US S&P 500 rises as tech stocks rebound amid Iran-Israel ceasefire

On June 8, US equity markets recovered after a sharp sell‑off the previous week. The S&P 500 closed up 0.30% at 7,405.73 points, the Nasdaq Composite gained 0.86% to 25,929.66, while the Dow Jones Industrial Average slipped 0.16% to 50,786.01. Technology shares led the rally, with the S&P 500 tech segment up about 1.5% and the Philadelphia Semiconductor Index jumping 5.6%. Intel surged 11.2% after reports that Alphabet’s Google placed an order for more than 3 million tensor‑processing units (TPU) for 2028. Broadcom recovered, adding 2.8%, whereas Apple fell 1.9% despite announcing new AI features for Siri. Market sentiment was boosted by a cease‑fire declaration from Iran and Israel, following a US presidential appeal for an immediate halt to hostilities. The German‑language report adds that the S&P 500 traded between a low of 7,395.13 and a high of 7,466.81 on the day, with Cerebras Systems, Micron Technology and other chip‑related stocks among the top gainers.