Market Report, 2026-06-08

This new week started on a positive note after Friday’s significant selloff. Most major U.S. stock indices ended Monday higher, with the exception of the Dow Jones Industrial Average, which posted a modest loss of 81 points to 50,786. The NASDAQ, a tech-heavy index, rose 0.86% to 25,930, while the S&P 500 edged up 0.3% to 7,406. Technology stocks led the rally due to renewed enthusiasm surrounding AI, while energy stocks also advanced as geopolitical uncertainty continued.

Today’s gains could largely be attributed to AI-related stocks. Chipmakers, particularly those involved in the memory market, posted nearly double-digit gains in a single day, with the Semiconductor Index rising more than 4%. Investors likely viewed Friday’s selloff as an overreaction, especially for companies tied to the AI sector, which continues to be seen as a source of generational technological advancement.

Interest rates moved slightly higher, with the 5-year Treasury yield rising 1 basis point to 4.29% and the 10-year Treasury yield increasing 3 basis points to 4.56%.

Aside from a renewed wave of attacks between Iran and Israel over the weekend, along with pledges to end those attacks today, there have been no significant updates regarding the situation.

Looking at developments relevant to AI, technology startup valuations have declined significantly due to concerns surrounding AI, particularly among software companies. AI’s growing capabilities in rule-based and text-intensive tasks have made the software industry especially vulnerable.

Looking ahead, the Small Business Optimism Index, existing home sales data, trade balance, and wholesale inventories reports will be released tomorrow. Adams Wealth Advisors will continue to provide updates.