Stock futures moved higher before the opening bell Monday, June 8, as technology shares rebounded from last week’s steep selloff, while rising oil prices reflected continued instability in the Middle East. S&P 500 futures gained about 0.62%, Nasdaq 100 futures rose roughly 1.12%, and Dow Jones futures added about 0.14%.

The recovery follows a difficult Friday session in which the Nasdaq fell approximately 4%, driven largely by a sharp decline in semiconductor stocks that erased nearly $1 trillion in market value.

A major catalyst for Monday’s rebound was a decision by S&P Dow Jones Indices to add Marvell Technology and Flex to the S&P 500 Index, replacing Pool Corp. and The Campbell’s Company. The changes will take effect before trading begins on June 22.

The move is significant because index funds and exchange-traded funds that track the S&P 500 must purchase shares of newly added companies to match the benchmark. That often creates substantial demand regardless of broader market conditions.

Marvell Technology jumped about 7% in premarket trading, while Flex gained roughly 3%.

Marvell has been one of Wall Street’s strongest performers this year. The company’s shares have more than tripled in 2026 and surged roughly 29% last week alone, helped by growing investor enthusiasm surrounding artificial intelligence infrastructure. Interest intensified after Nvidia CEO Jensen Huang reportedly described Marvell as the “next trillion-dollar company.”

The broader semiconductor sector also participated in the rally. Micron Technology rose approximately 7.1%, while laser manufacturer IPG Photonics advanced about 8.2% in premarket trading.

Healthcare stocks also attracted attention. Eli Lilly moved higher after presenting late-stage clinical results for its experimental obesity treatment retatrutide at the American Diabetes Association conference in New Orleans. Analysts at William Blair described the drug as potentially belonging to a different class because of its potency. Investors are also looking ahead to Eli Lilly’s presentation at the Goldman Sachs Healthcare Conference on Tuesday.

Not every stock joined the rally. Roivant Sciences declined about 3.8%, Grocery Outlet fell roughly 3.3%, and insurer Progressive slipped about 2%.

Meanwhile, developments in the Middle East continued to influence markets.

West Texas Intermediate crude oil climbed above $93 per barrel, reversing losses from the previous two sessions after renewed tensions between Iran and Israel. Iran launched multiple rounds of missiles toward Israel over the weekend and warned against additional military activity in Lebanon.

Israel’s military said all incoming missiles were intercepted and reported no casualties.

Iran’s Foreign Ministry told CNBC that military operations had paused but warned that strikes could resume if Israeli actions in Lebanon continue. Traders remain focused on the Strait of Hormuz, which has been largely disrupted since February and normally handles a significant share of global oil shipments.

Adding another variable to energy markets, OPEC+ approved a July production increase of 188,000 barrels per day, though the supply boost has done little to offset concerns about regional instability.

Investors are also continuing to assess Friday’s stronger-than-expected employment report.

The U.S. Bureau of Labor Statistics reported that employers added 172,000 jobs in May, well above economist forecasts of approximately 85,000 jobs. April payroll growth was revised higher to 179,000 jobs. The unemployment rate remained at 4.3%, while average hourly earnings increased 0.3% for the month and 3.4% year-over-year.

The report arrives less than two weeks before the Federal Reserve’s June 16–17 policy meeting, the first chaired by Kevin Warsh since succeeding Jerome Powell in May.

Last week’s technology selloff began after Broadcom issued guidance that disappointed investors, sparking widespread selling across semiconductor stocks. Despite the reaction, UBS analyst Timothy Arcuri maintained a Buy rating on Broadcom while trimming his price target to $485 from $490.

What to Watch

With few major economic reports scheduled before the Federal Reserve meeting, investors are likely to focus on three key themes this week:

• Whether the semiconductor rebound can continue.
• Oil price movements tied to developments between Iran and Israel.
• Corporate events, including the Goldman Sachs Healthcare Conference and the upcoming June 22 S&P 500 index reshuffle.

JBizNews Desk — New York

© JBizNews.com All Rights Reserved. Reproduction or distribution without written permission is prohibited.