Topic
rebound
Business US stock markets rebound on AI recovery as oil prices ease from overnight highs
Wall Street recovered on Monday, June 8, 2026, as AI-linked stocks rebounded from Friday's sell-off, pushing the S&P 500 up 0.7%. Oil prices eased from overnight highs above $98 to $94.25 despite ongoing Israel-Iran tensions. Asian markets fell, with Japan's Nikkei declining 3.8%.
Business Wall Street rebounds as AI stocks recover; SpaceX debut and Iran tensions in foc
US stocks rebounded over two sessions, with AI-linked stocks recovering from recent volatility. Oracle tumbled 10% after announcing a $40 billion debt-and-equity plan for AI investments, while chipmakers Intel and Applied Materials surged. Oil prices fell sharply after President Trump withdrew a strike threat against Iran, boosting sentiment. The much-anticipated SpaceX IPO began trading on the Nasdaq, commanding a $1.77 trillion market value. The ECB raised rates by 25 basis points, and markets await the Fed decision next week.