Today's market session saw a broad selloff across all major indices, with the S&P 500, Nasdaq Composite, and Dow Jones all posting declines. The S&P 500 closed at 7,420.10, down 91.25 points (-1.21%), while the Nasdaq Composite ended at 26,021.66, down 354.69 points (-1.34%). The Dow Jones closed at 51,492.55, down 507.12 points (-0.98%). The selloff was driven by a combination of factors, including a surge in bond yields following Warsh's first Fed meeting, a tech sell-off, and concerns over the Fed's rate hike. The Dow closed 500 points lower, with the S&P 500 and Nasdaq also falling significantly. The most significant macro driver was the surge in bond yields, which led to a risk-off tone in the market. The tech sell-off was also a notable theme, with Nvidia, Broadcom, and Micron Technology leading the drop in the Nasdaq. Additionally, the US-Iran deal spurred a slide in oil prices, which had a positive impact on the market. However, the overall tone of the session was risk-off, with investors pulling back from riskier assets.
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Market Summaries
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Market Summary — June 17, 2026
Published 2026-06-17T20:15:04.917384+00:00
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