The Nasdaq Composite tumbled nearly 1% to 25,678.82 as high-flying AI chip leaders like AMD and Intel triggered a major momentum unwind. Escalating geopolitical clashes in the Strait of Hormuz and pre-CPI rate anxieties further fueled a broad-based risk-off rotation into value sectors.

Oracle (ORCL) will report its fiscal Q4 earnings on June 10 amid heightened AI sector volatility and intense infrastructure spending debates. While cloud demand remains robust with an expected $589.5 billion backlog, technical indicators hint at key consolidation scenarios before the print.

The S&P 500 fell 0.26% to close at 7,386.65 as an initial 1% artificial intelligence rally dissolved into widespread profit-taking. Escalating U.S.-Iran military strikes and defensive hedging ahead of the vital May CPI report triggered a massive 245-point intraday whipsaw.

Silver prices plummeted over 4% to a two-month low near $64.50 per ounce, driven by surging U.S. rate-hike expectations and geopolitical shifts. Technical indicators reveal a clear bearish breakdown, positioning the critical $60.00 psychological level as the next immediate target.

Bybit launched IPO Express on June 7, letting eligible users subscribe to tokenized IPO share exposure at the offering price, starting with SpaceX under the ticker SPCX. Subscriptions run through June 11 and spot trading is scheduled to open June 12. If the final offering price lands within 20% of the indicative price a user accepted, the allocation can be executed automatically without an extra confirmation step.

On June 9, charts for SHIB, XRP, DOGE and Bitcoin pointed to oversold conditions after sharp breakdowns, but each asset remained below key moving averages. SHIB briefly slid toward $0.0000045, XRP moved toward $1.10 before trying to base at $1.15–$1.18, DOGE dipped to $0.085, and Bitcoin fell from over $80,000 to almost $60,000 then steadied around $62,000–$63,000.

Binance said its newly launched U.S. stock-trading service exceeded $400 million in assets under management one week after it went live on June 1. The offering gives eligible non-U.S. users access to 7,000+ U.S.-listed stocks and ETFs with zero commissions and fractional buying starting from $5, funded via USDT, USDC, or BNB.

Sen. Elizabeth Warren said she sent a letter on Monday to CFTC Chair Michael Selig seeking internal records on the agency's oversight of crypto and prediction markets, with a response deadline of June 18. She pointed to a roughly 25% staff reduction since January 2025 and a decline in enforcement actions from 58 in fiscal year 2024 to 11 since Donald Trump took office, arguing the agency may be overstretched as Congress weighs the Clarity Act.