More Stories

Informist, Thursday, Jun. 11, 2026                                      Tel +91 (22) 6985-4000

---

Equity Alert: US mkts end sharply lower Wed as sell-off in tech cos continues

 

MUMBAI--0745 IST--Headline indices in the US ended sharply lower Wednesday, falling for the second trading day in a row. The Dow Jones Industrial Average, the S&P 500, and the NASDAQ Composite were down nearly 2?ch. The sell-off in technology stocks continued. The Dow Jones, down by almost 1,000 points, closed below the 50000 mark for the first time after 14 sessions. The large-cap index was dragged down mainly by Caterpillar which fell 6%, Honeywell International fell 5%, and Goldman Sachs Group 3%. 

 

Among technology stocks, Broadcom fell almost 6%, Qualcomm 7%, Advanced Micro Devices and Micron Technology fell nearly 5?ch. Super Micro Computer tumbled a whopping 28?ter the company said it planned to raise $7 billion through equity-linked means to meet the rising demand for its servers and storage systems. Shares of chipmaker Nvidia Corp. and those of Elon-Musk-led Tesla also fell close to 4%. The Philadelphia Semiconductor Index fell almost 4% Wednesday. The S&P 500 Information Technology, one of the 11 key sectoral indices, fell over 2%.

 

Meanwhile, US consumer prices for May rose 4.2% on year in May, as against a 3.8% rise in April. This was the steepest increase seen in inflation since April 2023 when inflation went up 4.9% on year. Retail inflation was driven higher due to elevated energy prices. Energy inflation went up 23.5% on an annualised basis, a level unseen since 2022 when global energy prices suffered due to the war between Russia and Ukraine. The core inflation, which excludes food and energy prices, increased 2.9% year-on-year in May after rising 2.8% in April.

"With core measures suggesting more limited price increases and much of the upside coming from oil directly (energy) or indirectly (airfares), today's (Wednesday) release suggests that inflationary pressures stemming from the oil price shock have remained manageable for the US economy so far," Barron's quoted Josh Jamner, senior investment strategy analyst at ClearBridge Investments as saying.

 

The following were the closing levels of major US indices on Wednesday:

 

US Indices	Levels	Change in %
Dow Jones Industrial Average	49918.78	(-)1.87
NASDAQ Composite	25169.501	(-)1.98
S&P 500	7266.99	(-)1.62

 

(Ruchira Kagita)

 

US$1 = INR 95.27

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Akul Nishant Akhoury

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

NSE: National Stock Exchange
NYSE: New York Stock Exchange
NYMEX: New York Mercantile Exchange
SEBI: Securities and Exchange Board of India
RBI: Reserve Bank of India

Internet links:
Securities and Exchange Board of India - http://www.sebi.gov.in
Bombay Stock Exchange - http://www.bseindia.com
National Stock Exchange of India - http://www.nseindia.com
Directory of Indian government websites - http://goidirectory.nic.in
Indian Ministry of Finance - http://www.finmin.nic.in
Reserve Bank of India - http://rbi.org.in
Controller General of Accounts, Government of India - http://www.cga.nic.in
Government's Press Information Bureau - http://www.pib.nic.in

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2026. All rights reserved.