US Stock Market Today: What to Watch, Monday June 8, 2026

The Nasdaq just had its worst session since April 2025. Four trading days later, US futures are trying to claw back some ground this Monday, and the bid is coming from one place: chips. Micron is up around 4% before the bell, Nvidia close to 2%. The S&P 500 is inching higher, the Dow is flat. This looks less like relief than a pause for breath.

The bounce is a chip story

Tech led last week's rout; this morning it's leading the other way. Nasdaq 100 futures are up as much as 1.3%. The catch: this is a technical bounce in an oversold corner of the market, not a change of trend. The real question for the session is whether buyers follow through, or whether it fades by midday in New York.

What's still weighing

Two clouds didn't move over the weekend. Geopolitics first: fresh strikes between Iran and Israel kept Brent above 100 dollars. Expensive oil means imported inflation, which makes the Fed's job harder. Then sentiment: at 42, the Fear & Greed Index still reads fear. Investors are stepping carefully.

Stocks and sectors in focus

Semiconductors are the tell today. If risk appetite is genuinely back, the chips will hold their gains. Energy stays firm with crude. On earnings, Campbell's (CPB) reports today, a useful read on consumer staples, the kind of defensive name managers lean on when they are unsure about everything else.

Wednesday is the real event

The rest of the week hangs on one number: May CPI, out Wednesday at 8:30 a.m. ET. Consensus sits near 4% year over year, a level that suits no one. A hotter print would complicate things for the Fed, which meets June 16-17 with rates at 3.50-3.75%. Expect plenty of traders to keep their heads down until then rather than place big bets.

Levels to watch

On the Nasdaq, everything rests on whether it can stabilize after Thursday's drop. A bounce that stalls quickly reopens the door to selling; a recovery that holds would steady nerves into the inflation print. The S&P 500 stays tied to Wednesday's reaction.

The bottom line

A cautious rebound, still-fearful sentiment, and a week that comes down to a single data point. Oil and the Iran-Israel situation remain the main near-term risks. Until the inflation number lands, the market is waiting to pick a side.

This is not investment advice. General information for educational purposes.