US Stocks Rebound, Iran-Israel Halt Attacks
Analysis based on 14 articles · First reported Jun 08, 2026 · Last updated Jun 08, 2026
US stocks ended mostly higher, with the Nasdaq Composite and chipmakers leading gains due to bargain hunting after a sharp selloff. Relief over de-escalating tensions between Iran and Israel also boosted sentiment. The S&P 500 technology sector and Philadelphia SE Semiconductor Index advanced, while the Dow Jones Industrial Average ended lower. Intel shares jumped on a reported order from Alphabet Inc.'s Google, while Apple Inc. shares eased despite AI upgrades. Eli Lilly and Company gained on positive drug trial results, and Marvell Technology rose ahead of its inclusion in the S&P 500. The upcoming SpaceX IPO is also a point of market attention.
US stocks experienced a mixed but generally positive day on Monday, June 8, with the Nasdaq Composite and chipmakers leading gains as investors engaged in bargain hunting following a sharp selloff on Friday. A significant factor contributing to market relief was the halt in attacks between Iran and Israel, which followed an appeal from Donald Trump. The S&P 500 technology sector and the Philadelphia SE Semiconductor Index saw notable advances, rebounding from previous losses. Intel shares surged after news of Alphabet Inc.'s Google placing a large order for tensor processing units. In contrast, Apple Inc. shares declined despite the company unveiling AI upgrades to Siri at its Worldwide Developers Conference, possibly due to a 'sell-on-the-news' reaction. Broadcom also saw gains. Marvell Technology jumped as it is set to join the S&P 500. Eli Lilly and Company advanced after positive trial results for its obesity drug, retatrutide. The Dow Jones Industrial Average, however, ended lower. The market also noted the upcoming initial public offering of SpaceX as a potential test for US stock markets.
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