LIVE BLOG03 Jun 2026 | 07:30:01 PM ISTWall Street slips as oil surge and Mideast tensions hit sentimentSynopsisDow Jones Today | US Stock Market Live: US stock futures eased as rising crude prices and renewed Middle East tensions weighed on sentiment near record highs. AI-driven momentum supported select tech stocks, while investors awaited key economic data and monitored Fed rate outlook and geopolitical risks.Dow Jones Today | Nasdaq | S&P 500 Live Updates: US equity futures edged lower on Wednesday as a spike in oil prices following fresh Middle East tensions dampened risk appetite. Despite record highs in the previous session, investors turned cautious amid inflation concerns. AI-linked stocks including Broadcom and Marvell remained in focus, while markets awaited key US services data and signals on Federal Reserve policy direction. Show more Show less1 New UpdateDow Jones| Nasdaq | US Stock Market Today | Live: Top S&P 100 gainersDow Jones| Nasdaq | US Stock Market Today | Live: Iran strike on Kuwait airport kills one, injures 63 in major escalationAn Iranian missile and drone attack on Kuwait International Airport killed one person and injured 63 others, forcing a temporary shutdown and disrupting flights. Kuwait said the strike caused damage to airport infrastructure and diplomatic missions, with victims including civilians, airport staff, and travellers.Iran said it targeted US-linked military sites in Kuwait and Bahrain in retaliation for alleged US strikes on Iranian assets. The US military stated it intercepted most incoming missiles and drones, saying the attacks largely failed to reach their targets.The incident marks the first deadly strike in the Gulf since an April ceasefire, raising concerns over renewed regional instability. Air traffic has since partially resumed, but tensions remain elevated across the region.Dow Jones| Nasdaq | US Stock Market Today | Live: US stocks open lower on fresh Mideast tensionsWall Street opened lower on Wednesday as crude oil prices surged following fresh Mideast tensions and the US government announced a proposal to impose fresh tariffs on 60 economies on alleged failure to curb forced labour. Read moreDow Jones| Nasdaq | US Stock Market Today | Live: EU pushes tech sovereignty plan to boost European AI and cloud firmsThe European Union unveiled a “tech sovereignty” strategy aimed at reducing dependence on US and Asian technology providers, particularly in AI and cloud computing. The plan seeks to prioritize European firms in sensitive public contracts and expand domestic capabilities across critical digital infrastructure.The package includes proposals for a new cloud and AI law to build data centres in Europe, stronger semiconductor support through a chips initiative, and increased use of open-source software in the public sector. The EU currently relies on foreign providers for more than 80% of its digital products and services, raising concerns over strategic vulnerability.Officials argue the move is necessary to secure critical systems such as defence, energy, and healthcare, while critics warn US dominance will persist despite the shift. The policy also risks friction with Washington, which has previously opposed EU regulations targeting American tech companies.Dow Jones| Nasdaq | US Stock Market Today | Live: US proposes new tariffs on 60 economies over 'forced labor'The US Trade Representative on Tuesday proposed new duties targeting 60 economies for alleged failures to act against forced labor, a move that risks renewed trade tensions with key partners.The proposed levies range from 10 percent to 12.5 percent, according to a government filing, and come as President Donald Trump's administration seeks to rebuild its tariff agenda following legal setbacks.The measures will undergo a public comment period before a final decision is made.Dow Jones| Nasdaq | US Stock Market Today | Live: US private hiring tops forecasts in May, ADP data showsUS private sector employment rose by 122,000 in May, beating estimates of 110,000 and improving from April’s revised 105,000, according to ADP. Hiring strength was broad-based across industries, indicating steady labor market momentum.Growth was seen across sectors including education, health services, trade, transportation, and utilities. ADP noted that employers of all sizes contributed to job gains, suggesting widespread demand for labor.Wage growth remained steady for workers staying in their jobs at 4.4%, while pay gains for job changers eased slightly to 6.5% from 6.6% in April. The report adds to expectations ahead of the official US employment data due Friday.Dow Jones| Nasdaq | US Stock Market Today | Live: Data and Fed outlook in focus amid market cautionInvestors are closely tracking upcoming economic indicators, including S&P Global surveys and the ISM services index, ahead of the US jobs report. Money markets currently expect the Federal Reserve to hold rates steady in the near term, though the probability of a late-year hike remains. Meanwhile, asset managers such as KKR and Blackstone declined after Partners Group capped withdrawals from a private equity fund, adding another layer of caution to market sentiment.Dow Jones Today | Nasdaq | S&P 500 Live Updates: IPO pipeline revives with SpaceX and peersInvestor attention also turned to the primary market, where Elon Musk’s SpaceX is reportedly targeting a record $75 billion IPO. The planned listing signals a revival in large-cap IPO activity, with firms such as Anthropic and OpenAI also preparing to tap public markets. The renewed pipeline reflects improving risk appetite and capital market conditions after a prolonged slowdown in high-profile listings.Dow Jones| Nasdaq | US Stock Market Today | Live: AI momentum supports select technology stocksTechnology shares linked to artificial intelligence continued to attract interest, providing partial support to the market. Nvidia’s ongoing influence, combined with strong earnings from Dell and Hewlett Packard Enterprise, reinforced expectations of sustained AI spending. Marvell Technology surged sharply in premarket trading after bullish commentary from Nvidia CEO Jensen Huang, while Broadcom advanced ahead of its closely watched quarterly results.Dow Jones| Nasdaq | US Stock Market Today | Live: Geopolitical risks cloud outlook despite deal hopesMarkets remained sensitive to developments in the Middle East, with uncertainty around supply disruptions and escalation risks driving volatility. While optimism persists around a potential US-Iran understanding, the latest flare-up signaled limited progress. Comments from US President Donald Trump indicating Iran’s willingness to avoid nuclear escalation offered some relief, but investors continued to price in geopolitical uncertainty and its implications for energy markets and global growth.Dow Jones| Nasdaq | US Stock Market Today | Live: Futures retreat as oil spike weighs on sentimentUS stock futures slipped on Wednesday, with Dow and S&P 500 futures edging lower as crude oil prices surged following fresh geopolitical tensions in the Middle East. Brent crude climbed above $98 per barrel after reports of an Iranian strike and US military response near the Strait of Hormuz. The rise in oil heightened inflation concerns, tempering risk appetite even as Wall Street hovered near record highs after a strong prior session.