Business, Finance, Stocks
On June 8, U.S. stocks recovered from the previous selloff, led by the Nasdaq, amid rising oil prices due to Iran-Israel tensions and declining bond demand.
By William Collins, consultant in stock markets – Eurasia Business News, June 8, 2026. Article no 3009
U.S. stocks were rebounding on June 8 after Friday’s selloff, with the Nasdaq leading the bounce while oil prices climbed on renewed Iran-Israel tensions.
The Nasdaq was up more than 1% in early trading, while the Dow and S&P 500 also moved higher.
Nasdaq Composite: 26,036.94 (+1.27%)
S&P 500: 7,430.49 (+0.63%)
Dow Jones: 50,871.37 (+0.01%)
Friday’s drop had been driven by a strong jobs report and continued weakness in AI and chip names.
Intel (INTC) led chip and AI-related stocks higher on Monday following a report that Google (GOOG) (GOOGL) and Nvidia (NVDA) are considering the company as a backup chip manufacturer.
Chip stocks rebounded on Monday after plummeting on Friday. Shares of Intel surged about 12%.
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Brent crude jumped to above $97 per barrel in one report and briefly reached about $98, while WTI also pushed higher on the flare-up in Middle East hostilities.
The price move followed fresh strikes between Iran and Israel, which raised fears that a fragile ceasefire could unravel.
Gold was around $4,329 per ounce, according to the market data.
The setup is a classic risk-on/risk-off split: equities were trying to recover from Friday’s tech-led weakness, while energy markets were pricing in geopolitical supply risk.
For markets, the near-term focus is whether the conflict escalates further and whether the rebound in big-cap tech can hold after last week’s selloff.
Demand for bonds declines and Treasury yields rise for the second consecutive session as markets grapple with hostilities in the Middle East and high interest rate expectations in the U.S. April trade deficit is expected to narrow to $56 billion from $60.3 billion.
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© Copyright 2026 – Eurasia Business News. Article no. 3009
Founded in 2017, Eurasia Business News is an independent platform where are published articles on economy, finance, geopolitics, tax and legal issues in Europe, America and Asia. Our goal is to bring new and valuable insights to business leaders, policymakers, scholars and citizens. Articles are published in both English and French. Premium content is available for monthly subscribers. View all posts by Eurasia Business News
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