Public Markets 3 Hours

Last updated: June 9, 2026, 8:30 PM ET

U.S. Politics & Market Sentiment Trump‑backed Republican clinches primary as Steve Hilton secured second place in California’s gubernatorial contest, setting a face‑off with Democrat Xavier Becerra and eliminating fellow Democrat Tom Steyer. The outcome arrived alongside the White House’s latest retaliation against Iran, prompting traders to reassess risk exposure ahead of the weekend.

Energy & Commodities Oil spikes on supply fears as fresh U.S. strikes on Iran after a downed helicopter reignited concerns over Middle‑East flow disruptions, lifting Brent crude above $85 a barrel. A second report noted that the same strikes helped oil “rebound” in early Asian trade, reinforcing the upward move oil rebounds. Meanwhile, gold slides on conflict as the metal fell another 0.6% to $1,945 an ounce, reflecting investors’ flight to cash amid the fragile truce. The combined pressure pushed Asian equities lower and kept technology shares on the defensive stocks set to fall.

European Tech & Mining Outlook ASML hits record high driving the Dutch semiconductor‑equipment maker to a fresh all‑time peak, yet analysts flagged that the rally has done little to narrow the company’s historically low valuation relative to peers. Across the Atlantic, Brazil’s ambition to dominate rare‑earth production ran into a strained regulator battling budget cuts, raising doubts about the country’s timeline for new mine approvals Brazil rare‑earth clash.

Corporate Earnings & Strategic Shifts Casey’s reports profit lift as the convenience‑store chain posted a 7% rise in net income, buoyed by strong whole‑pizza sales and robust demand for non‑alcoholic beverages. In the automotive sector, GM announces battery push to develop large‑scale energy‑storage packs for utilities and data centers, a move aimed at offsetting slowing electric‑vehicle sales and diversifying revenue streams.

Other Notable Developments Florida firm negotiates Cuba fuel deal that could become the largest U.S. fuel shipment to the island since the 1950s, addressing Havana’s acute energy shortage. Separately, Air Canada pilot under investigation after authorities revealed the former captain had flown for 17 years without the required license, prompting a review of airline credentialing practices.