By Stan Choe
Publication Date: 2026-06-08 19:20:00
Stan Choe
Updated ,published for the first time
Wall Street remained steadier, partially recovering from last week’s selloff, as stocks rebounded on the artificial intelligence boom. Oil prices, meanwhile, rose after the fighting between Israel and Iran, but gave up their biggest gains.
The S&P 500 gained 0.3 percent, marking a 2.6 percent decline from Friday, its worst since October. The Dow Jones Industrial Average fell 80 points, or 0.2 percent, and the Nasdaq Composite rose 0.9 percent.
The Australian stock market is set to rise in its first session of the week after the King’s Birthday holiday, with futures at 6:08 a.m. AEST pointing to a gain of 29 points, or 0.3 percent, at the open. The Australian dollar was trading at $70.44.
OpenAI, the maker of…