Stock Market Today: Dow Rises After Trump Iran Reversal, Hot PPI And Oracle Slide

U.S. stocks closed sharply higher on June 11 after a late-session shift in geopolitical risk helped push the major indexes to solid gains.

President Donald Trump said he was canceling planned strikes on Iran, a move that eased immediate concern about oil supplies and wider fallout from rising Middle East tensions. The change in tone helped lift the market after a day that had already featured hotter-than-expected inflation data and a sharp selloff in Oracle shares.

The Dow Jones Industrial Average rose 929.97 points, or 1.9%. The S&P 500 gained 1.8%, and the Nasdaq composite climbed 2.5%.

Trump’s Iran reversal changed the tone late in the day

The late rally came after investors digested Trump’s comments that he was backing away from planned strikes on Iran. Market coverage and AP’s close-of-day report said the shift helped reduce fears that conflict could threaten oil flows and add another layer of inflation pressure.

Trump also said a diplomatic deal was close, but the claim remained disputed. Iranian sources said no final decision had been approved, leaving the core geopolitical question unresolved even as traders reacted to the softer U.S. tone.

That uncertainty matters because energy prices can feed directly into inflation expectations. For a market already sensitive to interest-rate policy, lower immediate oil-supply risk helped the rally broaden into the close.

Hot inflation data still pressured rate-cut hopes

The day began with a different concern: a hotter-than-expected May producer-price report. Investors used the reading as another reminder that inflation is still proving sticky and that the Federal Reserve may face a more difficult path in deciding when to cut rates.

The wholesale inflation data helped keep bond yields in focus earlier in the session. Even as equities moved higher by the close, the report left traders with a less comfortable backdrop for rate-sensitive parts of the market.

That tension is central to the current market setup. Geopolitical relief can help stocks, but persistent inflation data can quickly pull expectations back toward tighter policy for longer.

Oracle’s selloff kept AI spending under scrutiny

Oracle was one of the market’s most closely watched individual stocks, and not because its results disappointed. The company reported fiscal fourth-quarter revenue of about $19.18 billion and adjusted earnings of $2.11 a share, both above analyst expectations.

Even so, the stock fell sharply as investors focused on the scale of Oracle’s AI buildout and the funding needed to support it. Reporting cited roughly $70 billion in fiscal 2027 capital spending, along with additional cash outlays tied to prepayments and customer impacts.

Oracle also said its remaining performance obligations reached $638 billion and reaffirmed its fiscal 2027 revenue target of $90 billion. But that was not enough to calm concerns about financing plans, including debt and equity issuance, or the pressure heavy spending could place on future free cash flow.

The stock’s move turned Oracle into a broader test case for how much Wall Street is willing to tolerate in AI infrastructure spending, especially when financing demands are rising alongside those ambitions.

What investors are watching next

The key question for the broader market is whether Thursday’s rally holds into the next session or fades once the latest geopolitical headlines are digested.

Traders will also be watching for follow-up reporting on Trump’s Iran comments and any official confirmation or denial from U.S. or Iranian authorities. The market reaction could shift again if the diplomatic claims are clarified or contradicted.

Inflation remains another immediate focus. Investors are likely to keep parsing the May PPI reading to judge whether it was an isolated hot print or part of a broader pattern that could complicate the Fed’s next move.

Oracle will remain in view as analysts and investors continue to assess whether the company’s AI spending, cash needs and financing plans can support its growth targets without further pressuring the stock.