BlockBeats News, June 8th. The pre-market trading of the three major U.S. stock index futures rose on Monday, with Nasdaq 100 futures up 1.1%, S&P 500 index futures up 0.6%, and Dow futures up about 85 points. Earlier, due to profit-taking in chip stocks, the Nasdaq Composite Index plummeted 4.2% last Friday, marking the largest single-day decline since April 2025.

Chip stocks rebounded on Monday, with NAND chip manufacturer Micron Technology rising over 3% in pre-market trading after a 13% plunge last Friday; Nvidia and Broadcom also saw pre-market gains. The Philadelphia Semiconductor ETF (SOXX) rose 2.4% in early trading on Monday after a 10% freefall last Friday, marking the largest single-day drop in over six years.

Regarding the Middle East situation, Iran launched a missile attack on Sunday, sparking market concerns about the stability of the ceasefire agreement. The Israeli Defense Forces subsequently stated that they had launched a "widespread attack" on Iran's strategic defense systems. International oil prices briefly rose, with WTI crude oil surpassing $92 per barrel. However, prices retreated from the highs after U.S. President Trump stated that Israel and Iran are seeking an "immediate ceasefire."

The Asian markets were generally down, dragged by the Nasdaq's plunge last Friday. The South Korean Kospi fell over 8%, while the Japanese Nikkei 225 Index dropped 3.85%.

Callie Cox, Chief Market Strategist at Ritholtz Wealth Management, stated that the stock market may be becoming a victim of its own success. Despite improvements in the labor market, ongoing high inflation risks continue to worry the market. Growth stocks and momentum strategies have been overly strong since the March low, facing potential pullback pressure in a high-interest-rate, high-inflation environment.

This week, the market will also focus on U.S. inflation data and the IPO of SpaceX, owned by Musk, which took place on Friday. The IPO is expected to be one of the largest in Wall Street history, potentially serving as a critical point for testing AI valuation logic in the market. Cox mentioned that historically, mega IPOs often occur during periods of overheated market sentiment, so the market impact of SpaceX's listing is worth watching.