Wall Street indexes jump, Trump says strikes against Iran canceled
By Caroline Valetkevitch and Joel
Jose
Thu June 11, 2026
With all the recent war news leaving nerves so frazzled, the indexes were playing things quite close to the vest until exactly 1:30 pm when there was a sudden and dramatic jump way up and stayed there the rest of the session. It must have been right then that Trump made the announcement to cancel the attack plans on Iran which were only hours away. The indexes recouped all of yesterday’s massive losses even if, as today’s expert put it, the metrics still show an oversold market.
“Just as we had gone up too far, too fast, we came down too far, too fast.” PPI came to today and like CPI yesterday showed prices still very much on the rise showing the largest gain in three years. All eyes now are on tomorrow’s massive SpaceX IPO, the biggest in history at $75B and now valuing the company at an enormous $1.77T with hopes that this will not create chaos in the market on Friday. Volume came in at 21.4 billion, a tad above the 20.7 average.
DJ: 49,918.78 -953.33 NAS: 25,169.50
-509.32 S&P: 7,266.99
-119.66 6/10
DJ: 50,848.75 +929.97 NAS: 25,809.66
+640.16 S&P: 7,394.30 +127.31 6/11
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