This content was published on <\/p>\n
June 8, 2026 – 22:21\n<\/p>\n
(Bloomberg) \u2014 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.<\/p>\n
The high-profile group of chipmakers such as Nvidia Corp. and Micron Technology Inc. paced gains in equities, climbing 5.6% after the biggest selloff since 2020. Their rebound was enough for the S&P 500 to resume its advance from war-fueled lows, though most of the gauge\u2019s companies fell. The Nasdaq 100 rose 1.6%. Apple Inc. investors gave a tepid reception to the next generation of its AI platform, with the shares dropping 1.9%.<\/p>\n
Following a brief pause in the rally that drove stocks to a series of all-time highs, momentum-chasing traders returned, energizing bets the bull market is nowhere near its end. Also helping sentiment was the fact that oil pared its surge as Iran and Israel pledged to ease strikes that threatened peace talks.<\/p>\n
The positioning-driven rout in equities at the end of last week was a \u201chealthy reset,\u201d according to Morgan Stanley\u2019s Mike Wilson, who maintained his constructive outlook, supported by earnings and strong economic data.<\/p>\n
\u201cMarkets rarely move in a straight line at the pace seen since the March lows,\u201d he said. \u201cA 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.\u201d The gauge closed slightly above 7,400.<\/p>\n
His optimism was echoed by Citigroup Inc. strategists led by Scott Chronert, who raised their year-end target for the S&P 500 to 8,100 from 7,700, after a \u201cbig step up\u201d in earnings expectations.<\/p>\n
\u201cWe do not expect investors to lose confidence in the AI outlook,\u201d said Mark Haefele at UBS Global Wealth Management. \u201cAlthough tech stocks have come under pressure in recent days amid concerns about whether expectations can be met, business fundamentals remain strong.\u201d<\/p>\n
Haefele also noted that markets continue to overstate the \u201chawkishness\u201d of top central banks. In his view, the risk of a Federal Reserve rate hike remains low, and despite the increase in jobs, he bets policymakers are likely to be reassured by the slowing of wage growth.<\/p>\n
After Friday\u2019s blowout payrolls report, the focus shifted back to inflation. The May consumer price index due Wednesday is expected to jump by 4.2% from a year earlier \u2014 the highest rate in more than three years. But the core CPI is seen cooling slightly on a monthly basis \u2014 potentially providing a welcome signal to Fed officials.<\/p>\n
The question is whether the market resilience can hold as investors digest inflation data and a wave of high-profile IPOs and equity offerings, according to Mark Hackett at Nationwide. They could provide an important test of whether traders are rotating capital into new opportunities or becoming more cautious on risk assets, he added.<\/p>\n
Corporate Highlights:<\/p>\n
SpaceX\u2019s initial public offering is well oversubscribed, according to people familiar with the matter, as demand builds for a potentially record-setting debut. Amazon.com Inc. is set to sell C$14 billion ($10 billion) of investment-grade bonds, the largest corporate bond offering on record in the currency, in a deal that drew around twice that amount in demand. 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. Intel Corp. surged after the Information reported that Alphabet Inc.\u2019s Google will rely on it for more than 3 million specialized AI chips in 2028. Marvell Technology Inc. and Flex Ltd. will join the S&P 500 in the latest quarterly rebalance, replacing Pool Corp. and Campbell\u2019s Co. before the start of trading on June 22. What Bloomberg strategists say\u2026<\/p>\n
\u201cS&P 500 history suggests it takes a confluence of valuation, tightened financial conditions and economic weakness to tip the balance of a bull market.\u201d<\/p>\n
\u2014Edward Harrison, Macro Strategist, Markets Live. For the full analysis, click here.<\/p>\n
Some of the main moves in markets:<\/p>\n
Stocks<\/p>\n
The S&P 500 rose 0.3% as of 4 p.m. New York time The Nasdaq 100 rose 1.6% The Dow Jones Industrial Average fell 0.2% The MSCI World Index was little changed Currencies<\/p>\n
The Bloomberg Dollar Spot Index was little changed The euro was little changed at $1.1531 The British pound was little changed at $1.3341 The Japanese yen was little changed at 160.22 per dollar Cryptocurrencies<\/p>\n
Bitcoin rose 2.4% to $63,325.82 Ether rose 3.5% to $1,685.43 Bonds<\/p>\n
The yield on 10-year Treasuries advanced four basis points to 4.57% Germany\u2019s 10-year yield advanced two basis points to 3.06% Britain\u2019s 10-year yield advanced four basis points to 4.94% Commodities<\/p>\n
West Texas Intermediate crude rose 1% to $91.42 a barrel Spot gold was little changed \u00a92026 Bloomberg L.P.<\/p>\n","protected":false},"excerpt":{"rendered":"This content was published on June 8, 2026 – 22:21 (Bloomberg) \u2014 Wall Street staged a comeback as…\n","protected":false},"author":2,"featured_media":285165,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[114,6144,85,46,6145],"class_list":["post-482853","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-business-general","tag-il","tag-israel","tag-ticker"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/482853","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=482853"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/482853\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/285165"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=482853"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=482853"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=482853"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}