This content was published on
June 8, 2026 - 15:49
3 minutes
(Bloomberg) — Wall Street staged a comeback as dip buyers emerged, lifting stocks amid renewed enthusiasm over artificial intelligence and bets that a solid economy will keep powering Corporate America.The rebound in risk appetite drove the S&P 500 up almost 1%, with technology shares leading the charge after a selloff that sent a key gauge of chipmakers to its worst session since the onset of the pandemic. The index of high-profile companies such as Nvidia Corp. and Micron Technology Inc. jumped 5.5% on Monday. The Nasdaq 100 climbed about 2%.Following a brief pause in the rally that drove equities to a series of records from war-driven lows, momentum-chasing traders returned, energizing bets that the bull market is nowhere near its end.The positioning-driven selloff in US stocks on Friday was a “healthy reset,” according to Morgan Stanley strategists led by Mike Wilson, who maintained their constructive outlook, supported by earnings growth and resilient economic data.“Markets rarely move in a straight line at the pace seen since the March lows,” they said. “In our view, a correction was inevitable and ultimately healthy if this bull market is going to extend into year-end, which remains our baseline with an 8,000 S&P 500 target.”Elsewhere, oil pared its gain after Iranian media said armed forces had declared an end to the military operation against Israel after a day of hostilities between the two sides. Bitcoin bounced after dropping below the key threshold of $60,000.Corporate Highlights:Apple Inc. investors have spent nearly two years clamoring for the iPhone maker to make a big splash with artificial intelligence. Their wait may finally be coming to an end this week at the company’s annual Worldwide Developers Conference. Alphabet Inc.’s Google recently placed an order with Intel Corp. to manufacture more than 3 million of its specialized AI chips in 2028, the Information reported, citing two unnamed sources. Marvell Technology Inc. and Flex Ltd. will join the S&P 500 in the latest quarterly rebalance, replacing Pool Corp. and Campbell’s Co. before the start of trading on June 22. Ciena Corp. is planning to raise $2 billion by issuing debt that can be converted into shares, joining the ranks of companies capitalizing on the demand from a massive buildout of AI infrastructure. Ingredion Inc. agreed to buy Tate & Lyle Plc for £2.7 billion ($3.6 billion), in a move that marks the end of the UK company’s near-century on the London Stock Exchange. Some of the main moves in markets:StocksThe S&P 500 rose 0.8% as of 9:47 a.m. New York time The Nasdaq 100 rose 1.8% The Dow Jones Industrial Average rose 0.4% The Stoxx Europe 600 was little changed The MSCI World Index rose 0.4% CurrenciesThe Bloomberg Dollar Spot Index fell 0.2% The euro rose 0.2% to $1.1545 The British pound rose 0.1% to $1.3356 The Japanese yen rose 0.2% to 160.01 per dollar CryptocurrenciesBitcoin rose 2.7% to $63,537.13 Ether rose 3.4% to $1,682.58 BondsThe yield on 10-year Treasuries was little changed at 4.53% Germany’s 10-year yield was little changed at 3.04% Britain’s 10-year yield was little changed at 4.91% CommoditiesWest Texas Intermediate crude rose 0.5% to $90.98 a barrel Spot gold rose 0.1% to $4,334.72 an ounce ©2026 Bloomberg L.P.
