At the close of June 9, the Tadawul All Shares Index(TASI.SA) increased by 1.3%, closing at 11115.37 points; the Parallel Market Capped Index (NomuC)(NOMUC.SA) up by 0.6%, closing at 22887.94 points.

U.S. stock futures fell early Wednesday after the U.S. launched “self-defense strikes” against Iran, in retaliation for the downing of a helicopter a day earlier.

S&P 500 index(SPX.US) futures and NASDAQ-100(NDX.US) futures shed 0.50% and 0.87%, respectively. Futures tied to the Dow Jones Industrial Average fell by 140 points, or 0.28%.

Oil prices ticked higher after the strike, and West Texas Intermediate crude futures were last up roughly 1%, trading around $89 a barrel.

Tensions in the Middle East ramped up again on Tuesday evening, after U.S. forces launched strikes against Iran “in response to yesterday’s downing of a U.S. Army Apache helicopter,” U.S. Central Command said. President Donald Trump had earlier accused Iran of shooting down the helicopter, which he said was patrolling over the Strait of Hormuz.

Iran has not directly claimed responsibility for shooting down the helicopter. However, this latest development threatens the fragile ceasefire between the U.S. and Iran, and could hinder progress toward a peace deal.

In regular trading Tuesday, chip stocks sold off again, dragging the S&P 500 index(SPX.US) and Nasdaq(NDAQ.US) Composite lower by 0.26% and 0.97%, respectively. On the other hand, the blue-chip Dow Jones Industrial Average(DJI.US) rose 86.10 points, or 0.17%.

Tuesday’s rout was an extension of last week’s pullback, which followed a rally driven by artificial intelligence.

“If we’re talking about the substance of what we’ve seen over the past few weeks, it’s really been concentrated in that memory, semiconductor area that’s lifted the market. It’s been the real force behind everything, and really it’s run so hard that it feels very toppy at this moment,” said Marta Norton, chief investment strategist for Empower Investments, on CNBC’s “Closing Bell: Overtime” on Tuesday afternoon.

“So, does this mean that there’s some sort of fundamental deterioration?” she added. “I’m not so sure about that, but certainly there seems to be stretched sentiment that we’re getting some sort of correction too.”

May’s consumer price index reading will be released at 8:30 a.m. ET on Wednesday morning. The Dow Jones consensus predicts the index will show inflation running at a 4.2% annual rate and an expected monthly gain of 0.5%. This would mark the first time the consumer price index, or CPI, has crossed the 4% threshold since May 2023. It would also be the highest reading since April of that year.

Saudi Arabia, Turkey Sign Two MoUs

Saudi Arabia and Turkey signed two memoranda of understanding on Tuesday to boost cooperation in logistics services and railway connectivity. The agreements aim to enhance bilateral transport infrastructure, expanding collaboration across road, air, maritime, and rail links. Saudi Minister of Transport Saleh Al-Jasser and his Turkish counterpart discussed ways to strengthen regional connectivity and trade flows.

CMA 2025 Revenue Drops 22%

The Capital Market Authority reported a 22% year-on-year decline in 2025 revenue to SAR 1.41 billion, down from SAR 1.81 billion, driven by a 31% drop in stock trading commissions to SAR 780 million. Actual expenses rose 18% to SAR 1.14 billion due to higher administrative and staff costs. Consequently, the annual surplus retreated 69% to SAR 262.7 million, marking its lowest level in six years.

KSA Stocks

SAL Saudi Logistics Signs Fly Khiva Pact

SAL Saudi Logistics Services Co.(4263.SA) signed a yearly renewable agreement with Fly Khiva Group LLC to provide comprehensive air cargo ground handling and ramp services. The contract has no fixed value, with payments structured on demand. The partnership is expected to positively impact SAL's financial results over the contract duration starting in 2026.

Budget Saudi App Hit by Cyber Incident

United International Transportation Co.(4260.SA) (Budget Saudi) detected a cybersecurity incident causing unauthorized access to a limited portion of customer data via its mobile app. The breach did not compromise any financial or banking information, causing zero financial or operational impact. Systems remain normal while technical assessments continue with relevant authorities.

Nofoth Food Approves 2026–2030 Strategy

Nofoth Food Products Co.(2288.SA) announced that its board of directors approved its strategic plan for 2026–2030 to achieve sustainable growth. The strategy includes launching at least 25 new products, expanding to 15 branches in Makkah and Madinah, and opening up to 20 regional branches. The financial impact is expected to appear gradually starting in 2026.

Nama Chemicals Fails to Post Q1 Results, Faces Suspension

Nama Chemicals Co.(2210.SA) announced that it remains unable to publish its Q1 financial results for the period ended March 31, 2026. The delay stems from uncompleted audit work for its 2025 annual financial results. Consequently, Tadawul trading suspension procedures will be applied, and the company will provide monthly updates on its progress.

USA Stocks

Apple Siri AI Debut Fails to Impress

Apple Inc.(AAPL.US) shares extended losses, falling nearly 4% following its Worldwide Developers Conference keynote where the company officially debuted Siri AI. Analysts noted investor disappointment stemmed from weak AI integration and missing launch timelines. Research firm LightShed Partners warned that uncompetitive features could prompt consumers to defect to rivals.

SpaceX Pulls Forward Orbital AI Timeline

SpaceX(SPCX.US) told IPO investors it pulled forward its orbital AI computing infrastructure demo to late 2027, beating its original 2028 timeline. Driven by this core growth project, the company's IPO has drawn intense institutional demand, achieving nearly four times over-subscription with major long-only funds placing individual orders of $10 billion or more.