U.S. Stock Futures Rise, Semiconductor Stocks Rally; Oil Spikes Above $92 on Iran-Israel Tensions

NAS1001.34%
SPX5000.63%
CL-0.76%
According to BlockBeats, U.S. stock index futures rebounded on Monday morning (June 8), with Nasdaq 100 futures up 1.1%, S&P 500 futures up 0.6%, and the Dow up 85 points. Semiconductor stocks recovered sharply after Friday's 4.2% Nasdaq selloff, with Micron up over 3% and the Philadelphia Semiconductor ETF (SOXX) rising 2.4%. Meanwhile, Iran launched a missile strike on Sunday, prompting Israel to conduct "large-scale" strikes on Iranian defense systems. WTI crude oil briefly surged above $92 per barrel before retreating on reports of cease-fire talks. Asian markets declined, with South Korea's Kospi falling 8% and Japan's Nikkei 225 dropping 3.85%. Markets will monitor U.S. inflation data and SpaceX's IPO scheduled for Friday.
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