LIVE BLOG23 Jun 2026 | 06:22:46 PM ISTTech stocks under pressure as Nasdaq futures tumble on AI spending fears.SynopsisDow Jones Today | US Stock Market Live: Investors are keeping a close eye on developments in the Middle East after the US waived sanctions on Iran for ​60 days after the first round of talks under a nascent peace deal, with U.S. President Donald Trump saying he will "do what I have to do" if Iran does not stick to its side of the agreement.Dow Jones Today | Nasdaq | S&P 500 Live Updates: Wall Street futures weakened on Tuesday, with Nasdaq futures falling over 2% as concerns about debt-fueled AI spending and the prospect of higher U.S. interest rates weighed on risk appetite.1 New UpdateDow Jones| Nasdaq | US Stock Market Today | Live: Gold falls as hawkish Fed bets lift dollar to one-year peakGold prices dropped more than 1% on Tuesday, as the ​U.S. dollar strengthened to a one-year ​high on market expectations of a stricter U.S. Federal Reserve, ​pressuring the non-yielding precious metal.Spot gold fell 1.7% to $4,121.09 an ounce, as of 1144 GMT, having touched its lowest since June 11 at $4,090.27 earlier. Bullion has fallen over 3% since the Fed ‌meeting last ⁠week.U.S. gold ⁠futures for August delivery fell 1.5% to $4,139/oz.Dow Jones| Nasdaq | US Stock Market Today | Live: Aluminium falls to three-month low on Gulf supply prospectsAluminium prices fell to ​their lowest in almost three ​months on Tuesday as the United States granted Iran a ​60-day sanctions waiver following initial peace talks, improving prospects for a resumption in Gulf shipments through the Strait of Hormuz. The benchmark three-month aluminium on the London Metal Exchange was ‌down 2.8% ⁠at $3,269 a ⁠metric ton in official open-outcry trading, after hitting $3,225.5, its lowest since March 26.Dow Jones| Nasdaq | US Stock Market Today | Live: Elon Musk's fortune takes a $300 billion hit as SpaceX sees $1 trillion rout in market valuelon Musk's fortune has shrunk by an estimated $350 billion in less than a week as a sharp selloff in SpaceX shares erased nearly $1 trillion from the company's market value, raising fresh questions about the sustainability of its post-IPO rally. (Read more)Dow Jones| Nasdaq | US Stock Market Today | Live: AI valuation concerns resurface as chip stocks retreat; Micron earnings in focusUS market's AI-driven rally showed signs of fatigue on Tuesday as investors reassessed lofty valuations in semiconductor stocks following a strong post-ceasefire run. Micron, Sandisk and Western Digital fell sharply ahead of Micron's closely watched earnings report, while markets also monitored developments in US-Iran relations after Washington temporarily eased sanctions on Tehran under a fragile peace agreement.Dow Jones| Nasdaq | US Stock Market Today | Live: Russell 2000 futures slide over 1%, US market fear gauge jumps to one-week highRisk sentiment weakened further on Tuesday as futures tied to the rate-sensitive Russell 2000 Index fell over 1%, signaling broad-based selling beyond technology stocks. The CBOE Volatility Index (VIX), widely known as Wall Street's fear gauge, climbed 2.78 points to 20.06, its highest level in more than a week, reflecting growing investor anxiety over interest rate expectations and market volatility.Dow Jones| Nasdaq | US Stock Market Today | Live: Nasdaq futures tumble nearly 3% as AI spending fears, rate hike concerns mount.Futures tracking the tech-heavy Nasdaq fell more than 2% ​on Tuesday, leading declines on Wall Street, as concerns about looming U.S. rate hikes and debt-backed corporate spending on AI weighed on investor sentiment. At 06:42 a.m. ET, ⁠Dow E-minis were down 297 points, or 0.57%, and S&P 500 E-minis were down ​113 points, or 1.5%. Nasdaq 100 E-minis were down 891.75 points, or 2.91%.Dow Jones| Nasdaq | US Stock Market Today | Live: Chip stocks take the hardest hit as AI spending concerns widen tech selloffUS tech stocks extended their selloff into premarket trading as doubts over hyperscalers' heavy AI spending weighed on sentiment amid elevated valuations and high borrowing costs. Nvidia and Alphabet fell nearly 3% each, while chipmakers took a sharper hit — Intel, Marvell Technology and Advanced Micro Devices dropping between 6.3% and 8.2%.Dow Jones| Nasdaq | US Stock Market Today | Live: SpaceX logs biggest single-day drop since debut as bond market entry revives AI spending fearsShares of Elon Musk's SpaceX fell 4.2% in premarket trading Monday, marking their steepest single-day decline since the company's blockbuster IPO earlier this month. The drop came as SpaceX joined a growing list of megacaps tapping the bond market to fund AI and infrastructure spending — a move that reignited concerns over Big Tech's debt-fuelled spending spree. Analysts warned the trend signals a worrying pattern of excessive AI infrastructure investment increasingly financed through borrowing.