Nasdaq Turns Higher After Friday Selloff -- WSJ

Dow Jones00:00

Caitlin McCabe

U.S. stocks rebounded in early trading, even after a flare-up in tensions between Iran and Israel sent oil prices higher.

The Nasdaq composite gained more than 1%, with the Dow industrials and S&P 500 up too. Some of the hardest hit stocks last week-namely, AI stocks-are among those rising the most. The PHLX Semiconductor Index is up 6.8%, on pace for its biggest one-day gain in more than a year.

The moves mark a sharp turnaround from Friday, when a hotter-than-expected May jobs report and a pullback in the AI trade sent the Nasdaq tumbling more than 4%. That selloff initially looked set to continue when futures started trading Sunday, following a weekend of renewed fighting between Iran and Israel.

Then stock futures climbed, including after Iran said it had ended its strikes against Israel. An initial surge in oil prices eased, while Treasury yields also pared earlier gains.

Later this week, the release of May inflation data Wednesday should offer traders clues on whether the Fed will raise rates this year. Also on the docket: SpaceX's long-awaited IPO.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

June 08, 2026 12:00 ET (16:00 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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