US stock markets rebound as chip and tech stocks surge

U.S. stock markets rebounded strongly on Monday, June 8, 2026, led by a powerful recovery in technology and semiconductor shares following a sharp selloff at the end of the previous week. The rally coincided with signs that military hostilities between Iran and Israel may be easing, though the situation remained volatile.

The Nasdaq Composite surged between 1.4% and 1.8%, closing near 26,163, while the S&P 500 rose roughly 1.0% to finish around 7,461. The Dow Jones Industrial Average posted more modest gains, adding about 0.3% to close near 51,052. The rebound marked a significant reversal from Friday's session, when the Nasdaq had dropped 4% and the S&P 500 snapped a nine-week winning streak.

Semiconductor stocks, which had borne the brunt of Friday's decline, led the market's recovery. The Philadelphia Semiconductor Index soared approximately 5% to 7%, recouping a portion of its 10% plunge on Friday, which had been its sharpest single-day drop in over six years. Notable gainers included Micron Technology, which climbed between 9% and 11%, Intel, which jumped over 12%, and Nvidia, which advanced. Marvell Technology rallied nearly 9.6% after news of its inclusion in the S&P 500...