Stock market today: S&P 500, Nasdaq rise on chip stock rebound, Dow slips

Stock market today: S&P 500, Nasdaq rise on chip stock rebound, Dow slips Grace O'Donnell and Jake Conley Updated Mon, June 8, 2026 at 10:02 PM GMT+2 2 min read ^DJI ^IXIC ^GSPC NVDA US stocks rebounded on Monday, with tech stocks leading a modest bounce back from Friday's bruising session. Meanwhile, recent strikes between Iran and Israel put pressure on a fragile ceasefire in the Middle East while investors continued to reprice rate-hike bets and assess the AI trade. The Dow Jones Industrial Average ( ^DJI ) fell nearly 0.

2%. The benchmark S&P 500 ( ^GSPC ) rose roughly 0. 3%, and the tech-exposed Nasdaq Composite ( ^IXIC ) jumped 0.

9%. Markets began the week on a strong footing even after the Nasdaq Composite dropped 4% on Friday and the S&P 500 snapped its nine-week winning streak. A rotation out of high-flying semiconductor stocks and into more defensive areas of the market followed a blowout May jobs report that  strengthened the case for the Federal Reserve to raise interest rates  later this year.

The Nasdaq stepped into a rebound on Monday as Nvidia ( NVDA ) CEO Jensen Huang and others suggested the tech rout could be an opportunity to buy into the AI trade. Micron ( MU ) rallied 9% while Nvidia added 2%. Elsewhere, oil prices flared after Iran fired missiles at Israel for the first time since April, and Israel struck back despite President Trump's calls for both sides to stop fighting.

Brent futures ( BZ=F ) and West Texas Intermediate futures ( CL=F ) trimmed gains after Iran said its military operations against Israel are over. Investors will get a better sense of whether higher oil prices are starting to bleed into core prices on Wednesday with the release of the latest monthly Consumer Price Index. Other key events to watch this week include Oracle ( ORCL ) earnings on Wednesday and the likely SpaceX ( SPCX ) IPO on Friday, which is expected to be the largest public offering on record.

LIVE COVERAGE IS OVER 15 updates Mon, June 8, 2026 at 8:02 PM UTC Ines Ferré Dow slips, S&P 500 and Nasdaq rebound from recent sell-off US stocks rebounded on Monday with chip stocks gaining after Friday’s sharp sell-off. The Dow Jones Industrial Average ( ^DJI ) fell almost 0. 2% while the benchmark S&P 500 ( ^GSPC ) rose roughly 0.

3%. The tech-exposed Nasdaq Composite ( ^IXIC ) jumped 0. 9%, but trimmed earlier gains.

Stocks were in recovery mode on Monday, with chip stocks leading after a sharp sell-off on Friday, in which investors increased the odds that the Federal Reserve would have to hike rates this year to combat inflation and a hot labor market. Recent strikes between Iran and Israel put pressure on a fragile ceasefire, with oil prices gaining. Mon, June 8, 2026 at 7:01 PM UTC Ines Ferré Apple erases gains, shares drop amid muted response to AI features Apple's ( AAPL ) latest artificial intelligence push received a muted investor response on Monday, with shares sinking more than 1%.

The iPhone maker unveiled a revamped Siri assistant and next-generation Apple Intelligence platform at its Worldwide Developers Conference (WWDC). Shares initially rose more than 3% during the presentation before reversing course, reflecting concerns that many of the announced features may take time to reach consumers with the new Siri to be released as a Beta test this fall. The updated Apple Intelligence platform, which incorporates technology from Google's AI ecosystem, is designed to make Siri more conversational and capable of performing tasks across apps and devices.

Apple executives described the new assistant as significantly more intelligent and useful than previous versions. Mon, June 8, 2026 at 6:30 PM UTC Jake Conley BofA: 'Too many red flags' in the market should tell investors to take profit A growing number of "bear market signposts" are signaling that the market could be approaching a top and that investors should take profits now before a pullback, according to Bank of America. Of the bank's 10 bear-market signposts, five had triggered by April, strategists led by Savita Subramanian wrote in a recent client note.

In May, two more of those indicators flashed red. First, high price-to-earnings ratio (P/E) stocks lead low P/E stocks by a wide margin, "a sign of excessive speculation. " Second, "lofty long-term growth expectations" have breached levels consistent with equities being "more vulnerable to disappointment.

" While the S&P 500 ( ^GSPC ) has returned 8% on the year, the benchmark index is "statistically expensive on 17 of 20 metrics, and trades rich versus its tech bubble metrics on eight," the strategists wrote. Performance dispersion within tech has widened to the largest margin since 2000, per Bank of America · Bank of America Global Research In the tech sector, which dominates the S&P 500 in terms of market value, strategists have seen the widest dispersion, with the spread between the best- and worst-performing quintiles' median stock at its widest since February 2000. Tech sector fundamentals are largely healthier than they were before the pop of the dot-com bubble, but many of those measures are getting worse, the strategists noted.

Cash flow conversion has flat-lined, and investment-grade credit and equity supply have increased. Buybacks as a percentage of market cap have slowed, and capex as a percentage of operating cash flow for hyperscalers is expected to reach near 100% by the end of the year. "Extreme price action may signal rising instability," the strategists wrote.

Mon, June 8, 2026 at 6:09 PM UTC Jared Blikre Marvell's S&P 500 bump may already be mostly baked in Marvell Technology ( MRVL ) is jumping by more than 10% after getting invited into the S&P 500 ( ^GSPC ). That kind of move makes sense. Index funds that track the S&P 500 have to buy new members, and traders often try to get ahead of that demand.

But history says the cleanest part of the trade usually comes before the stock officially joins. After analyzing 1,926 S&P 500 additions going back to 1957, Yahoo Finance found that stocks tended to outperform before joining the index, then fall behind the market after they got in. Median return over the market for scheduled S&P 500 additions, 25 trading days before entry · Norgate, S&P Dow Jones Indices, Yahoo Finance analysis For regular quarterly additions like Marvell's, the median stock beat the S&P 500 by 3.

3% in the 25 trading days before joining. Marvell is nine trading days away from inclusion, and that point on the chart shows that the move is typically over. Read the full analysis here.

Mon, June 8, 2026 at 6:01 PM UTC Grace O'Donnell Tesla stock pops 5% ahead of SpaceX IPO Tesla ( TSLA ) stock climbed by as much as 5% and was the top performer among the “Magnificent Seven” Big Tech stocks on Monday amid a broader tech recovery and as anticipation built around the IPO of another Elon Musk company, SpaceX ( SPAX. PVT ). Rumors have been swirling that Musk may merge Tesla and SpaceX into one entity following the satellite company’s public debut, which is expected to occur on Friday.

That IPO is expected to be the largest on record and, if successful, could cement Musk’s reputation as a driver of strong returns for his companies’ investors. The stock was also supported by an upgrade from JPMorgan on Friday. The firm changed its rating to Neutral from Underweight and lifted its price target on Tesla stock to $475 i Mon, June 8, 2026 at 4:48 PM UTC Ines Ferré Apple shares climb ahead of WWDC kick-off Apple ( AAPL ) shares rose nearly 2% on Monday as the broader market rebound and the company was set to kick off its Worldwide Developers Conference (WWDC).

The main keynote address starts at 10:00 a. m. on the West Coast, or 1:00 p.

m. ET. The stock gained momentum throughout the session as investors anticipated the debut of "Apple Intelligence” and its AI-infused version of Siri.

Apple shares are up 15% year-to-date. Mon, June 8, 2026 at 4:04 PM UTC Grace O'Donnell Bitcoin rebounds as analyst says token 'may offer some diversification' in AI-driven market Bitcoin ( BTC-USD ) rebounded nearly 3% on Monday to hover above $63,000 as the overall market rose following last Friday's steep sell-off. Yahoo Finance’s Ines Ferré reports: The world's largest cryptocurrency was recovering from sharp losses incurred last week, when the token fell below $60,000, more than 50% below its October all-time high.

Over the past month, bitcoin has tumbled roughly 20%, with year-to-date losses exceeding 27%. Bernstein analysts noted that bitcoin has seen significant weekly outflows from ETFs in the last four weeks. Furthermore, bitcoin inflows from treasury companies and ETFs year to date stand at around $12 billion, versus $60 billion last year.

But Bernstein's Gautam Chhugani and his team pointed out that bitcoin tends to be cyclical, writing that the lower inflows don't affect their long-term thesis that the token can be a store of value , or retain its worth over time. Read more here. Mon, June 8, 2026 at 2:48 PM UTC Jake Conley Intel stock surges on reports of Google purchase order for 3 million AI chips Intel ( INTC ) stock rallied by more than 11% after The Information reported that Google ( GOOG ) had asked Intel to manufacture 3 million of its in-house Tensor Processing Unit (TPU) chips.

The boon for Intel comes as Taiwan Semiconductor Manufacturing Company ( TSM ), the global leader for chip manufacturing, has been struggling to keep up with chip demand. The demand has created openings for rivals like Intel, which are seeking orders from companies such as Google. Google is expected to produce more than 6 million TPUs through 2027 and 2028, according to Morgan Stanley, in a signal of potential business for Intel.

Nvidia ( NVDA ), the global chip leader, hasn't yet placed orders with Intel but has been testing whether Intel's technology could be used to manufacture its next series of GPUs, The Information reported. Nvidia is Taiwan Semiconductor's largest customer, according to statements from CEO Jensen Huang. Mon, June 8, 2026 at 2:36 PM UTC Grace O'Donnell Why the strength of the recent rally may not amount to a stock market mania The stock market has been on a tear, leading many investors to wonder if it's all just one artificial intelligence-fueled bubble waiting to pop.

But there are reasons to think the stock market hasn’t yet hit the extremes of previous bubbles. Yahoo Finance’s Brian Sozzi reports: The run-up in the market in recent months has been breathtaking to say the very least. Prior to Friday's steep pullback, the S&P 500 ( ^GSPC ) had surged by 15% during the prior two months, a 99th percentile return relative to history dating back to 1980, according to new research from Goldman Sachs analyst Ben Snider.

"The strength of the recent rally alongside persistently strong AI momentum has generated a wave of client concern that stocks have moved ‘too far, too fast’ and are likely reflecting an unsustainable degree of investor euphoria," Snider wrote. Snider offered three charts that suggest that while the trading activity is feverish, it isn't a mania destined to end badly for the bulls. First, the number of initial public offerings (IPOs) remains below average and well below prior cycle peaks.

No mania seen in IPO activity. · Goldman Sachs Read more about the other two charts here , or read about why the market hasn’t yet reached peak FOMO . Mon, June 8, 2026 at 1:38 PM UTC Jake Conley US stock market opens higher The US stock market began trading on mixed footing on Monday after renewed military action in the Middle East put upward pressure on oil prices, and a sell-off in the semiconductor industry spooked the broader AI tech trade.

The Dow Jones Industrial Average ( ^DJI ) gained 0. 7% after turning red in premarket trading. The S&P 500 ( ^GSPC ) rose roughly 0.

9% as the tech-exposed Nasdaq Composite ( ^IXIC ) jumped as high as 1. 6% before pulling back to a gain of 1. 2%.

Investors will be looking for the market's strong start to herald a recovery on Monday from a sharp drop on Friday. An unexpectedly strong May jobs report saw markets move to fully price in a rate hike by the end of the year, sending equities tumbling to end last week. In the tech world, a drop of more than 8% overnight on the Korean Kospi Composite Index ( ^KS11 ), which is heavily indexed toward the semiconductor industry, followed a sell-off in the US tech space on Friday.

Oil prices pulled back to gains of a bit over 1%, respectively, on both international Brent crude ( BZ=F ) and US WTI crude ( CL=F ) after a flare-up in conflict between Israel and Iran — the first direct exchange of blows since early April — threatened already delicate ceasefire negotiations. Brent and WTI traded around $95 and $92 per barrel, respectively. Mon, June 8, 2026 at 1:11 PM UTC Jake Conley IMF director: World economy needs to build resilience to global shocks International Monetary Fund managing director Kristalina Georgieva said the world economy needs to build resiliency to a new reality of rolling global shocks.

"I am worried that we are not completely internalizing yet that this is how the world is going to be," Georgieva told Bloomberg. "We are not going to get to a place where shocks are gone. " The International Monetary Fund's mission is to promote global financial stability by lending money to countries facing economic crises, monitoring the world economy, and advising governments on economic policy.

The fund maintains a funding line of roughly $1 trillion. In an interview with Bloomberg, Georgieva cited the development of AI — and the way major governments handle its ascension — as a key risk facing the market, pointing to the "backlash" against the globalization movement of the post-war era. "We collectively, including the fund, did not appreciate the backlash against globalization that came from the fact that, yes, the world economy is doing better as a whole, but many communities were hollowed out because their jobs disappeared and there was not enough attention to them," Georgieva said.

The IMF will update its guidance for global growth in July after downgrading its growth projections in April on the back of the Iran war. Mon, June 8, 2026 at 12:39 PM UTC Grace O'Donnell Oil pares gains as Iran says it has ended latest wave of strike on Israel Oil prices crept back up on Monday morning after an exchange of fire between Israel and Iran on Sunday and Monday threatened to derail ongoing peace negotiations as the war hit its 100th day. Iran launched a new wave of strikes against Israel in retaliation for Israeli strikes on Lebanon, and Israel also struck back at Iran.

On Monday, Iran said it ended its latest volley of strikes as President Trump urged both sides to stop shooting after the biggest eruption in hostility in the region since April. Brent crude ( BZ=F ), the international benchmark, rose 1% to $94 a barrel. West Texas Intermediate ( CL=F ), the US benchmark, rose 1% to $91 a barrel.

Oil prices pared some steeper gains after President Trump spoke on the phone with Israeli Prime Minister Benjamin Netanyahu and after Trump said, “Israel and Iran must immediately stop ‘shooting. ’“ The president stated that efforts at diplomacy between Israel and Iran are “proceeding” and that peace talks “should move quickly,” even as the two sides appear far apart on key wedge issues. Mon, June 8, 2026 at 11:25 AM UTC Grace O'Donnell Marvell, Flex stocks jump on S&P 500 inclusion Marvell ( MRVL ) and Flex ( FLEX ) stocks rose on Monday morning after S&P Dow Jones Indices announced the two companies will join the S&P 500 index ( ^GSPC ), replacing The Campbell’s Company ( CPB ) and Pool Corp ( POOL ).

Shares of Marvell, a custom chip provider, jumped nearly 9% on the announcement, while Flex stock gained 4%. S&P 500 inclusion usually leads to a short-term bump in share prices, as it attracts more passive investors. Although Marvell shares pulled back sharply on Friday, falling 16%, the stock has been on an incredible run this year.

It’s up 210% since the start of 2026, and Marvell’s market cap has risen to $230 billion. Mon, June 8, 2026 at 11:01 AM UTC Karen Friar WWDC preview: Apple gets a second shot at its AI rollout Apple ( AAPL ) will host its annual Worldwide Developers Conference (WWDC) on Monday at its Cupertino, Calif. , headquarters.

Yahoo Finance’s Daniel Howley takes a look at what investors can expect: The event, Tim Cook's last as CEO of the company, will serve as a kind of reboot of Apple's AI strategy, which has lagged behind competing firms' efforts to date. The biggest news out of the show, which runs through June 12, will likely be the debut of Apple's long-delayed, AI-infused version of Siri. The digital assistant landed on iPhones with a good deal of fanfare in 2011 but has largely languished over the years.

Siri's deficiencies have become even clearer with the advent of generative AI models, chatbots, and, more recently, AI agents. Apple initially announced a revamped AI version of its helper in 2024, but ran into issues getting it out the door. Read more here .

Mon, June 8, 2026 at 10:19 AM UTC Karen Friar Nvidia's Huang says the sell-off in tech stocks is a buying opportunity Nvidia ( NVDA ) CEO Jensen Huang called a global tech stocks sell-off that began last week a buying opportunity, saying the buildout of artificial intelligence has just begun. From Bloomberg: South Korea's benchmark Kospi ( ^KS11 ) Index tumbled on Monday after investors pulled back from AI bets that have fueled a global bull market in equities. US tech shares tumbled Friday on concerns over a possible interest-rate hike.

Huang, responding to questions during a trip to Seoul about how that selloff should be perceived, said the industry was still in the early stages of constructing infrastructure that will serve as the foundation of an AI-fueled future. On Monday, Nvidia and SK Hynix ( 000660. KS ) said they struck a multi-year agreement to design future generations of memory chips for AI, a win for a South Korean leader vying with Samsung Electronics Co.

( 005930. KS ) in the red-hot arena. Stocks including SK Hynix pared losses after South Korean President Lee Jae Myung said Monday he believed the domestic market remained undervalued.

"We're at the beginning of it, and whatever happened to the stock market, you should be very happy because now you can buy at a discount," Huang said. "Everybody should be very excited," he told reporters after meeting with SK Group Chairman Chey Tae-won in Seoul. Read more here .