Markets Rally Amid Middle East Turmoil

Markets Rally Amid Middle East Turmoil

Author: The Daily News Now! June 8, 2026 Duration: 1:43
Irvine News Today | 2 Min News | The Daily News Now!
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Markets rebounded sharply Monday as S&P 500 and Nasdaq futures surged, recovering from Friday’s worst drop since October—especially in tech. Chip stocks like Micron and Super Micro led early gains. Oil prices spiked overnight after Israeli strikes in Iran, then retreated when Iran halted offensive actions. The ongoing conflict since February 28 is rattling global markets, driving up energy costs and inflation. South Korea’s Kospi plunged 8% amid tech sell-offs, Japan’s Nikkei fell, and growth forecasts were downgraded. Europe mixed, with some indices dipping, others barely up. Ceasefire talks stall amid renewed violence, threatening key shipping lanes like the Strait of Hormuz.

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