US stocks fell sharply across the board on June 14 as rising geopolitical tensions in the Middle East rattled investor confidence, triggering a broad market selloff.
The Dow Jones Industrial Average dropped 1.8%, while the S&P 500 slipped more than 1% and the Nasdaq Composite declined 1.3%. The losses followed Iran’s missile strikes on Israel, a retaliation to Israeli attacks on Tehran’s nuclear infrastructure, sparking renewed fears of a prolonged regional conflict.
Airline stocks led the declines, as investors worried about surging jet fuel prices amid the growing instability in the oil-rich region. Meanwhile, defence contractors gained, with Lockheed Martin and Northrop Grumman both advancing as traders bet on increased military spending.
Among individual movers, Adobe shares plunged over 5% despite the company raising its annual revenue forecast. Analysts pointed to investor disappointment over the slower-than-expected adoption of artificial intelligence (AI) tools, which overshadowed otherwise strong financial guidance.
In contrast, Oracle shares soared 7.5% to a record high, extending a two-day rally that has seen the stock surge over 21%. The gains followed a bullish outlook from the tech giant, fuelled by growing demand for its AI-driven cloud services.
The selloff on June 14 capped a volatile week marked by geopolitical risks, tech sector divergence and heightened investor sensitivity to global shocks.
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