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The S&P 500 Index ($SPX) (SPY) is up +0.58%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.91%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.64%.  June E-mini S&P futures (ESM26) are up +0.70%, and June E-mini Nasdaq futures (NQM26) are up +0.79%.

Stocks are seeing support again today as reports circulate that an interim US-Iran peace agreement could be signed as early as this weekend, ending the military hostilities, reopening the Strait of Hormuz, and ending the US blockade on Iran and its oil exports.  Negotiations would then begin on the more intractable issues, such as sanctions against Iran, the release of $24 billion of frozen Iranian assets, and the resolution of Iranian nuclear issues.  However, Iran said its leaders still need to make a final decision on the proposed interim peace deal.Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.

Stocks surged on Thursday after President Trump said he canceled planned military strikes against Iran, citing "discussions" with Iranian leadership.  He added that a "time and place of the signing" of a negotiated end to the war would "be announced shortly," and the US naval blockade of the Strait of Hormuz "will remain in full force and effect until this transaction is finalized."

WTI crude oil prices (CLN26) are down more than -3% today on hopes for a near-term US-Iran agreement and a reopening of the Strait of Hormuz.

In positive news for stocks, the University of Michigan’s June US Consumer Sentiment Index rose +4.1 to 48.9, which was stronger than expectations for a rise to 46.0.  Also, the University of Michigan’s June 1-year inflation expectations rate eased to +4.6% from +4.8% in May, and was weaker than expectations of +4.9%.  The June 5-10 year inflation expectations rate eased to +3.4% from +3.9% in May, weaker than expectations of +3.8%.

The markets are discounting a zero percent chance of a +25 bp rate hike at the next FOMC meeting on June 16-17.

Overseas stock markets are higher today.  The Euro Stoxx 50 is up +1.9%.  China's Shanghai Composite closed up +1.12%.  Japan’s Nikkei-225 Stock Average closed up +2.81%.

Interest Rates

September 10-year T-notes (ZNU6) today are down -3 ticks, and the 10-year T-note yield is up +1.6 bp at 4.477%.  T-notes are seeing weakness today as the 10-year inflation expectations rate is up +0.1 bp at 2.306%, despite today’s drop in oil prices.  The T-note market remains worried about inflation pressures, which are likely to remain sticky even after the Strait of Hormuz reopens.  The T-note market has some carry-over weakness from Thursday, when demand was lackluster for the Treasury’s 30-year bond auction.

European government bond yields are trading lower.  The 10-year German bund yield is down -3.3 bp at 2.999%.  The 10-year UK gilt yield is down -6.6 bp at 4.839%.

On Thursday, the ECB, as expected, raised the deposit facility rate by +25 bp to 2.25% from 2.00% and said, "The outlook remains uncertain, with upside risks for inflation and downside risks for economic growth." Swaps are discounting a 37% chance of a +25 bp ECB rate hike at its next policy meeting on July 23.

US Stock Movers

Space Exploration Technologies Corp (SPCX), doing business as SpaceX, started trading today near $160 per share, up nearly +20% from Thursday’s IPO of $135.  The IPO was more than four times oversubscribed, indicating strong demand for the stock.  A strong showing by SpaceX today would be positive for investor sentiment and could help the upcoming IPOs for AI companies Anthropic and OpenAI.

Space-linked stocks are trading lower despite the favorable SpaceX debut, with EchoStar (SATS) down more than -9%, and Rocket Lab (RKLB) down more than -7%.

Chip stocks recovered from early losses and are trading mostly higher.  The iShares Semiconductor ETF (SOXX) is up +2.25% today, adding to Thursday’s sharp rally of +8.39%.  Thursday’s rally was sparked by signs that AI spending is continuing after Oracle reported quarterly capital expenditures that were higher than expected, driven by increased data center spending.  Chip leaders today include Arm Holdings (ARM)with a gain of more than +10%, and gains of more than +5% in Qualcomm (QCOM), AMD (AMD), and Intel (INTC).

Adobe (ADBE) is down more than -7% after CFO Dan Durn said he would leave the company on June 15, following news earlier this year that Adobe’s CEO would resign.  The Adobe news put continued downward pressure on software stocks, which were undercut on Thursday by negative earnings news from Oracle (ORCL).  Autodesk (ADSK) is down more than -3% and Intuit (INTU) is down by more than -2%.

Airline stocks are seeing continued support after oil prices today moved lower, adding to Thursday’s decline.  United Airlines (UAL), American Airlines (AAL), and Southwest Airlines (LUV) are all up more than +3%.

Energy stocks and service providers are trading higher with today’s continued sell-off in crude oil prices.  Occidental Petroleum (OXY), Valero (VLO), and Marathon Petroleum (MPC) are all up more than +2%.

Astera Labs (ALAB), CoreWeave (CRWV), Nebius Group (NBIS), Rocket Lab (RKLB), and Teradyn (TER) are seeing support today after Nasdaq announced on Thursday that those stocks will join the Nasdaq 100 Index, effective at the market open on June 22. Stocks leaving the Nasdaq 100 include Charter Communications (CHTR), Cognizant Technology Solutions (CTSH), Insmed (INSM), Verisk Analytics (VRSK), and Zscaler (ZS).

Travelers (TRV) is seeing downward pressure after Barclays cut its rating on the stock to underweight from equal-weight due to a downbeat outlook for profits in the property and casualty sector.

Earnings Reports(6/12/2026)

America's Car-Mart Inc/TX (CRMT), Atlantic International Corp (ATLN), Friedman Industries Inc (FRD), Liberty Live Holdings Inc (LLYVA), Pioneer Bancorp Inc/NY (PBFS), Richtech Robotics Inc (RR), Seneca Foods Corp (SENEB), Whitestone REIT (WSR).

On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Investing.com -- The broader software complex experienced widespread declines on Friday as fragile investor confidence gave way to a wave of sympathetic selling across the sector. The turn lower continued to arrest a month-long recovery fueled in part by strong corporate results and forward guidance from Snowflake.

The shift in capital allocation reflects a market that remains deeply hypersensitive to any perceived headwind within the enterprise technology layer. Rather than treating recent operational changes at Adobe Systems Incorporated (NASDAQ:ADBE) and heavy capital spending projections at Oracle Corporation (NYSE:ORCL) as isolated events, institutional investors have aggressively unwound positions across the board.

Wall Street analysts noted that Adobe's strategic pivot to a freemium model and Oracle's massive debt-funded data center buildout have fundamentally altered profitability expectations for the near term. Market observers widely concluded that these shifting corporate dynamics are injecting incremental uncertainty into a sector already struggling to defend its valuation multiples.

The iShares Expanded Tech-Software Sector ETF (NYSE:IGV) fell slightly as it looked to close out a punishing week, dropping over 5% over the past five days, worsening a 15% fall over the past year. However, the damage has not entirely wiped out the sector's recent momentum, as the ETF maintains a 1.5% gain over the past month.

Large-cap enterprise names bore the brunt of the algorithmic and fundamental selling pressure as macro anxieties intensified. ServiceNow Inc (NYSE:NOW) slid around 1.5%, while data warehouse pioneer Snowflake Inc (NYSE:SNOW) dropped close to 1% during a volatile trading session.

Industry bellwether Salesforce Inc (NYSE:CRM) fell over 1%, as even the most deeply entrenched customer relationship software models have not been immune to the prevailing market malaise. Intuit Inc (NASDAQ:INTU) also joined the broader retreat, dropping close to 2.5% as investors trimmed exposure ahead of the weekend.

The downward pressure extended deeply into specialized software segments, prompting sharp losses in design and cybersecurity names. Adobe competitor Figma Inc (NYSE:FIG) lost over 6.5%, while Autodesk Inc (NASDAQ:ADSK) and data security provider Rubrik Inc (NYSE:RBRK) dropped 2.5% each as momentum capital rotated away from application layers.

The aggressive de-risking in software occurred against the backdrop of a broader equity stabilization, highlighting a painful performance divergence within technology. Investors actively favored hardware and semiconductor alternatives over application providers, pushing software back into a selective, sideways trading pattern.

Story Continues

The persistent weakness across these secondary software names underscores deep-seated fears that generative artificial intelligence tools will ultimately compress seat-based subscription pricing. Until the industry can prove these emerging technologies expand the total addressable market rather than cannibalize it, the sector appears poised to struggle for direction.

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JPMorgan outlines ten strategic themes that could shape the outlook for 2026

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Inspire Leadership NetworkMeet the 2026 BostonCISO ORBIE Award Winners

Leading CISOs honored for leadership, enterprise security, and business impact.

BOSTON, June 12, 2026 (GLOBE NEWSWIRE) -- The 2026 BostonCISO ORBIE Awards honored leading chief information security officers (CISOs) from Omnicom Group, Bain & Company, Inc, Group1001, Cambridge Health Alliance, Flagship Pioneering, Babson College & Analog Devices, Inc. for their exceptional leadership. Hosted by BostonCISO, a chapter of the Inspire Leadership Network, the prestigious awards honor CISOs who drive business transformation and industry impact.

Held at the Renaissance Boston Seaport District, the ceremony brought together top executives and industry leaders to honor excellence in security leadership across seven award categories.

"Behind every successful cybersecurity strategy is a CISO sharing a vision and a team rallying to the cause," said Bob Litterer, BostonCISO Chair. "The ORBIE Awards are the most recognized and celebrated validation of these high performing leaders and the teams they've guided and inspired."

Meet the 2026 BostonCISO ORBIE Award Winners:

Russell Koste, CISO, Analog Devices, Inc., received the Leadership ORBIE. Christina Mazzone, Deputy CISO, Omnicom Group, received the Super Global ORBIE for organizations over $17 billion annual revenue & multi-national operations. Tyler Gilbreath, EVP & CISO, Bain & Company, Inc, received the Global ORBIE for organizations over $4 billion annual revenue & multi-national operations. Christopher Kennedy, CISO, Group1001, received the Large Enterprise ORBIE for organizations over $1.5 billion annual revenue. Astrid Lambert, CISO, Cambridge Health Alliance, received the Enterprise ORBIE for organizations over $875 million annual revenue. Julia Starr, CISO & DPO, Flagship Pioneering, received the Large Corporate ORBIE for organizations over $400 million annual revenue. Michael Gioia, CISO, Babson College, received the Corporate ORBIE for organizations up to $325 million annual revenue.

About the ORBIE:

The ORBIE is the preeminent executive recognition for C-suite leaders. Since 1998, the ORBIE Awards have recognized leadership excellence, building relationships between executives and trusted business partners, and inspiring the next generation of executives. Finalists and winners are selected through an independent peer-adjudicated process led by prior ORBIE recipients based on the following criteria:

Leadership and management effectiveness Business protection created by enterprise security Engagement in industry and community endeavors

Story Continues

BostonCISO ORBIE Keynote & Attendance:

The keynote address for the BostonCISO ORBIE Awards was delivered by Russell Koste, CISO, Analog Devices, Inc., & Michael Daly, VP & CISO, Vertex Pharmaceuticals. Over 300 guests attended, representing leading New England organizations and their technology partners.

The following partners made the 2026 BostonCISO ORBIE Awards possible:

Underwriters: Fortinet, T-Mobile for Business & WEI Gold Partners: Chainguard & Optiv Silver Partners: 7AI, Armis, Cyera, DigiCert, Red Canary, SentinelOne, Sublime Security & Tata Consultancy Services Bronze Partners: Aqueduct Technologies, AttackIQ, Between Pixels, Dragos, Elisity, Firemon, Forescout Technologies, GuidePoint Security, Horizon3.ai, K Logic Security, Proofpoint, RSM US, SDG, Symmetry Systems, Tevora, Winslow Tech Group & X-Analytics Media Partner: Boston Business Journal Nonprofit Partner: Year Up United

To learn more about partnership opportunities and how to connect with leading C-suite executives across North America, click here.

About BostonCISO:

BostonCISO is the preeminent peer leadership network of chief information security officers (CISOs) in New England. As one of over 40 chapters of the Inspire Leadership Network, BostonCISO belongs to a national membership organization exclusively comprised of C-suite leaders from public and private businesses, government, education, healthcare, and nonprofit institutions.

BostonCISO is led by a CISO Advisory Board, with support from an executive director and staff. Underwriter executives support the chapter and ensure the programs remain non-commercial and exclusive to qualified CISOs and members.

About Inspire Leadership Network:

Inspire Leadership Network is the preeminent peer leadership network of C-suite executives. With nearly 2,000 members across more than 40 local chapters, Inspire members serve public and private businesses, government, education, healthcare, and non-profit institutions. Inspire exists to help leaders thrive in today's most challenging executive roles.

Media Contact Nicole Lammes nicole.lammes@inspirecxo.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/54c4c63b-c905-45aa-a620-805f683933bd

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Make better investment decisions with Simply Wall St's easy, visual tools that give you a competitive edge.

The Morning Bull - US Market Morning Update Friday, Jun, 12 2026

US stock futures are pointing higher this morning, with E-mini S&P 500 futures up about 0.8% and Nasdaq-100 minis gaining around 1.2%, as investors weigh hotter US inflation against still solid rate expectations. May consumer prices rose 0.5% month on month, pushing headline inflation to 4.2% and energy costs up 23.5% over the year, which means pricier gasoline and heating for households. At the same time, the 10 year Treasury yield is holding near 4.55%, suggesting markets still see a Federal Reserve hike later in the year. The key question is whether high energy costs and higher for longer rates hurt rate sensitive areas like housing and real estate more than they help energy producers and bank stocks.

With inflation running hot and rates pinned higher, focus on 67 resilient stocks with low risk scores before the next move hits.

Top Movers

Sandisk (SNDK) jumped 14.50% after multiple analysts lifted price targets on AI related demand. Coupang (CPNG) climbed 14.09% as a regulatory fine landed below market expectations, easing a key overhang. KLA (KLAC) gained 12.92% after brokers raised price targets on wafer fab equipment demand.

Is Sandisk still a smart investment or just hype? Read our most popular narrative and get all the answers you need.SNDK 1-Year Stock Price Chart

Top Losers

Oracle (ORCL) fell 8.53% after mixed Q4 results and a heavier focus on future AI infrastructure spending. Autodesk (ADSK) declined 7.10%. Adobe (ADBE) fell 6.25% after Q2 earnings and buyback updates failed to lift sentiment.

Before reacting to sharp pullbacks like these, it can help to sense check balance sheet strength and earnings quality using tools such as solid balance sheet and fundamentals stocks screener (47 results).

Read our free valuation report to discover if Oracle is now a bargain or a trap.

Look past the noise - uncover the top narrative that explains what truly matters for Oracle's long-term success.ORCL 1-Year Stock Price Chart

On The Radar

US manufacturing and housing data step into the spotlight next week, setting the tone after the latest inflation surprise.

US Manufacturing:NY Empire State Manufacturing Index on Monday will update the picture for factory activity and new orders. US Output:Industrial Production MoM on Monday gives a fresh read on production trends after May's CPI release. US Housing:NAHB Housing Market Index on Monday helps you gauge builder sentiment with mortgage rates near 6.6%. Eurozone Activity:Euro Area Industrial Production MoM on Monday offers context for global demand and export-exposed US sectors. Canada Housing:Housing Starts on Monday provides an extra check on North American housing momentum and construction-related demand.

Story Continues

Use our Portfolio or Watchlist features to track market-moving events like these and get alerts for the companies you own, free!

Don't Wait For The Winners, Find Them

When markets feel jumpy, you do not need to guess where the sturdier opportunities might be hiding. Start by scanning 46 high quality undervalued stocks that our team has already filtered for quality, balance sheet resilience, and timely potential.

Want to find your own potential winners? Our stock screener lets you run custom searches that fit your style and set timely alerts so you never miss new opportunities.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

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The S&P 500 Index ($SPX) (SPY) today is up +0.03%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.42%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.37%.  June E-mini S&P futures (ESM26) are up +0.03%, and June E-mini Nasdaq futures (NQM26) are up +0.40%.

Stock indexes are moving higher today, as chipmakers and other AI-related stocks climb to lift the broader market and recover some of Wednesday’s sharp losses.  However, software stocks are on the defensive today, led by an -11% slump in Oracle after it reported higher-than-expected capital expenses, driven by increased data spending.Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.

Stocks are being undercut as crude oil prices erased early losses and whipsawed higher on concerns about the escalation of Middle East hostilities after President Trump said the US will be hitting Iran very hard tonight and will "at some point" take control of Kharg Island, Iran's key export hub, thus taking control of Iran's oil and gas markets.

Stocks are also pressured by today’s US economic reports, which showed that weekly US jobless claims unexpectedly rose to a 4-month high and that May producer prices were mixed.

Late Wednesday, President Trump said the US will continue bombing Iran if it refuses to agree to an interim peace deal.  Mr. Trump ordered multiple strikes on Iranian targets on Wednesday, and Iran retaliated by firing on US bases in Kuwait, Bahrain, and Jordan.  The increase in tensions risks derailing peace talks between Iran and the US, thus keeping the Strait of Hormuz closed, and further tightening global energy supplies.

US weekly initial unemployment claims unexpectedly rose +4,000 to a 4-month high of 229,000, showing a weaker labor market than expectations of a decline to 220,000.

US May PPI final demand rose +1.1% m/m and +6.5% y/y, stronger than expectations of +0.7% m/m and +6.4% y/y, with the +6.5% y/y gain being the largest year-on-year increase in 3.5 years.  However, May PI ex food and energy rose +0.4% m/m and +4.9% y/y, weaker than expectations of +0.5% m/m and +5.4% y/y.

WTI crude oil prices (CLN26) are extremely volatile, whipsawing higher and lower several times today.  Crude prices today initially gave up an overnight advance of more than +2% and fell more than -1% as concerns over the escalation of the US-Iran conflict eased after the US ended strikes against Iran.  However, prices then rallied more than +1% again when President Trump said the US would keep attacking Iran and threatened to seize the Kharg Island oil terminal, Iran’s main crude exporting hub.

The markets are discounting a 3% chance of a +25 bp rate hike at the next FOMC meeting on June 16-17.

Overseas stock markets are mixed today.  The Euro Stoxx 50 is up +0.89%.  China's Shanghai Composite closed down -0.16%.  Japan's Nikkei Stock Average recovered from a 2.5-week low and closed up +0.06%.

Interest Rates

September 10-year T-notes (ZNU6) today are up +4 ticks, and the 10-year T-note yield is down -3.0 bp to 4.523%.  T-notes are moving higher today after US weekly jobless claims unexpectedly rose to a 4-month high and May producer prices ex-food and energy rose less than expected, dovish factors for Fed policy.

Gains in T-notes are limited after crude oil prices whipsawed higher after President Trump said the US will keep on attacking Iran and threatened to seize Kharg Island, Iran’s main crude exporting hub.  Also, supply pressures are negative for T-notes, as the Treasury will auction $22 billion of 30-year T-bonds later today.

European government bond yields are moving lower today.  The 10-year German Bund yield fell from a 2.5-week high of 3.091% and is down -4.1 bp to 3.035%.  The 10-year UK gilt yield is down -2.6 bp to 4.905%.

The ECB, as expected, raised the deposit facility rate by +25 bp to 2.25% from 2.00% and said, "The outlook remains uncertain, with upside risks for inflation and downside risks for economic growth."

The ECB cut its 2026 Eurozone GDP estimate to +0.8% from a previous estimate of +0.9%, and raised its 2026 Eurozone inflation ex-food and energy forecast to +2.5% from a previous forecast of +2.3%.

Swaps are discounting a 64% chance of a +25 bp ECB rate hike at its next policy meeting on July 23.

US Stock Movers

Chipmakers and AI-infrastructure stocks are moving higher today on signs that AI spending is continuing after Oracle reported quarterly capital expenditures that were higher than expected, driven by increased data center spending.  KLA Corp (KLAC) is up more than +8% to lead gainers in the S&P 500 and Nasdaq 100, and Applied Materials (AMAT), Intel (INTC), Lam Research (LRCX), and Sandisk (SNDK) are up more than +6%.  Also, ARM Holdings Plc (ARM) is up more than +5%, and ASML Holding NV (ASML) is up more than +4%.  In addition, Marvell Technology (MRVL), Seagate Technology Holdings Plc (STX), Advanced Micro Devices (AMD), and Analog Devices (ADI) are up more than +3%, and Microchip Technology (MCHP), NXP Semiconductors NV (NXPI), Micron Technology (MU), Texas Instruments (TXN), and Western Digital (WDC) are up more than +2%.

Software stocks are under pressure today, limiting gains in the overall market, with Oracle (ORCL) down more than -11% to lead losers in the S&P 500 after forecasting full-year capital spending of $70 billion, $20-25 billion higher than expected due to prepayment for some components.  Also, Adobe Systems (ADBE) is down more than -5% to lead losers in the Nasdaq 100, and Salesforce (CRM) is down more than -3% to lead losers in the Dow Jones Industrials.  In addition, ServiceNow (NOW), Atlassian Corp (TEAM), Autodesk (ADSK), Intuit (INTU), and Workday (WDAY) are down more than -3%, and Microsoft (MSFT) is down more than -2%.

Navan (NAVN) is up more than +12% after raising its full-year revenue forecast to $907 million-$913 million from a previous estimate of $866 million-$874 million, well above the consensus of $871.7 million.

Voyager Technologies (VOYG) is up more than +11% after BTIG initiated coverage on the stock with a buy recommendation and a price target of $55.

Allegion Plc (ALLE) is up more than +1% after Longbow Research upgraded the stock to buy from neutral with a price target of $165.

Eaton Corp Plc (ETN) is up more than +1% after agreeing to merge its mobility business with Dana Inc in a deal valuing the combined company at roughly $10 billion, including debt.

PDD Holdings (PDD) is down more than -2% after China’s State Administration for Market Regulation summoned the country’s leading e-commerce companies over misleading promotions and false advertising.

Earnings Reports(6/11/2026)

Adobe Inc (ADBE), Lennar Corp (LEN), RH (RH). On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.

More news from Barchart

Stocks Climb Before the Open on U.S.-Iran Peace Hopes, PPI Data in FocusNasdaq Futures Plunge as Tech Selloff Deepens, U.S. Inflation Data in FocusStocks Set to Extend Rebound Amid AI Dip-BuyingStock Index Futures Climb as Tech Stocks Rebound, U.S. Inflation Data and SpaceX IPO Awaited

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

The S&P 500 Index ($SPX) (SPY) today is up +0.20%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.43%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.53%.  June E-mini S&P futures (ESM26) are up +0.29%, and June E-mini Nasdaq futures (NQM26) are up +0.60%.

Stock indexes are moving higher today, as chipmakers and other AI-related stocks climb to lift the broader market and recover some of Wednesday’s sharp losses.  However, software stocks are on the defensive today, led by a -10% slump in Oracle after it reported higher-than-expected capital expenses, driven by increased data spending.Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.

Stocks are being undercut as crude oil prices erased early losses and whipsawed higher on concerns about the escalation of Middle East hostilities after President Trump said the US will be hitting Iran very hard tonight and will "at some point" take control of Kharg Island, Iran's key export hub, thus taking control of Iran's oil and gas markets.

Stocks were also pressured by today’s US economic reports, which showed that weekly US jobless claims unexpectedly rose to a 4-month high and that May producer prices were mixed.

Late Wednesday, President Trump said the US will continue bombing Iran if it refuses to agree to an interim peace deal.  Mr. Trump ordered multiple strikes on Iranian targets on Wednesday, and Iran retaliated by firing on US bases in Kuwait, Bahrain, and Jordan.  The increase in tensions risks derailing peace talks between Iran and the US, thus keeping the Strait of Hormuz closed, and further tightening global energy supplies.

US weekly initial unemployment claims unexpectedly rose +4,000 to a 4-month high of 229,000, showing a weaker labor market than expectations of a decline to 220,000.

US May PPI final demand rose +1.1% m/m and +6.5% y/y, stronger than expectations of +0.7% m/m and +6.4% y/y, with the +6.5% y/y gain being the largest year-on-year increase in 3.5 years.  However, May PI ex food and energy rose +0.4% m/m and +4.9% y/y, weaker than expectations of +0.5% m/m and +5.4% y/y.

WTI crude oil prices (CLN26) are extremely volatile, whipsawing higher and lower several times today.  Crude prices today initially gave up an overnight advance of more than +2% and fell more than -1% as concerns over the escalation of the US-Iran conflict eased after the US ended strikes against Iran.  However, prices then rallied more than +1% again when President Trump said the US would keep attacking Iran and threatened to seize the Kharg Island oil terminal, Iran’s main crude exporting hub.

The markets are discounting a 3% chance of a +25 bp rate hike at the next FOMC meeting on June 16-17.

Overseas stock markets are mixed today.  The Euro Stoxx 50 is up +0.41%.  China's Shanghai Composite closed down -0.16%.  Japan's Nikkei Stock Average recovered from a 2.5-week low and closed up +0.06%.

Interest Rates

September 10-year T-notes (ZNU6) today are up +4 ticks, and the 10-year T-note yield is down -2.2 bp to 4.530%.  T-notes are moving higher today after US weekly jobless claims unexpectedly rose to a 4-month high and May producer prices ex-food and energy rose less than expected, dovish factors for Fed policy.

Gains in T-notes are limited after crude oil prices whipsawed higher after President Trump said the US will keep on attacking Iran and threatened to seize Kharg Island, Iran’s main crude exporting hub.  Also, supply pressures are negative for T-notes, as the Treasury will auction $22 billion of 30-year T-bonds later today.

European government bond yields are moving lower today.  The 10-year German Bund yield fell from a 2.5-week high of 3.091% and is down -2.8 bp to 3.048%.  The 10-year UK gilt yield is down -1.2 bp to 4.919%.

The ECB, as expected, raised the deposit facility rate by +25 bp to 2.25% from 2.00% and said, "The outlook remains uncertain, with upside risks for inflation and downside risks for economic growth."

The ECB cut its 2026 Eurozone GDP estimate to +0.8% from a previous estimate of +0.9%, and raised its 2026 Eurozone inflation ex-food and energy forecast to +2.5% from a previous forecast of +2.3%.

Swaps are discounting a 70% chance of a +25 bp ECB rate hike at its next policy meeting on July 23.

US Stock Movers

Chipmakers and AI-infrastructure stocks are moving higher today on signs that AI spending is continuing after Oracle reported quarterly capital expenditures that were higher than expected, driven by increased data center spending.  Intel (INTC) is up more than +8% to lead gainers in the S&P 500 and Nasdaq 100, and Applied Materials (AMAT) and Lam Research (LRCX) are up more than +6%.  Also, KLA Corp (KLAC) and Sandisk (SNDK) are up more than +4%, and ARM Holdings Plc (ARM), ASML Holding NV (ASML), and Marvell Technology (MRVL) are up more than +3%.  In addition, Advanced Micro Devices (AMD) and Microchip Technology (MCHP) are up more than +2%.

Software stocks are under pressure today, limiting gains in the overall market, with Oracle (ORCL) down more than -10% to lead losers in the S&P 500 after forecasting full-year capital spending of $70 billion, $20-25 billion higher than expected due to prepayment for some components.  Also, Atlassian Corp (TEAM) and ServiceNow (NOW) are down more than -3%.  Salesforce (CRM) is down more than -2% to lead losers in the Dow Jones Industrials.  In addition, Adobe Systems (ADBE) and Workday (WDAY) are down more than -2%, and Microsoft (MSFT), Intuit (INTU), and Autodesk (ADSK) are down more than -1%.

Navan (NAVN) is up more than +16% after raising its full-year revenue forecast to $907 million-$913 million from a previous estimate of $866 million-$874 million, well above the consensus of $871.7 million.

Voyager Technologies (VOYG) is up more than +10% after BTIG initiated coverage on the stock with a buy recommendation and a price target of $55.

Allegion Plc (ALLE) is up more than +2% after Longbow Research upgraded the stock to buy from neutral with a price target of $165.

Eaton Corp Plc (ETN) is up more than +1% after agreeing to merge its mobility business with Dana Inc in a deal valuing the combined company at roughly $10 billion, including debt.

PDD Holdings (PDD) is down more than -3% to lead losses in the Nasdaq 100 after China’s State Administration for Market Regulation summoned the country’s leading e-commerce companies over misleading promotions and false advertising.

Earnings Reports(6/11/2026)

Adobe Inc (ADBE), Lennar Corp (LEN), RH (RH). On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.

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Investors may be wondering whether Autodesk at around US$224 per share is starting to look attractive again, or whether recent weakness is a warning sign that deserves attention. The stock has fallen about 5.3% over the past week, 8.4% over the past month, and is down 21.8% year to date and 24.7% over the last year, even though the 3 year return sits at 5.1% and the 5 year return shows a decline of 19.0%. Recent coverage has focused on how Autodesk fits into long term themes in software and design tools, with analysts and commentators revisiting assumptions around growth durability and competitive positioning. At the same time, investors are reassessing what they are willing to pay for software stocks more broadly, which helps explain the pressure on the share price. Autodesk currently holds a valuation score of 3/6. The rest of this article explains what that means across different valuation methods, and concludes with a framework that can help you judge whether the current price fits your own view of value.

Find out why Autodesk's -24.7% return over the last year is lagging behind its peers.

Approach 1: Autodesk Discounted Cash Flow (DCF) Analysis

A Discounted Cash Flow, or DCF, model estimates what a stock could be worth by projecting the company's future cash flows and discounting them back to today's value. It is essentially asking what all those future dollars are worth in current terms.

For Autodesk, the model uses a 2 Stage Free Cash Flow to Equity approach. The company's last twelve months Free Cash Flow is about $2.68b. Analyst projections and subsequent extrapolations by Simply Wall St point to Free Cash Flow of $4.79b in 2031, with intermediate years such as 2026 and 2030 sitting in the $2.28b and $4.24b ranges respectively. These projected cash flows, all in $, are discounted to today using a required rate of return to arrive at an estimated intrinsic value per share of about $380.

Compared with the recent share price around $224, this DCF output suggests Autodesk trades at roughly a 41.0% discount to that intrinsic value. This indicates that the stock screens as materially undervalued based on this model alone.

Result: UNDERVALUED

Our Discounted Cash Flow (DCF) analysis suggests Autodesk is undervalued by 41.0%. Track this in your watchlist or portfolio, or discover 46 more high quality undervalued stocks.ADSK Discounted Cash Flow as at Jun 2026

Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for Autodesk.

Story Continues

Approach 2: Autodesk Price vs Earnings

For profitable companies like Autodesk, the P/E ratio is a useful way to think about value because it links what you pay directly to the earnings the business is already generating. In general, higher growth expectations and lower perceived risk can justify a higher P/E, while slower growth and higher risk tend to support a lower, more conservative multiple.

Autodesk currently trades on a P/E of 32.34x. That sits above the Software industry average of about 27.30x and also above the peer group average of 28.89x, which may initially make the stock look relatively expensive if you only compare those simple benchmarks.

Simply Wall St's Fair Ratio for Autodesk is 31.91x. This is a proprietary estimate of what the P/E might be based on factors such as Autodesk's earnings growth profile, profit margins, industry, market cap and company specific risks. Because it blends these drivers into one figure, the Fair Ratio can offer a more tailored reference point than a broad industry or peer average.

Comparing Autodesk's actual P/E of 32.34x with the Fair Ratio of 31.91x gives a very small gap, so the stock screens as about in line with this metric.

Result: ABOUT RIGHTNasdaqGS:ADSK P/E Ratio as at Jun 2026

P/E ratios tell one story, but what if the real opportunity lies elsewhere? Start investing in legacies, not executives. Discover our 20 top founder-led companies.

Upgrade Your Decision Making: Choose your Autodesk Narrative

Earlier it was mentioned that there is an even better way to understand valuation, so this is where Narratives come in. Narratives give you a simple story for Autodesk that sits behind your numbers on fair value, future revenue, earnings and margins, and tie that story directly to a forecast and a fair value that you can compare with the current share price.

On Simply Wall St's Community page, Narratives are an accessible tool used by millions of investors. They link a company's story, the financial model and the fair value in one place, update automatically when new information such as news or earnings is added, and help you decide whether the gap between Fair Value and Price looks wide enough to consider buying, trimming or holding.

For Autodesk, one investor might lean toward the higher fair value of about $413.07 that aligns with more optimistic assumptions on revenue, earnings and a future P/E of 42.28x. Another might favor the lower fair value of about $262.20 that reflects more cautious views and a future P/E of 29.13x. Narratives allow both perspectives to sit side by side so you can see which story feels closer to your own.

Do you think there's more to the story for Autodesk? Head over to our Community to see what others are saying!NasdaqGS:ADSK 1-Year Stock Price Chart

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include ADSK.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

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Mit einer kleinen Anteilsausstattung von 2,81 % gehört Autodesk, Inc. (NASDAQ:ADSK) zu den 7 besten 3D-Druck-Aktien für Aerospace-Komponenten. Autodesk, Inc. (NASDAQ:ADSK) hat eine strategische Zusammenarbeit mit Amazon Web Services am 3. Juni angekündigt, um cloud-basierte Design- und Ingenieurslösungen für Unternehmen zu fördern. Unter dem Abkommen werden Autodesk-Produkte ab dem zweiten Quartal des Geschäftsjahres von Autodesk über AWS Marketplace bereitgestellt, was eine vereinfachte Beschaffung, eine effizientere Rechnungsstellung und eine breitere Zugänglichkeit für Kunden ermöglicht. Die Partnerschaft konzentriert sich auch auf die Integration der AWS-Cloud- und AI-Fähigkeiten in das Autodesk-Plattform, um Design-, Bau- und Betriebsabläufe in verschiedenen Branchen zu verbessern.

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Wir haben einen bullischen Thesis auf r/ValueInvesting von Far-East-locker gefunden. In diesem Artikel werden wir die Bullen-Thesis für ADSK zusammenfassen. Der Aktienkurs von Autodesk, Inc. lag am 28. Mai bei $240,95. Die Verhältnisse von ADSK (Trailing- und Forward-P/E) betrugen 45,32 bzw. 19,01 nach Yahoo Finance. Figma Inc. (FIG) stieg um 6,8% aufgrund der Integration mit ChatGPT...

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Autodesk (ADSK) zieht frische Aufmerksamkeit auf sich, nachdem das Unternehmen eine Zusammenarbeit mit Amazon Web Services unterzeichnet hat, um wichtige Cloud-Produkte in AWS-Marktplatz zu bringen und seine jährliche finanzielle Prognose angehoben hat. Trotz des neuen AWS-Abkommens und der erhöhten jährlichen Prognose ist das Aktienpreis von Autodesk unter Druck, mit einem Rückgang um etwa 7% auf einer 30-Tage-Basis und seinem letzten Schluss bei US$229,60. Der 1-Jahres-Gesamtaktienrendite liegt bei etwa 23%, während die 3-Jahres-Gesamtaktienrendite noch positiv ist, was darauf hindeutet, dass langfristige Inhaber trotz kürzlicher Schwäche Gewinne erzielt haben. Wenn der jüngste Cloud-Fokus von Autodesk Ihre Aufmerksamkeit auf sich zieht, könnte dies ein gutes Moment sein, um Ihr Tech-Beobachtungsliste zu erweitern und 48 AI-Infrastruktur-Aktien zu überprüfen.