Market Summary - June 8, 2026
US Market Overview
The US equity indices are experiencing a rebound following a significant sell-off last week, which saw the Nasdaq decline by over 4%. Currently, Nasdaq 100 futures are up nearly 1.5%, reaching 29,300 points. Other indices such as the S&P 500, Russell 2000, and DJIA are also recovering, although the gains are primarily concentrated in technology stocks and the semiconductor sector.
Today's macroeconomic calendar is relatively empty, but European data indicated a sharper-than-expected decline in German industrial orders, while investor sentiment in the euro area was slightly better than anticipated, though still negative. Additionally, Brent crude oil prices have decreased from approximately USD 94 to USD 93 per barrel, contributing to a more positive market sentiment.
Geopolitical Developments
Former President Donald Trump has indicated that a deal with Iran is nearing completion. Concurrently, Israeli Prime Minister Benjamin Netanyahu has reportedly retracted plans for a retaliatory strike against Iran following recent hostilities. These developments are being interpreted by the markets as a reduction in geopolitical tensions.
Company News
Intel and Corning
Intel shares are rebounding, gaining around 8%, as Google and NVIDIA consider Intel as a backup chip manufacturer. Meanwhile, Corning has announced a multi-year agreement with Amazon to supply optical fiber for the expansion of U.S. data center infrastructure, valued in the billions. This deal is expected to create approximately 1,000 jobs and has led to a 9% increase in Corning's stock price.
Amazon
Amazon's agreement with Corning is part of its strategy to enhance its AI infrastructure, with shares initially rising nearly 7% before settling at a 1% gain.
NVIDIA
NVIDIA has partnered with South Korea's SK Hynix to develop advanced memory technologies, which has positively impacted its stock price, reinforcing its position in the semiconductor sector.
Marvell Technology
Marvell Technology has been included in the S&P 500 index, resulting in a nearly 8% increase in its stock price. The company specializes in networking chips essential for AI infrastructure, and its stock has surged over 200% year-to-date.
Flex
Flex has also been added to the S&P 500 index, driving its stock price up by approximately 5%. This inclusion is expected to attract more institutional investment.
Nurix Therapeutics
Shares of Nurix Therapeutics soared by about 24% after announcing a collaboration with Roche for the development of a new cancer treatment, enhancing the company's credibility and potential in the biotech sector.