By Stan Choe
Publication Date: 2026-06-08 19:20:00
Stan Choe
Wall Street is partially recovering from Friday’s selloff as stocks swept up by the artificial intelligence boom bounce back on Monday. Oil prices, meanwhile, rose after fighting between Israel and Iran, but are off their overnight highs.
The S&P 500 rose 0.7 percent, marking a 2.6 percent decline from Friday, its worst since October. The Dow Jones Industrial Average gained 7 points, or less than 0.1 percent, and the Nasdaq Composite was 1.3 percent higher.
The Australian stock market is set to rise in the first session of the week following the King’s Birthday holiday, with futures at 5am (AEST) pointing to a gain of 39 points, or 0.5 per cent, at the opening of trading. The Australian dollar was trading at $70.44.
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