Nasdaq futures rise after worst day in over a year; oil jumps

9 hours ago 5

Cris Tolomia

Mon, June 8, 2026 astatine 6:38 AM CDT 2 min read

U.S. banal futures pointed higher Monday greeting aft the Nasdaq Composite suffered its worst single-day driblet since April 2025, adjacent arsenic renewed warring betwixt Iran and Israel sent lipid prices higher.

Contracts connected the Nasdaq 100 pointed to a 1.2% opening gain, with S&P 500 contracts up 0.6% and those tied to the Dow adding astir 100 points. Those moves followed Friday's steep losses, successful which the Nasdaq Composite shed 4.2% and the S&P 500 fell 2.6% — the index's worst single-session diminution successful astir 10 months.

Semiconductor names drove premarket gains, according to CNBC. Micron Technology, which had tumbled 13% connected Friday, was trading much than 5% higher earlier the bell, portion Nvidia and Broadcom besides posted gains. Friday's 10% illness successful the iShares Semiconductor ETF — its steepest single-day driblet successful implicit six years — was being partially reversed, with the money up adjacent to 4% up of Monday's open.

A stronger-than-forecast May jobs study and a wide retreat successful AI-related equities combined to spark Friday's rout, according to the Wall Street Journal. Across Asia, markets bore the brunt of that weakness connected Monday: South Korea's Kospi, weighed down by semiconductor giants Samsung Electronics and SK Hynix, tumbled much than 8%, portion Tokyo's Nikkei 225 gave up 3.85%, closing astatine 64,024.6.

Crude lipid surged aft Iran fired missiles astatine Israel connected Sunday and Israeli forces responded Monday with what the IDF characterized arsenic a sweeping onslaught connected Iranian defence infrastructure. WTI concisely topped $92 a barrel, a summation of much than 1%, portion Brent futures reached astir $94.69. The rally cooled aft President Donald Trump announced that some nations "are looking to bash an contiguous ceasefire" and pressed them to halt hostilities, with prices retreating from their intraday peaks.

Bond markets reflected increasing condemnation that the Federal Reserve could determination to rise rates earlier year's end, pushing Treasury yields higher Monday. Wednesday's merchandise of May user terms information is seen arsenic a cardinal input into however policymakers mightiness proceed.

"The banal marketplace whitethorn beryllium becoming a unfortunate of its ain success," Callie Cox, main marketplace strategist astatine Ritholtz Wealth Management said. "The occupation marketplace has turned around, yet the menace of persistently precocious ostentation seems to beryllium the hazard looming connected everyone's minds."

She besides noted that since the market's March lows, growth- and momentum-oriented strategies person near astir different concern styles down — an antithetic signifier successful a high-rate situation that could permission those approaches exposed if ostentation proves persistent.

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