U.S. Stock Markets Rebound as Chip Stocks Rally; Oil Prices Fall on Middle East Optimism
U.S. stock markets rebounded on June 9, 2026, as the semiconductor sector recovered from a sharp selloff and oil prices fell on signs of Middle East de-escalation. The S&P 500 gained 0.63%, the Dow advanced 0.67%, and the Nasdaq rose 0.69% amid optimism over potential Iran peace talks.
Market Recovery After Chip Selloff
U.S. stock markets rose in early trading while oil prices fell as chip stocks rebounded from a recent rout, with the S&P 500 gaining 0.63%, the Dow Jones Industrial Average advancing 0.67%, and the Nasdaq rising 0.69%, and the Russell 2000 adding 0.77%. The gains came after the S&P 500 Index dropped more than 2.6% Friday to end a nine-week win streak after May jobs growth of 172,000 doubled consensus.
De-escalation in the Middle East Boosts Sentiment
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, with the S&P 500 gaining 0.8%, the Nasdaq 100 gaining 1.5%, while the Dow were 0.4% higher, as 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. The attack came hours after President Donald Trump said a deal to end the war with Iran could be reached within days, with Trump saying early Tuesday, "We're in the final throes of what will be a very, very good deal."
Semiconductor Sector Gains Amid AI Optimism
Speculative positions on the AI economy returned as after Broadcom's earnings ignited a selloff in chip producers last week, with Nvidia gaining 2% while Micron and Marvell jumping over 4% each. J.M. Smucker (SJM) gained 5.8% after reporting better-than-expected quarterly earnings but warning it expects sales to decline in the coming year, Sandisk (SNDK) climbed 7% after analysts raised their price targets, and Lam Research (LRCX) rose 7.5%, while Qualcomm (QCOM) fell 4.4%, Marvell Technology (MRVL) lost 4.2%, and Workday (WDAY) declined 4%.
Cryptocurrency and Commodity Moves
Bitcoin (BTC) fell 2% in premarket trading to $62,533.89, with the world's largest cryptocurrency dropping below the key $60,000 level on Friday for the first time since October 2024, and Bitcoin having lost about 27% of its value in 2026 and now roughly 50% below its all-time high. Gold futures slipped slightly while silver futures gained 0.036% to $68.61 per ounce.