By Kristoff De Turck
Publication Date: 2026-06-10 06:38:00
On Tuesday I had the feeling that the regrouping wasn’t working. The Nasdaq opened green, rose almost one percent and then gave it all back within an hour.
The overview
- Tech fell further as profit-taking around the AI complex continued, with the Nasdaq recouping much of its opening rally before paring losses at the close
- Chip stocks were once again the epicenter, with several names posting high single-digit losses intraday before recovering
- The fragile ceasefire between Iran and Israel was shaken when Israel attacked Lebanon and Iran shot down a US helicopter over the Strait of Hormuz, but oil unnaturally declined
- The supply threshold for new capital continues to grow, and Oracle is reporting this evening after the market closes in what has become the most consequential single issue of the week
A day that refused to stay green
The Nasdaq (COMPX | ▼0.97%) lost about one percent after spending part of the morning at almost the same level. The Dow Jones (DJI | ▲0.17%) was able to post a modest gain by the close after falling 0.7% intraday. The S&P 500…
