Stock market today: Dow jumps 850 points, Nasdaq rebounds after Broadcom outlook flop

June 5, 2026 - 01:45

US stock futures fell sharply on Tuesday as growing skepticism over President Trump's ability to broker an end to the conflict with Iran sent jitters through financial markets. The Dow Jones Industrial Average, which had surged 850 points in the previous session, faced renewed pressure as investors questioned the administration's diplomatic strategy in the Middle East.

The Nasdaq also struggled to hold onto its recent gains, reversing course after a brief rebound that followed a disappointing outlook from chipmaker Broadcom. That earlier recovery had lifted tech stocks, but the mood soured overnight amid reports of escalating tensions and no clear path to a ceasefire. Analysts noted that the uncertainty around Iran has overshadowed other market drivers, including corporate earnings and Federal Reserve policy.

Traders are now watching for any official statements from the White House or the State Department that might clarify the situation. Without a credible resolution in sight, many are bracing for more volatility. The broader market remains sensitive to geopolitical shocks, and the latest slide suggests that confidence in a quick diplomatic fix is fading fast.