Key facts
- Major US stock indexes experienced a sharp decline on Wednesday, June 10, 2026.
- Artificial-intelligence stocks were a primary driver of the sell-off.
- The S&P 500 fell 1.6%, the Dow Jones Industrial Average dropped 1.9%, and the Nasdaq composite lost 2%.
- The Russell 2000 index of smaller companies declined 1.1%.
Major US stock indexes experienced a significant downturn on Wednesday, June 10, 2026, primarily driven by a sharp sell-off in artificial-intelligence stocks. The S&P 500 fell 1.6%, the Dow Jones Industrial Average dropped 1.9%, and the Nasdaq composite lost 2%. The Russell 2000 index of smaller companies also declined, falling 1.1%.
Wall Street has shown increased volatility since the previous week, as AI stocks, which had previously surged to record highs, began to decline. Concerns are mounting that the prices of these stocks have risen too rapidly. The market's weakness comes amid rising oil prices, influenced by President Donald Trump's threats of further strikes on Iran.
For the week, the S&P 500 is down 1.6%, the Dow is down 1.9%, and the Nasdaq is down 2.1%. The Russell 2000, however, has seen a slight gain of 0.1% for the week.
Year-to-date, the S&P 500 has gained 6.2%, the Dow is up 3.9%, and the Nasdaq has risen 8.3%. The Russell 2000 has shown the strongest performance year-to-date, with a gain of 14.2%.