US Equities Trim Rebound

2026-06-08 17:24 By Andre Joaquim 1 min. read

US equities trimmed earlier gains to trade mixed on Monday as the muted momentum in most sectors was offset by a fresh rally for chip producers.

The S&P 500 gained 0.5% while the Nasdaq 100 jumped 1.7%.

Iran stated it ended its military operation in Israel and Tel Aviv signaled it paused attacks on Iran, driving energy prices and bond yields to ease from session peaks.

The improvement in demand for risk was aligned with bullish signals on chip production by Nvidia CEO Huang, driving markets to pivot back to speculative AI infrastructure companies following their selloff last week.

Nvidia added 1.5% while Micron, Intel, and Applied Materials surged 10%.

In turn, the Dow edged below the flatline on lingering concerns of high interest rates.

AbbVie, Microsoft, and Visa dropped around 2%.

Inflation data due later this week is expected to confirm accelerating prices in an economy that has posted strong jobs growth, consolidating bets of a rate hike by the Fed this year.



News Stream
The Dow Jones Index Closes 0.16% Lower
The Dow Jones Index decreased 81 points or 0.16 percent on Monday to close at 50786 points. The decline was led by Travelers Companies (-2.16%), Apple (-1.95%) and Sherwin-Williams (-1.87%). On the upside, the strongest performers were Cisco Systems (1.99%), Nvidia (1.71%) and UnitedHealth (1.69%).
2026-06-08
S&P and Nasdaq Climb on Strength in Chip Stocks
The Nasdaq rose 0.9% and the S&P 500 gained 0.3% on Monday, supported by a rebound in chip stocks after sharp losses in previous session and renewed optimism surrounding AI. Investor sentiment was also boosted after reports indicated that Iran and Israel had halted their exchanges of strikes, while President Trump said negotiations were continuing despite the attacks. As a result, oil prices gave back most of their earlier gains. Among semiconductor stocks, Nvidia advanced 1.7%, Broadcom climbed 2.8%, AMD surged 5.1%, and Micron Technology jumped 9.9%. Tesla also posted a strong gain, rising 4.6%. In contrast, the Dow Jones fell by 81 points. Apple declined 1.9% after its next-generation AI platform failed to impress investors. Microsoft and Visa also underperformed, each losing 1.2%.
2026-06-08
US Equities Trim Rebound
US equities trimmed earlier gains to trade mixed on Monday as the muted momentum in most sectors was offset by a fresh rally for chip producers. The S&P 500 gained 0.5% while the Nasdaq 100 jumped 1.7%. Iran stated it ended its military operation in Israel and Tel Aviv signaled it paused attacks on Iran, driving energy prices and bond yields to ease from session peaks. The improvement in demand for risk was aligned with bullish signals on chip production by Nvidia CEO Huang, driving markets to pivot back to speculative AI infrastructure companies following their selloff last week. Nvidia added 1.5% while Micron, Intel, and Applied Materials surged 10%. In turn, the Dow edged below the flatline on lingering concerns of high interest rates. AbbVie, Microsoft, and Visa dropped around 2%. Inflation data due later this week is expected to confirm accelerating prices in an economy that has posted strong jobs growth, consolidating bets of a rate hike by the Fed this year.
2026-06-08