Traders at the New York Stock Exchange experienced a positive shift on June 8, 2026, as futures for the S&P 500 saw an early rise, boosted primarily by a rally in chip stocks. Futures associated with the broad market index were up approximately 0.43%, while Nasdaq 100 futures climbed 0.72%. The Dow Jones Industrial Average futures also registered an increase of 0.26%.
In the Asian markets, Japan’s Nikkei 225 surged by over 2%, closing the trading day at 65,416.63. South Korea’s Kospi made a significant rebound from a previous day’s decline, jumping 8.18% to settle at 8,096.93. Hong Kong’s Hang Seng Index marginally rose by 0.15%, while the mainland’s CSI 300 experienced an increase of 1.87%, reaching 4,801.81. Conversely, Australia’s benchmark S&P/ASX 200 showed a slight dip, down 0.24% to 8,604.20.
Chip stocks played a crucial role in propelling the S&P 500 higher during regular trading on Monday, resulting in a 0.3% uptick for the index. The tech-heavy Nasdaq Composite saw an impressive gain of 0.86%, with both indices clawing back some of the losses incurred during last week’s tech rout. In contrast, the blue-chip Dow experienced a decline, shedding 80.77 points or 0.16%.
Despite the momentum driven by the artificial intelligence and chip sectors, Brian Kersmanc, a portfolio manager at GQG Partners, expressed concerns regarding the sustainability of this trend. In an appearance on CNBC’s “Closing Bell: Overtime,” Kersmanc questioned how long the current surge could last. “What the issue is on a longer-term basis is sustainability,” he remarked, highlighting that many chip stocks are essentially commodities. He emphasized the implications of substantial price increases in this sector, drawing an analogy to energy prices, suggesting that such rapid increments would not sustain investor interest in the long run.
On the geopolitical front, tensions between Iran and Israel persisted despite Iran’s announcement of a halt to military strikes against Israel. Tehran’s foreign ministry conveyed to CNBC that military actions would resume if Israeli forces continued their operations in Lebanon, a claim echoed by Israeli Prime Minister Benjamin Netanyahu, who stated that the conflict involving Iran and Hezbollah “is not yet over.” The longstanding ceasefire between the U.S. and Iran faced scrutiny following a missile attack attributed to Iran, prompting Israel to conduct what it described as a “large-scale strike on strategic defense systems.”
Amidst these developments, President Donald Trump issued a statement on Truth Social, indicating that both Israel and Iran were seeking an immediate ceasefire. Meanwhile, Iran’s Ministry of Foreign Affairs reiterated its position, cautioning that hostilities would resume should Israel persist in its offensive actions in Lebanon.
Market participants were also keenly anticipating earnings reports from several companies, including United Natural Foods, J.M. Smucker, Designer Brands, and Lands’ End, slated for release before the market opens on Tuesday. In addition to earnings announcements, traders were on the lookout for economic indicators, including April’s wholesale inventories and the May readings for existing home sales and the NFIB small business index.
