US Pre-Market June 8, 2026: Chip Stocks Bounce After Friday's Jobs-Driven Rout; Marvell Jumps on S&P 500 Entry

Sentiment: mixed S&P 500 futures: +0.77% | Nasdaq 100 futures: +1.43%

S&P 500 futures sit 0.77% higher and Nasdaq 100 futures 1.43% higher on Monday June 8, 2026, as the semiconductors that led Friday's rout pace an early rebound, after the S&P 500 closed Friday at 7,383.74 (down 2.64%) and the Nasdaq fell 4.18% to 25,709.43 on a hot May jobs report and a double-digit drop in the chip group. MRVL.US trades 8.82% higher at $286.70 in pre-market after confirmation it joins the S&P 500 on June 22, recovering part of Friday's 16.74% slide. The bounce sits against a brutal Asian session, where South Korea's KOSPI fell 8.29% and the Nikkei 225 lost 3.85%, catching down to Friday's Wall Street rout amid an Israel-Iran escalation.

What drove the overnight session

The S&P 500 fell 2.64% on Friday June 5, 2026, driven by a hot May jobs report and a 10%-plus selloff in semiconductors, and Monday's pre-market reverses part of the chip leg.

• May jobs report: nonfarm payrolls rose 172,000 in May against an 80,000 consensus, with unemployment at 4.3% and average hourly earnings up 0.3% on the month. The beat, plus 93,000 in upward revisions to March and April, pushed the 10-year Treasury yield to 4.54% and revived bets on a Federal Reserve rate hike this year, which hit long-duration technology hardest.
• Semiconductor selloff: the chip group shed more than 10% on Friday, its worst session since April 2025, after Broadcom AVGO.US left its AI-chip outlook unchanged on Wednesday night. MRVL.US fell 16.74%, MU.US 13.25%, ARM.US 12.84% and AMD.US 10.86% into the close.
• Monday stabilization: Nasdaq 100 futures sit 1.43% higher as those same names rebound, and the VIX eased to 18.83 from Friday's 21.51 close.
• Israel-Iran escalation: Israel struck three Iranian cities on Monday, lifting Brent crude 1.56% to $94.54 and WTI 1.19% to $91.62, while gold slipped 0.26% to $4,354.

Overnight Wall Street (Friday close)

The Nasdaq Composite closed Friday June 5 at 25,709.43, down 4.18%, its steepest one-day drop since April 2025.

• S&P 500: 7,383.74 (-2.64%)
• Nasdaq Composite: 25,709.43 (-4.18%)
• Dow Jones Industrial Average: 50,866.78 (-1.35%)
• Russell 2000: 2,833.50 (-3.47%)
• VIX: 21.51 Friday close, 18.83 in Monday trade

The gap between the Dow's 1.35% loss and the Nasdaq's 4.18% drop shows where the damage landed: rate-sensitive growth and the chip group, not the broad market. The Russell 2000's 3.47% fall signals the rate-hike repricing reached small caps as well.

Pre-market movers

MRVL.US trades 8.82% higher at $286.70 in Monday pre-market after confirmation it joins the S&P 500 on June 22.

• MRVL.US +8.82% to $286.70 on its addition to the S&P 500, effective June 22, after a 16.74% fall on Friday.
• MU.US +7.43% and SMCI.US +6.89% lead the memory and AI-server rebound, recovering from Friday losses of 13.25% and 11.22%.
• FLEX.US +4.77%, AMD.US +3.99% and AVGO.US +3.39% extend the recovery across contract manufacturing, processors and the stock that began the selloff.
• 2.58% in NVDA.US is the lightest of the chip bounces, following a smaller 6.20% drop on Friday.
• ROIV.US -3.78%, the only large pre-market decliner of note.

Overnight Asia and Europe

South Korea's KOSPI closed Monday June 8 down 8.29% at 7,484.41, the sharpest fall in a regional selloff led by chip-heavy markets.

• KOSPI: 7,484.41 (-8.29%)
• Nikkei 225: 64,024.60 (-3.85%)
• Taiwan TAIEX: 43,502.78 (-3.48%)
• Hang Seng: 24,657.06 (-1.22%)
• Shanghai Composite: 3,959.34 (-1.70%)
• STOXX 600: 622.25 (-0.07%)
• DAX: 24,682.98 (-0.31%)
• FTSE 100: 10,376.47 (+0.08%)

Korea and Taiwan, home to the largest memory makers and foundries, took the brunt as Friday's chip rout met the Israel-Iran escalation. Europe held far steadier in mid-session trade: the STOXX 600 sat 0.07% lower and the FTSE 100 0.08% higher, a lighter technology weighting cushioning the region.

Economic calendar this week (ET)

The Federal Reserve entered its pre-FOMC blackout on June 6, 2026, so no policymakers speak this week ahead of the June 17 rate decision.

• Monday June 8: a quiet data session, with the week back-loaded to Wednesday's inflation print.
• Wednesday June 10, 8:30am ET: May CPI, the pivotal release for the rate-hike debate.
• Thursday June 11, 8:30am ET: May PPI.
• Wednesday June 17, 2:00pm ET: FOMC rate decision, the close of the June 16 to 17 meeting.

What to watch

The 10-year Treasury yield sits at 4.54% after Friday's jobs report, up from 4.48% before the release.

• 4.54% on the 10-year yield is the level that frames Wednesday's CPI: how it moves around the print sets the tone for the rate-hike question into the June 17 FOMC.
• Nasdaq 100 futures up 1.43% against Asia's sharp close leaves an open question of whether the chip rebound holds through the 9:30am ET cash open.
• Brent crude at $94.54 after a 1.56% rise keeps energy tied to the Israel-Iran escalation as the main swing factor.

Context only. Not financial advice. Track your own trades with Swingfolio.