US Equities Bounce Back
2026-06-08 13:39
By
Andre Joaquim
1 min. read
US equities rose on Monday on signs of a cautious de-escalation in the Middle East and a halt to the selloff for chip producers.
The S&P 500 gained 1%, the Nasdaq 100 gained 2.5%, while the Dow was 0.5% higher.
Iran stated it had ended its military operation in Israel following strikes over the weekend and President Trump signaled optimism in progress over a deal with Iran, easing concerns that escalation would have broken ongoing negotiations to end the conflict.
Energy prices and Treasury yields pared their rebound to support equities.
Meanwhile, speculative positions on the AI economy returned as after Broadcom's earnings ignited a selloff in chip producers last week.
Nvidia gained 2% while Micron and Marvell jumped over 4% each, with the latter set to join the S&P 500 later this month.
AI infrastructure and datacenter investment will be tested yet again on Wednesday evening with Oracle's earnings.
Its shares were 2% higher.