Nasdaq Leads Tech Rally as S&P 500 Hits Fresh Record; Dollar Strengthens
· Market News · MarketsFN Team
Nasdaq Soars 1.6% on Chip Rebound, S&P 500 Extends Gains to 7,405
Tech stocks powered markets higher Monday as the Nasdaq 100 surged 1.58% to 29,414.26, lifting the S&P 500 to a new closing record of 7,405.73 (+0.30%). The rally came despite geopolitical tensions easing after Iran signaled a halt to strikes on Israel.
🇺🇸 US Session Overview
The Nasdaq 100 outperformed with semiconductors leading gains, likely fueled by optimism from Apple's AI announcements at WWDC and Bernstein's bullish quantum computing note. The S&P 500 edged up 0.30% despite energy sector weakness, while the Dow Jones dipped 0.16% to 50,786.01 as industrials lagged. Small caps joined the rally, with the Russell 2000 climbing 0.77% to 2,855.42.
📅 Economic Calendar Highlights
German factory orders disappointed at -3.8% MoM (vs. -2.2% expected), weighing on the euro. The NY Fed's 1-year inflation expectations dipped slightly to 3.5% from 3.6%, offering modest relief to Fed watchers. Tuesday brings US consumer credit data and JOLTS job openings.
📋 Earnings Spotlight
No major earnings movers today, though VinFast Auto (VFS) and Campbell Soup (CPB) were among companies reporting pre-market. Attention turns to Oracle and Casey's General Stores tomorrow.
💱 FX & Commodities
The DXY gained traction as the euro (EUR/USD -0.62%) and pound (GBP/USD -0.63%) slumped. Gold inched up 0.38% to $4,353.70 despite dollar strength, while oil rallied (WTI +0.81%, Brent +1.19%) on China demand hopes. Bitcoin edged up 0.71% to $63,688.88 amid FTX pardon speculation.
Asian markets open Tuesday with focus on Japan's GDP revision and Australia's business confidence data. The S&P 500's record run faces a test from upcoming Fed speakers and Thursday's CPI print.
🇺🇸 US Indices — Session Close
| Index | Price | Change | Change % |
|---|---|---|---|
| S&P 500 | 7,405.73 | ▲ +21.99 | ▲ +0.30% |
| Nasdaq 100 | 29,414.26 | ▲ +456.66 | ▲ +1.58% |
| Dow Jones | 50,786.01 | ▼ -80.77 | ▼ -0.16% |
| Russell 2000 | 2,855.42 | ▲ +21.92 | ▲ +0.77% |
💱 FX Majors
| Pair | Rate | Change % |
|---|---|---|
| EUR/USD | 1.1541 | ▼ -0.62% |
| GBP/USD | 1.3342 | ▼ -0.63% |
| USD/JPY | 160.1 | ▲ +0.07% |
| AUD/USD | 0.7047 | ▼ -1.20% |
| USD/CHF | 0.7972 | ▲ +1.05% |
🛢️ Commodities & Crypto
| Asset | Price (USD) | Change % |
|---|---|---|
| Gold (XAU/USD) | 4,353.70 | ▲ +0.38% |
| Silver (XAG/USD) | 68.32 | ▼ -0.90% |
| Crude Oil (WTI) | 91.27 | ▲ +0.81% |
| Brent Oil | 94.20 | ▲ +1.19% |
| Natural Gas | 3.14 | ▼ -2.63% |
| Bitcoin | 63,688.88 | ▲ +0.71% |
| Ethereum | 1,706.17 | ▲ +1.17% |
📋 Today's Earnings
| Ticker | Company | Timing | Market Cap |
|---|---|---|---|
| ALOT | AstroNova Inc | BMO | 121180000.0 |
| CPB | Campbells Co | BMO | 6410000000.0 |
| DLTH | Duluth Holdings Inc | BMO | 164340000.0 |
| FCEL | Fuelcell Energy Inc | BMO | 821160000.0 |
| GHM | Graham Corp | BMO | 1110000000.0 |
| GMHS | Gamehaus Holdings Inc | BMO | 56360000.0 |
| MPAA | Motorcar Parts of America Inc | BMO | 273750000.0 |
| OCC | Optical Cable Corp | BMO | 167800000.0 |
| SPTX | Seaport Therapeutics Inc | BMO | 859050000.0 |
| VFS | VinFast Auto Ltd | BMO | 7140000000.0 |
| AVO | Mission Produce Inc | AMC | 893500000.0 |
| GLOO | Gloo Holdings Inc | AMC | 418630000.0 |
| MAMA | Mama's Creations Inc | AMC | 618750000.0 |
| MTN | Vail Resorts Inc | AMC | 4890000000.0 |
| ODC | Oil-Dri Corp Of America | AMC | 1130000000.0 |
| ZEPP | Zepp Health Corp ADR | AMC | 52410000.0 |
📅 Economic Calendar
All times in UTC — Actual highlighted where available
| Time | Currency | Event | Imp. | Actual | Forecast | Previous |
|---|---|---|---|---|---|---|
| 06:00 | EUR | German Factory Orders (MoM) (Apr) | 🟡🟡 | -3.8% | -2.2% | 4.5% |
| 15:00 | USD | NY Fed 1-Year Consumer Inflation Expectations (May) | 🟡🟡 | 3.5% | 3.6% | |
| 07:00 | EUR | German Buba Balz Speaks | 🟡🟡 | — | ||
| 23:01 | GBP | BRC Retail Sales Monitor (YoY) (May) | 🟡🟡 | — | 0.6% | -3.4% |
Report published: June 08, 2026 — 23:08 CET
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