US Stock Market Summary — June 8, 2026

The Nasdaq, which had collapsed more than 4% on Friday on a semiconductor sell-off, managed to bounce back in a single session. The Nasdaq Composite closed up 0.86% at 25,929, while the S&P 500 gained 0.30% and the Dow slipped 0.16%, leaving the major indexes mixed. Semiconductor stocks — the very names that had led the previous session's plunge — staged a powerful rebound: Intel ($INTC +11.11%), Micron ($MU +9.87%) and Marvell ($MRVL +9.34%) all jumped close to double digits, lifting the broader market. Over the weekend, Iran halted further attacks against Israel, easing Middle East tensions and helping restore risk appetite; the volatility index (VIX) fell 12.6% to 18.8. The Fear & Greed Index, however, remained stuck at 40 in “Fear” territory, keeping investor sentiment cautious.

By sector, tech ($XLK +2.15%) led the way on the back of the semiconductor rebound, while energy ($XLE +1.14%) rode higher on Middle East–driven oil strength ($USO +1.60%). Defensive rate-sensitive groups lagged, with utilities ($XLU -1.87%), REITs ($XLRE -1.50%) and materials ($XLB -1.32%) pacing the decliners. The pattern is a textbook risk-on rotation, with capital rotating out of safe-haven assets. In fixed income, long-duration weakness was the standout — the 20+ year Treasury ETF ($TLT) fell 0.51% — while gold ($GLD) edged up 0.26%. Natural gas ($UNG -2.57%) was weak, but crude oil extended its gains on a geopolitical premium.

The clear story of the day was semiconductors. Intel ($INTC) surged 11.11%, while Micron ($MU 9.87%), Marvell ($MRVL 9.34%), KLA ($KLAC 9.21%) and Applied Materials ($AMAT 8.61%) all rebounded sharply, with equipment and memory names leading the charge Semiconductors led the market rebound. On the other side, Apple ($AAPL) held its annual Worldwide Developers Conference (WWDC), unveiling a next-generation AI voice assistant called “Siri AI” and a Google Gemini partnership — but the session was viewed as falling short of expectations, and the stock gave back a 3% intraday gain to close down 1.87% (related article). Elsewhere, defensive and cybersecurity names lagged, including AstraZeneca ($AZN -2.37%), Palo Alto Networks ($PANW -2.14%) and NextEra Energy ($NEE -2.13%).

> Key events for the next trading day are displayed automatically.

> "The AI-driven acceleration in corporate earnings is being validated by results, not valuation. S&P 500 EPS is set to reach $350 in 2026."

> — Scott Chronert, Head of US Equity Strategy at Citigroup

> "Now is the time to take profits. Our Bull & Bear indicator has hit 8.0, a sell signal, and 7 of our 10 bear-market indicators have already been triggered."

> — Michael Hartnett, Chief Investment Strategist at Bank of America

Although semiconductors posted an impressive rebound, technically there are still a cluster of MACD death crosses on mega-cap tech stocks, making it too early to call a trend reversal. Financials and healthcare are also crowded into overbought territory, which adds short-term pressure. Wednesday's Consumer Price Index (CPI) print will be the dividing line for whether this rebound has legs.