Huo Xing Finance reports: On Monday morning, U.S. major stock index futures rose ahead of the open, with the Nasdaq-100 futures up 1.1%, S&P 500 futures up 0.6%, and Dow futures rising approximately 85 points. This follows a sharp 4.2% drop in the Nasdaq Composite on Friday—the largest single-day decline since April 2025—triggered by profit-taking in chip stocks. On Monday, chip stocks rebounded: Micron Technology, a memory chip manufacturer, rose over 3% in pre-market trading after plunging 13% on Friday; NVIDIA and Broadcom also advanced pre-market. The Philadelphia Semiconductor Index ETF (SOXX) rose 2.4% in early trading, recovering from a 10% plunge on Friday—the largest single-day drop in over six years. In the Middle East, Iran launched missile strikes on Sunday, raising concerns about the stability of ceasefire agreements. In response, the Israeli Defense Forces stated they had launched a “large-scale strike” against Iran’s strategic defense systems. International oil prices initially surged, with WTI crude briefly surpassing $92 per barrel, before pulling back after U.S. President Trump stated that Israel and Iran were seeking an “immediate ceasefire.” Asian markets, weighed down by Friday’s Nasdaq plunge, declined broadly: South Korea’s Kospi closed down over 8%, and Japan’s Nikkei 225 fell 3.85%. Callie Cox, Chief Market Strategist at Ritholtz Wealth Management, said equities may be falling victim to their own success. While the labor market has improved, persistent inflation risks continue to unsettle investors. Growth and momentum stocks have performed exceptionally strongly since their March lows and may now face correction pressure amid high interest rates and elevated inflation. This week, markets will also focus on U.S. inflation data and the initial public offering (IPO) of SpaceX, led by Elon Musk, scheduled for Friday. The offering is expected to be one of the largest in Wall Street history and could serve as a critical test of AI valuation logic. Cox noted that historically, mega-IPOs often occur during periods of excessive market enthusiasm, making SpaceX’s listing a key indicator to watch for shifts in market sentiment.
U.S. stock futures rebound as chip stocks surge amid Middle East tensions and anticipation of SpaceX’s IPO
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Summary
Futures market activity increased on June 8, 2026, with Nasdaq 100 futures rising 1.1% and S&P 500 futures up 0.6%. Dow futures climbed approximately 85 points ahead of the open. Chip stocks rebounded, with Micron Technology up over 3% in pre-market trading. Tensions between Iran and Israel remain a key focus, while investors await SpaceX’s anticipated IPO. Perpetual futures saw heightened participation as traders positioned themselves ahead of major events.
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