Nasdaq-100 Futures Climbed over 2% as Stocks Rallied. 6/11/26

Why It Matters

Geopolitical de‑escalation instantly boosted equities, especially chips, while rising inflation and a major IPO keep investors vigilant about risk and opportunity.

Key Takeaways

• Trump cancels Iran strikes, spurring >2% Nasdaq‑100 rally.
• Chip makers SanDisk, Micron, Intel, AMD surge double‑digit gains.
• PPI climbs 1.1% YoY, inflation hits 6.5% highest since 2022.
• Equity option volume remains high; ES puts near 70% of previous day.
• SpaceX IPO filing: 555 million shares at $135 each tomorrow.

Summary

The market surged on news that President Trump halted the next round of strikes in Iran, sending Nasdaq‑100 futures up more than 2% and lifting the S&P 500 and Dow by over 1.5% and 2% respectively. The geopolitical relief sparked a broad rally, with particular strength in semiconductor stocks that had been under pressure.

Chipmakers led the charge: SanDisk jumped about 14%, while Micron, Intel and AMD each rose roughly 10% or more. Meanwhile, the latest Producer Price Index showed a 1.1% month‑over‑month increase, pushing annual wholesale inflation to 6.5%, the highest level since November 2022. Claims rose modestly, and equity option activity stayed elevated, with ES put volume near 70% of the prior day’s levels and short‑term Russell flows remaining bullish.

Notable data points included 12,000‑plus contracts in today’s expiring ES 7,400 calls, and over 15,000 trades in tomorrow’s 7,450 calls. NQ’s 29,100 calls traded as low as $4.30. Bitcoin edged up toward $64,000 on thin volume, hinting at limited conviction. The market also focused on SpaceX’s upcoming IPO filing, which disclosed 555 million shares priced at $135 each.

The rally underscores how swiftly geopolitical headlines can reshape risk sentiment, reviving lagging sectors like chips while investors digest higher inflation readings. With a high‑profile IPO on the horizon and continued option‑market vigor, traders will watch for whether the momentum sustains or fades amid lingering macro uncertainties.

Original Description

Equity markets experienced a significant upward move as changing geopolitical news sparked a broad rally across sectors. The S&P 500 pushed higher by more than 1.5%, while the Nasdaq-100 advanced over 2%. This market move came despite a hot Producer Price Index report showing a 1.1% increase in May, which brought the 12-month wholesale inflation rate to 6.5%, its highest level since November 2022. Concurrently, weekly jobless claims rose to 229,000. In derivatives markets, equity option volume remained exceptionally robust, driven by heavy short-term contract volume. Meanwhile, Bitcoin followed the broader positive market sentiment, climbing back toward $64,000 on relatively low volume, which could suggest a lack of near-term conviction.

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