Stock futures rise as chip rebound lifts S&P 500 to winning day; South Korea stocks jump 7%: Live updates
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Traders work at the New York Stock Exchange on June 8, 2026.
NYSE
S&P 500 futures rose early Tuesday after a rally in chip stocks boosted the index.
Futures tied to the broad market index were up about 0.26%, while the Nasdaq 100 futures rose 0.55%. Dow Jones Industrial Average futures advanced 62 points, or 0.12%.
In Asia, Japan’s Nikkei 225 was over 2% higher, while South Korea’s Kospi rebounded from Monday’s slump to jump 7%. Hong Kong Hang Seng Index was flat, while the mainland’s CSI 300 was up 0.94%. Australia’s benchmark S&P/ASX 200 was down 0.13%.
Chip stocks led the S&P 500 higher in regular trading Monday, with the index rising 0.3%. The tech-dominant Nasdaq Composite climbed 0.86%. Both averages clawed back some of their losses from last week’s tech rout. The blue-chip Dow, on the other hand, bucked the trend to shed 80.77 points, or 0.16%.
Although the artificial intelligence and chip trade has been the primary market driver on Monday and in other recent sessions, Brian Kersmanc, portfolio manager at GQG Partners, offered some skepticism over the trend’s longevity.
“What the issue is on a longer-term basis is sustainability,” Kersmanc said on CNBC’s “ Closing Bell: Overtime” on Monday afternoon. “So, how much further does this sustain on a longer-term basis?”
“At the end of the day, a lot of these chip names are commodities,” the portfolio manager added. “And if you look at it in terms of a commodity, when you have a rapid price increase that you had — in some areas of memory, you had a 15x price increase over the course of last year or so — if I were to recontextualize that … a 15x increase in energy, go from $60 a barrel to $900 a barrel, how many energy stocks would people be buying right now?”
Iran on Monday halted military strikes against Israel, but warned it would resume attacks if Israeli forces continue operations in Lebanon, Tehran’s foreign ministry told CNBC on Monday. Hours later, Israeli Prime Minister Benjamin Netanyahu said the conflict with Iran and Hezbollah was “not yet over.”
The fragile ceasefire between the U.S. and Iran was called into question over the weekend, following a reported missile attack from Iran. In response, Israel carried out a “large-scale strike on strategic defense systems” on Monday, according to the Israel Defense Forces’ X account.
However, that same day President Donald Trump said in a Truth Social post that Israel and Iran “are looking to do an immediate ceasefire.” Later on Monday, Tehran’s Ministry of Foreign Affairs told CNBC that while Iran’s military has stopped its strikes against Israel, hostilities would resume if Israel continued to attack Lebanon.
United Natural Foods, J.M. Smucker, Designer Brands and Lands’ End will report earnings before Tuesday’s opening bell. Traders will also watch out for April’s wholesale inventories and May’s existing home sales and NFIB small business index readings.
1 Hour Ago
China’s May shipments to U.S. soar 35% as overall exports jump on tech boost
China’s trade growth held up better than expected in May, as surging AI-related exports helped buffer the economy against disruption from the Iran war, with U.S.-bound shipment logging the strongest jump in five years.
Overall exports rose 19.4% from a year earlier in U.S. dollar value terms, customs data showed Tuesday, accelerating from the 14.1% gain in April. Economists polled by Reuters had pegged growth at 15%.
Shipments to the U.S. soared nearly 35.4% in May from a year earlier, the highest growth since March 2021, according to Wind Information, extending a rebound following a long streak of double-digit declines for the most of last year, pressured by President Donald Trump’s tariffs.
“The war is boosting demand for green exports, such as electric vehicles, batteries, solar products, and AI-related technology goods,” said Shena Yue, senior economist at Oxford Economics, expecting the “outperformance” in high-tech product export growth to persist.”
Read the full story here.
—Anniek Bao
4 Hours Ago
Asia chip-linked shares recover after U.S. peers bounce back
Asian technology stocks rebounded Tuesday, tracking Wall Street’s gains, as investors returned to artificial intelligence-linked names.
South Korean memory chip giant SK Hynix climbed 6.44%, while Samsung Electronics gained 3.38%. Seoul Semiconductor jumped over 12%.
Japanese semiconductor equipment makers also advanced, with Tokyo Electron rising 5.65%, Advantest adding 1.51%, and Renesas Electronics gaining 2.54%.
However, shares of Japanese tech investment giant SoftBank extended their slide, dropping 2%.
“The rotation back to domestic defensives we saw yesterday will be short lived for now,” said Andrew Jackson, an equity strategist at ORTUS Advisors.
While it remains unclear whether the recent pullback will be enough to reset valuations, Jackson said markets were likely to remain volatile through the week as investors brace for the pricing of SpaceX’s highly anticipated initial public offering on Thursday and the start of trading on Friday.
Read the full story here.
—Lee Ying Shan
5 Hours Ago
Pentagon expands list of China military-linked firms to include Alibaba, Baidu and BYD
The Pentagon added a slew of Chinese companies, including Alibaba Group, Baidu Inc and carmaker BYD, to a list of entities it believes have aided the Chinese military, complicating the fragile diplomatic relationship between Washington and Beijing.
The Defense Department published an updated “1260H list” Monday evening stateside — a roster of companies the Pentagon considers affiliated with China’s military or defense industrial base.
The designations do not impose sanctions explicitly, but mean the Defense Department will be prohibited from contracting directly with listed companies starting later this month, and from procuring their products or services through third parties beginning in 2027.
Shares of Alibaba Group declined 1.18%, BYD fell 1.16%, while Baidu was up 1.05%.
Read the full story here.
—Anniek Bao
6 Hours Ago
Japan’s Nikkei 225 gains over 1%; South Korea’s Kospi rebounds 4%
Asia-Pacific markets traded mixed early Tuesday. Japan’s Nikkei 225 added over 1% while the Topix rose 1.22%.
South Korea’s Kospi rebounded from Monday’s sell-off to jump 4%, and the small-cap Kosdaq advanced 3.7%. Australia’s benchmark S&P/ASX 200 was down 1.33%.
Hong Kong Hang Seng index futures last traded at 24,555, lower than the index’s last close of 24,657.06.
—Lee Ying Shan
7 Hours Ago
Asia markets set for mixed open as investors assess fragile Iran-Israel ceasefire
Asia-Pacific markets were set to open mixed Tuesday, as investors weighed a fragile ceasefire between Iran and Israel, with U.S. chip stock rebound overnight likely offering support to regional tech names.
The Chicago futures contract for Japan’s Nikkei 225 was at 65,450 and its Osaka counterpart last traded at 65,400 compared with the index’s previous close of 64,024.6.
Hong Kong Hang Seng index futures last traded at 24,555, lower than the index’s last close of 24,657.06.
Australia’s benchmark S&P/ASX 200 is set to fall after resuming trade following a holiday, with futures last at 8,533, lower than the index’s previous close of 8,625.1.
| Symbol | Company | Name | Price | Change | %Change |
|---|---|---|---|---|---|
| .AXJO | S&P/ASX 200 | ASX 200 | 8,610.50 | -14.60 | -0.17% |
| .HSI | Hang Seng Index | HSI | 24,703.23 | +46.17 | +0.19% |
| .KS11 | KOSPI Index | KOSPI | 8,070.12 | +585.71 | +7.83% |
| .N225 | Nikkei 225 Index | NIKKEI | 65,194.39 | +1,169.79 | +1.83% |
| .NSEI | NIFTY 50 | NIFTY 50 | 23,148.10 | +25.10 | +0.11% |
| .SSEC | Shanghai | SHANGHAI | 3,997.951 | +38.613 | +0.98% |
Iran on Monday halted military strikes against Israel, but warned it would resume attacks if Israeli forces continue operations in Lebanon, Tehran’s foreign ministry told CNBC on Monday. Hours later, Israeli Prime Minister Benjamin Netanyahu said the conflict with Iran and Hezbollah was “not yet over,” despite arguing that both adversaries had been significantly weakened.
— Lee Ying Shan
8 Hours Ago
Vail Resorts falls after lowering its full-year adjusted EBITDA guidance
Shares of Vail Resorts were trading about 4% lower in Monday’s after-hours session after the company cut its guidance for adjusted EBITDA for the full year.
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Vail Resorts Inc
RT Quote | Last NASDAQ LS, VOL From CTA | USD
After Hours: Last | 06/08/26 EDT
131.00
-6.21 (-4.53%)
137.21
+1.84 (+1.36%)
Close
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The luxury ski resorts operator now sees adjusted EBITDA coming in between $739 million to $761 million for the year, versus prior guidance of the lower end of the $745 million to $775 million range. Analysts polled by FactSet were expecting the figure to come in at $748.7 million.
However, Vail Resorts reported adjusted EBITDA and revenue for its fiscal third quarter that came in above analysts’ forecasts.
— Lisa Kailai Han
8 Hours Ago
OpenAI confidentially files for IPO
OpenAI has confidentially filed for an IPO with the Securities and Exchange Commission.
OpenAI’s filing comes just a week after rival Anthropic’s, and days before Elon Musk’s SpaceX is slated to go public.
The artificial intelligence company, currently valued at more than $850 billion, could go public as soon as the fourth quarter of this year. But OpenAI said on Monday it has not yet decided on exact timing.
“We recently submitted a confidential S-1. We expect it to leak so we’re just announcing it. We have not decided on timing yet; it may be a while because there are things we want to do that are likely easier as a private company. But it’s a complicated set of tradeoffs and this gives us the option to go public sooner if that ends up being best,” the company said in its post.
— Ashley Capoot and Lisa Kailai Han
8 Hours Ago
Stock futures open little changed
Stock futures traded near flat on Monday evening.
Shortly after 6 p.m. ET, futures tied to all three major averages were trading around the flatline.
— Lisa Kailai Han
S&P 500 closes higher as chips stage a comeback, Iran stops strikes on Israel
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