Trump vows to respond to downed US helicopter
By Caroline Valetkevitch and Twesha
Dikshit
Tue June 9, 2026
The big tech rebound lasted but a day. Upon hearing the news of the downed Apache helicopter in the Strait of Hormuz raising ever more doubts about a truce, all the indexes sank dramatically all morning until 1 pm. The Dow was down almost 600, the Nasdaq down a whopping 950, the S&P over 160. After 1 pm, the market began a steady rebound with tech recouping most of its losses and the Dow even managed to break into the black in the final few minutes. The VIX hit 19.8, its highest in two months (but still a far cry from the benchmark 30 that spells real trouble) but all eyes will now be on CPI coming Wednesday.
The chip index was down almost 9% at one point but managed to close at a minus 1.9% on the day. Today’s expert provided some perspective, “There’s also a rotation going on so part of it is more of a momentum unwind.” The market is also still recouping from Friday’s massive jobs report which not only snuffed hopes for a rate cut this year but also revived fears of a rate hike. And everyone is bracing for Elon Musk’s enormous $1.75T IPO on Friday which is widely expected to create a lot of turmoil. Volume came in at a whopping 24.77, way above the 20 billion average.
DJ: 50,786.01 -80.77 NAS: 25,929.66
+220.23 S&P: 7,405.73
+21.99 6/8
DJ: 50,872.11 +86.10 NAS: 25,678.82
-250.84 S&P: 7,386.65
-19.08 6/9
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