On June 8, 2026, U.S. stocks continued their recent selloff, with major indices declining as investors weighed geopolitical risks. The S&P 500 fell by 1.2%, while the Dow Jones Industrial Average dropped 0.9%, according to market data. The tech-heavy Nasdaq Composite led losses, sliding 1.8% amid concerns over rising interest rates and valuation pressures.
Oil prices climbed sharply, with West Texas Intermediate crude rising 3.5% to $82.40 per barrel, as tensions between Iran and the U.S. escalated. Reports indicated that Iran had resumed uranium enrichment activities, prompting fears of supply disruptions in the Middle East. Brent crude, the global benchmark, also gained 3.2% to $86.10 per barrel.
The selloff in equities was broad-based, with technology shares particularly hard hit. Apple Inc. and Microsoft Corp. each fell over 2%, while energy stocks bucked the trend, gaining on higher oil prices. The yield on the 10-year U.S. Treasury note rose to 4.35%, reflecting investor anxiety about inflation and monetary policy.
Analysts noted that the market's reaction was driven by a combination of factors, including the Iran situation and ongoing concerns about the Federal Reserve's interest rate path. The CBOE Volatility Index, a measure of market fear, jumped 15% to 22.5, indicating heightened uncertainty.
