showing up among the biggest losers on Investing.com’s after-hours board. Reuters said Adobe will lose CFO Dan Durn, though at the same time, the company lifted full-year sales and profit targets. Stephanie Link, chief investment strategist at Hightower Advisors, called the C-suite change “Not what ADBE needs…” Investing.com Investing.com

SpaceX is set to start trading on Nasdaq on Friday after its $75 billion IPO, which priced at $135 per share and put the company’s value at $1.77 trillion. Reuters called it the largest IPO on record. After-hours trade stayed busy in mega-cap tech, chips and earnings plays, as Nasdaq’s extended session was heading for the 8 p.m. ET close. Investing.com

Iwona Majkowska is a financial markets journalist at TS2.tech, specializing in stocks, artificial intelligence and technology. A graduate of the Warsaw School of Economics, she previously worked in equity research and financial analysis before focusing on market reporting. Her daily coverage helps investors follow major developments across U.S. and global markets.

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