Morning Preview: June 11, 2026

Early Look

Thursday, June 11, 2026

US stock futures climb after the U.S. struck Iran, setting up for a rebound from the market’s latest sell-off as investors weighed the latest moves in the conflict. The moves come President Trump told reporters that Iran would be hit “very hard” and would “pay the price” for stalled talks.  Stock markets tumbled on Wednesday after President Trump vowed more strikes on Iran and new inflation data showed the war is driving prices higher, with the S&P 500 and Nasdaq falling for the 3^rd time in 4 days. Meanwhile, after the close last night, Oracle (ORCL) reported earnings results that beat expectations, but the company’s stock sank on disappointing cloud sales. In Asian markets, The Nikkei Index rose 38 points to 64,217, the Shanghai Index fell -6 points to 3,987, and the Hang Seng Index fell -158 points to 24,249. In Europe, the German DAX is up 72 points to 24,267, while the FTSE 100 is up 91 points to 10,346. While futures bounce back with the S&P 500 up +0.7% this morning and Nasdaq futures up over 1%, attention turns to more inflation data with the producer price index (PPI) at 8:30 am et, the ECB central bank rate decision (a rate hike is expected) and then tonight expected pricing of Elon Musk’s SpaceX (SPCX), which is positioned to mark the biggest IPO in history. Precious metals slump further as gold falls further below its key technical moving averages on inflation and rate hike fears.

• The Dow Jones Industrial Average fell -953.33 points, or 1.87%, to 49,918.78
• The Nasdaq Composite tumbled -509.32 points, or 1.98%, to 25,169.50
• The Russell 2000 Index declined -31.56 points, or 1.10% to 2,835.46

• 8:30 AM ET                  Continuing Claims…est. 1.78M
• 8:30 AM ET                  Producer Price Index (CPI) Headline M/M for May…est. +0.7% (prior +1.4%)
• 8:30 AM ET                  Producer Price Index (CPI) Headline Y/Y for May…est. +6.4% (prior +6%)
• 8:30 AM ET                  Core PPI – Ex: Food & Energy M/M for May…est. +0.5% (prior +1.0%)
• 8:30 AM ET                  Core PPI – Ex: Food & Energy Y/Y for May…est. +5.4% (prior +5.2%)
• 10:30 AM ET                Weekly EIA Natural Gas Inventory Data
• 12:00 PM ET WASDE crop report for June
• 1:00 PM ET US Treasury to sell $25B in 30-year notes

• Earnings After the Close: ADBE LEN

• DA Davidson 2nd Annual Technology & Consumer Conference, 6/10-6/12, in Nashville, TN
• Oppenheimer 26th Annual Consumer Growth & E-Commerce Conference, 6/8-6/11
• Oppenheimer 24th Annual Semiconductor Bus Tour, 6/10-6/12
• RBC Capital Global Mining & Materials Conference, 6/11-6/12, in New York

• StitchFix (SFIX) Q3 EPS loss (-$0.01) vs. est. loss (-$0.05); Q3 revs rose 4.7% y/y to $340.3M vs. est. $333.6M; Q3 active clients of 2.309M, up 0.9% q/q but down -1.9% y/y; Q1 net revenue per active client of $578, an increase of 6.6% y/y while gross margin of 43.7%, fell -50bps y/y; sees Q4 revenue $322M-$327M, above consensus $323.7M; raises FY26 adj EBITDA view to $49M-$52M from $42M-$50M.
• Target Corporation (TGT) increases quarterly dividend by 1.8% to $1.16 per share.
• Shoe Carnival (SCVL) announced that it received shareholder approval to change its name to Shoe Station Group (SHOE). The name change will be effective June 12

• Grief Inc. (GEF) announces price increase for uncoated recycled paperboard, tube and core and protective packaging products; announces $60 per short Ton price increase for uncoated recycled paperboard; URB price increase effective for orders and shipments on and after July 6, 2026; announces minimum 6.5% price increase on tube, core and protective packaging products
• Tronox (TROX) upgraded to Hold from Sell at Truist with an unchanged price target of $7 saying current share levels appropriately balance the company’s potential near-term positives, namely improved TiO2 pricing dynamics and potential for share gains, with its significant downside risks from margin pressure and potential for demand stagnation or destruction.

• Annaly Capital (NLY) raises quarterly dividend to $0.75 from $0.70.
• Ant Groups’ international business is looking to raise $1B to accelerate growth – Bloomberg

• Molina Healthcare (MOH) subsidiary Molina Healthcare of Illinois awarded 4.5 year contract by Illinois Department Of Healthcare and Family Services, to begin January 1, 2027; terms not disclosed.

• Intel (INTC) double upgraded to Buy from underperform at Bank America and raised tgt to $135 on increased foundry visibility and citing higher confidence in Intel’s opportunity to help address industry constraints in leading edge wafers and packaging as well as supply into a much larger agentic CPU market.
• Navan Inc. (NAVN) Q1 adj EPS $0.09 vs. est. $0.01; Q1 revs $220M vs. est. $205.27M; sees Q2 revenue $219M-$221M, vs. est. $213.85M and raises FY27 revenue view to $907M-$913M from $866M-$874M (est. $871.71M); raises FY27 adj income from operations view to $76M-$80M from $58M-$62M.