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Here’s what’s happening in the stock market today:
The stock market is falling today as tech losses extend and renewed U.S.-Iran tensions weigh on sentiment, overshadowing a softer-than-expected May inflation reading. 📉⚠️ Futures for the Nasdaq dropped 1.28%, while S&P 500 and Dow futures fell 0.81% and 0.74%, respectively, before the CPI report. After inflation hit 4.2% YoY (highest since April 2023), tech stocks continued declining: Nvidia, Broadcom, and Micron fell 1-3.8%. Oil prices retreated to around $87.80/barrel despite Middle East tensions, while gold rose slightly near $3,146. 💰🛢️
Major Indices Performance 📊
S&P 500 futures down 0.81%, with E-minis falling 60.25 points; index closed at 7,357.89 (-0.39%).
Dow Jones futures dropped 0.74%, down 379 points; closed at 50,572.90 (-0.59%).
Nasdaq futures led declines at 1.28%, down 371.5 points; closed at 25,562.45 (-0.45%).
Market Movers 🚀
AI chip stocks extended losses: Nvidia, Broadcom, Micron fell 1-3.8% after Monday's rebound.
VS MEDIA Holdings surged 612.90% in premarket on high volume.
Tianci International climbed 242.50%, while ChowChow Cloud gained 186.18%.
Tech and AI stocks bore the brunt of the selloff amid valuation concerns.
Key Events Driving the Market 🗞️
U.S. consumer inflation hit 4.2% YoY in May, the fastest pace in three years, driven by energy prices amid Middle East conflict.
Core CPI rose 2.9% YoY (vs. 2.8% prior), giving the Fed ammunition to keep rates unchanged into 2027.
Renewed U.S.-Iran tensions overshadowed the tame inflation data, weighing on investor sentiment.
Tech stocks extended losses after investors priced in tighter monetary policy and worried about stretched valuations.
Strong May jobs report (172K vs. 85K expected) previously raised Fed hike expectations, with 42% chance of December hike.
Investor Sentiment 👀
Overall, mood is bearish as the market faces its worst day since October, blending inflation fears with geopolitical risks and AI valuation concerns. Trading volumes are elevated as traders react to the CPI data and Fed policy outlook shifting toward rates unchanged through 2027. 🐻⚖️
The 10 Best AI Stocks to Own in 2026
AI is moving from experiment… to essential.
Every major industry is integrating it.
Every major company is investing in it.
By late 2025, AI was already an $800B market — growing at a pace that could push it well beyond $1 trillion in the years ahead.
Cloud infrastructure is scaling fast.
AI-enabled devices are multiplying.
Automation is becoming standard.
But here’s the real question…
When trillions flow into this transformation — which stocks stand to benefit most?
Our new report reveals 10 AI stocks positioned across the backbone of this shift — from the companies powering the infrastructure… to those embedding intelligence into everyday systems.
If you want exposure to one of the defining growth trends of this decade, start here.
TRADE OF THE DAY:
TMUS
Name: T-Mobile US, Inc.
Symbol: TMUS
Current Price: $184.31
Trade
Sell to Open: 1 TMUS Jul 2, 2026 200/205 Call Vertical
Total Credit Received: $61.00
Credit per Contract: $61.00 (for one contract covering 100 shares)
Direction: Bearish (expects TMUS to stay below the short call strike)
Probability of Profit (PoP): 86.27% (as provided)
Potential ROI:
Max Risk (Loss): $439.00
ROI: ($61.00 ÷ $439.00) × 100 ≈ 13.9%
Trade Explained in Simple English:
You’re entering a bear call spread by selling the $200 call and buying the $205 protective call, both expiring on July 2, 2026. You receive $61.00 upfront, and the trade profits if TMUS stays below the break-even price of approximately $200.61 through expiration. Your maximum profit is limited to the $61.00 credit received, while your maximum loss is capped at $439.00 if TMUS rises above $205. This is a bearish trade because it benefits from TMUS remaining below the short call strike.
Wall Street Highlights:
News Beyond the Numbers
Italy’s banking sector is heating up as Intesa Sanpaolo launched a €30.6 billion bid for Monte dei Paschi di Siena, setting up a high-stakes battle for control of the world's oldest bank. Read More
Morgan Stanley forecasts that AI-related debt issuance will surge to about $570 billion in 2026 as tech giants race to finance massive AI infrastructure projects. Read More
Wall Street investors have already poured more than $255 billion into AI hyperscalers this year, fueling an unprecedented wave of data-center spending by major technology companies. Read More
Morgan Stanley CEO Ted Pick said the bank is “wide awake” to acquisition opportunities as regulators become more receptive to financial-sector mergers. Read More
OpenAI has reportedly filed confidentially for an IPO, potentially setting up one of the largest and most closely watched technology listings in recent years.
Read More
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