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Dow Jones futures fell 0.3% as AI hardware leaders like Vertiv and Bloom Energy decline. See how market sentiment is shifting amid geopolitical uncertainty.
Dow Jones futures fell 0.3% early Tuesday, signaling a cautious start following a volatile Monday session where the index managed a 0.3% gain only after President Donald Trump announced a delay to a planned military strike on Iran [1]. While the Dow finished in positive territory, the broader market remained mixed, with the S&P 500 slipping slightly and the Nasdaq composite declining 0.5% [1].
The market’s recent rally faced significant pressure as investors rotated out of high-flying AI hardware stocks and into software names [1]. Hardware companies that had previously led the market's gains saw sharp pullbacks: Lumentum plunged 8.8%, Vertiv dropped 8.4%, Bloom Energy fell 6.25%, and Sandisk retreated 5.3% [1]. Applied Optoelectronics saw the steepest decline, diving 9% and bringing its total drop to 26.4% from an all-time high set just last Thursday [1].
In contrast, software stocks showed signs of a recovery. CrowdStrike rose 4.2% as it extended a recent breakout, while ServiceNow surged 8.8% to close above its 50-day moving average for the first time since late October [1]. This rotation highlights a shifting appetite for risk as investors weigh the sustainability of the AI hardware boom against the potential for further volatility [1].
Geopolitical tensions continue to cast a shadow over trading. Although crude oil prices pared gains to roughly $106 a barrel following the news of the postponed Iran attack, they had previously jumped 3.1% during the session [1]. Treasury yields also reflected the underlying uncertainty, with the 10-year yield climbing to a 51-week high of 4.62% before paring gains in the final hour of trading [1].
Market participants are now looking toward Wednesday night, when Nvidia is scheduled to report earnings [1]. This event serves as a critical test for the AI sector, with the potential to either reignite momentum for hardware leaders or trigger a broader wave of selling [1]. Whether the current rotation into software is a temporary hedge or a more permanent shift in market leadership remains the central question for investors navigating the current power trend [1].
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 2 outlets · Jun 15, 2026 · How we report
A tentative deal between the United States and Iran to extend a cease‑fire and reopen the Strait of Hormuz lifted hopes for energy‑market stability, prompting gains across U.S. and Asian equity indexes.
Brent crude fell about 5% to just above $83 a barrel, a decline that helped ease inflation pressures but remains above pre‑conflict levels.
Technology, especially AI‑related stocks, saw strong gains, with SpaceX up 19.6% and chip makers Micron, AMD, and Nvidia each posting double‑digit increases.
While the deal is expected to allow the strait to reopen soon, analysts say it could take months for oil flows to normalize because about 500 ships are still waiting to pass through.
Investor sentiment turned more positive, with risk appetite increasing as the perceived geopolitical risk of the Iran‑U.S. conflict receded.