Traders at work at the New York Stock Exchange on June 3, 2026.
new york stock exchange
S&P500 futures The index fell early Thursday after snapping a nine-day winning streak as geopolitical concerns remained elevated.
Futures tracking the broad market index fell 0.43%. Nasdaq 100 futures 0.57% decrease. Dow Jones Industrial Average Futures It was trading near the flatline.
shares of broadcom Shares fell 13% on Wednesday night after the chipmaker reported a fiscal second-quarter revenue shortfall. cyber security stocks cloud strike It fell 10% after a lackluster second-quarter earnings outlook.
Escalating tensions between the US and Iran and the resulting rise in oil prices and US Treasury yields weighed on stocks. of S&P500 Although it decreased by 0.74%, Nasdaq Composite It fell by 0.89%. Excellent company Dow 620.72 points (1.21%) below.
Oil prices rose as attacks escalated between the US and Iran. Iran attacked Kuwait International Airport in the early hours of Wednesday, a day after U.S. Central Command announced it had destroyed multiple Iranian ballistic missiles and drones and conducted a “self-defense strike” on Qeshm Island in the Persian Gulf. It said this was in response to an “attempted attack” by the Iranian government.
On Friday, the S&P 500 index posted its ninth consecutive week of gains. But Keith Lerner, chief information officer and chief market strategist at Truist Wealth, said it’s normal for stocks to fall after such strong performance.
“I think it’s time for me to take a break,” he said on CNBC’s “Closing Bell.” “We’ve come a long way. The fundamentals are solid. Bull markets still deserve the benefit of the doubt, but markets often take two steps forward and one step back. We’ve taken three steps forward, so we might at least take a little step back or at least chop sideways.”
siena and brown forman The company plans to announce its financial results before the opening bell on Thursday. Traders will also focus on first-quarter unit labor cost and productivity figures, as well as the number of new jobless claims for the week ending May 30.
—CNBC’s Kevin Brueninger contributed to this report.
