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Today’s Stock Market

Eric Criscuolo
Market Strategist

June 9, 2026 at 9:00 a.m. EST

Good morning. It feels weird to work after a Knicks loss. Hasn’t happened in a long time. Yesterday tech bounced from its Friday selloff, led by semis, pushing the S&P 500 to a modest 0.3% gain. However sector breadth was poor with 8 sectors ending lower, though thematic, high beta names saw strength, driving outperformance in the small caps (Russell 2000 +0.8%). News flow around tech was robust and the ICE Semis Index rose 6%.

US futures are trading higher this morning along with global equities overall and are near best levels. Optimism around an Iran-US agreement, generally lower global yields and a step back in oil are helping equities. Tech is trading well in the pre-market (XLK +1%), following sharp gains in global players (Samsung +9%, Tokyo Electron +9%, SK Hynix +15%). OpenAI has filed confidentially for an IPO but added “it may be a while”.

As noted crude is lower this morning, unable to rally above its 50d ma so far as Iran deal optimism takes hold again. Gold and silver are relatively unchanged, with gold trading below its 200d ma and silver trying to hold on to it. Bitcoin and ETH are back to seeing selling pressure after yesterday’s short reprieve. Ag is trading higher.

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