U.S. Stock Index Futures Rebound, Chip Stocks Rally, Market Focus on Iran-US Tensions and SpaceX IPO
June 8. U.S. stock index futures were pointing higher in pre-market trading Monday, with Nasdaq 100 futures climbing 1.1%, S&P 500 futures up 0.6%, and Dow futures adding roughly 85 points. That comes on the heels of a brutal Friday for tech: The Nasdaq Composite tumbled 4.2%—its worst single-day drop since April 2025—fueled by profit-taking in chip stocks.
Chip stocks bounced back sharply Monday. NAND chip maker Micron Technology rose more than 3% in pre-market action, recouping some of its 13% Friday slump; Nvidia and Broadcom also notched pre-market gains. The Philadelphia Semiconductor ETF (SOXX) was up 2.4% in early trading, after plunging 10% last Friday—its steepest single-day drop in over six years.
Middle East tensions are also roiling markets: Iran launched a missile strike over the weekend, stoking fears about the region’s shaky ceasefire. The Israel Defense Forces (IDF) later said it carried out a “ widespread attack ” on Iran’s strategic defense systems. International oi
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Israeli Military Strikes Iran's Maroun Shar Petrochemical Site Again, Iran Threatens to Expand Retaliation Scope
The Israeli military carried out an airstrike on Iran’s key Mahshahr petrochemical complex in southern Iran on June 8 local time, the Israel Defense Forces (IDF) announced that day. The strike marks the first time Israel has targeted the facility since a ceasefire agreement went into effect on April 7.
The site struck, the Bandar Imam Petrochemical Complex, is Iran’s largest petrochemical facility, with more than 50 plants and an annual production capacity of roughly 72 million tons. Iranian media reported the complex’s Karun Petrochemical Plant was hit twice around 7:30 a.m. local time on June 8. No casualties have been confirmed, though the facility sustained damage.
The IDF stated the attack targeted a military-linked site used to produce raw materials for Iran’s ballistic missile program. Iran’s Islamic Revolutionary Guard Corps (IRGC) condemned the strike as a “dangerous game” and warned it would expand retaliation against Israel, including targeting energy-related infrastructur
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Hwang's Speech Fails to Boost Sentiment as Micron Struggles, US Stock Storage Sector Up in Pre-market, 92% of Institutional Analysts Still Maintain Buy Rating on MU
June 8 – NVIDIA CEO Jensen Huang addressed last Friday’s broad selloff in AI-related stocks during a public event, emphasizing: “We are at the beginning of the AI revolution. Whatever happens in the stock market, you should be happy because you can now finally buy high-quality assets at a discount.” Huang added that global AI infrastructure is still in its early stages, and short-term market volatility amounts to a “discount coupon” for long-term investors.
But Huang’s optimistic remarks failed to lift South Korean storage giant SK Hynix. Hit by the global tech stock rout, SK Hynix tumbled nearly 10% at the open of South Korea’s stock market, closing with a roughly 7.68% drop to 1.911 million Korean won—extending ongoing pressure on the AI memory sector.
On the U.S. stock front, pre-market trading showed relative resilience: STX rose 2.53%, WDC gained 2.67%, SNDK climbed 2.62%, and Micron Technology (MU) advanced 4.2%.
In a sharply different view, Raymond James financial analy
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Bitcoin Holds Above $63,000, Analyst Says True Reversal May Still Take Several Months
June 8: Bitcoin held above $63,000 on Monday, extending a 4% gain from Sunday. This rebound is linked to Strategy CEO Michael Saylor once again signaling plans for additional purchases—a move the market widely views as a major positive trigger.
Right now, Bitcoin is hovering around the key 200-week moving average, a level historically seen as a critical support zone for trend reversals. Alex Kuptsikevich, chief market analyst at FxPro, noted that the current market sentiment index has dropped to 8, similar to the mid-2022 period when downward momentum eased, though a full trend turnaround didn’t materialize until several months later.
For altcoins: Audiera’s BEAT token jumped 78% in the past 24 hours, while Siren (SIREN) rose 33%. Both are Web3 AI projects on the BNB Chain, though the exact catalysts driving their gains remain unclear.
Derivatives data shows Bitcoin futures open interest fell from a record high of 901,000 BTC four days ago to 716,000 BTC. This indicates last week’s
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A certain whale sells 9,781 ETH and submits an unstake request for 1,909 stETH
June 8 – Per Onchain Lens monitoring, a crypto whale sold 9,781 ETH at roughly $1,663 each, netting approximately $15.9 million in USDC plus 5,114 AAVE. The same address also filed an unstaking request for 1,909 stETH, worth around $1.67 million.
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