Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTAmalya Dubrovsky , Karen Friar , Jake Conley and Ines FerréUpdated Wed, June 10, 2026 at 10:03 PM GMT+2 1 min readUS stocks moved sharply lower on Wednesday after consumer inflation soared to its highest level in three years and renewed US-Iran military clashes cast doubt on the odds for peace talks.The Nasdaq Composite (^IXIC) fell around 2%, and the Dow Jones Industrial Average (^DJI) slid by 1.9%, or around 950 points, as the market's recent tech-led sell-off deepened. The S&P 500 (^GSPC) dropped 1.6%.The focus on Wednesday was on