Wall Street futures trade mixed today: 5 things to know before market opens

• Chip stocks including Nvidia, Broadcom, and Micron gained 1.5% to 3.9% in premarket trading after Friday's AI sector rout wiped out $1 trillion in market value
• Oil jumped over 4% following Israeli strikes on Iran and Lebanon, pressuring airline stocks down ~2.4% premarket due to rising fuel costs and inflation concerns
• Interest-rate futures now imply 42% probability of a 25 basis point Fed rate hike in December following stronger-than-expected May payrolls data

Summary

Market Overview:

US stock futures traded mixed on Monday, June 8, 2026, as chip stocks attempted recovery from Friday's historic selloff while rising oil prices and geopolitical tensions tempered investor optimism. S&P 500 and Nasdaq 100 futures gained 0.40% and 0.75% respectively, while Dow futures declined 18 points.

Key Developments:

Semiconductor Rebound: Chipmakers showed early strength after suffering a $1 trillion sector wipeout on Friday. Nvidia, Broadcom, and Micron Technology rose 1.5%-3.9% in premarket trading, recovering from Friday's rout triggered by disappointing Broadcom results and concerns over stretched AI valuations.

Rate Hike Concerns: Strong May payroll data revived Federal Reserve tightening fears, with interest-rate futures indicating a 42% probability of a 25-basis-point rate hike in December. Higher rates particularly pressure long-duration growth stocks, including AI and semiconductor names.

Oil Surge: Crude oil climbed above $95 per barrel (up 4%) following renewed Israeli strikes on Iran and attacks in Lebanon, raising inflation concerns and fuel costs. Airlines suffered, with Southwest and Delta down approximately 2.4% premarket.

Individual Movers: Marvell Technology surged 6.6% ahead of its S&P 500 inclusion on June 22, while Eli Lilly gained 4.1% after positive trial results for its obesity drug retatrutide showed improvements in sleep apnea, weight loss, and knee pain.

Market Implications:

The cautious recovery reflects ongoing investor concerns about elevated valuations, geopolitical risks, persistent inflation from energy prices, and potential further Fed tightening—challenging the bullish narrative that supported equities earlier in 2026.