Public Markets 8 Hours

Last updated: June 8, 2026, 5:33 PM ET

Technology & Markets

Apple's AI-powered Siri upgrade helped drive a broad market rebound as chip stocks led gains, with the technology sector recovering from last week's slump. The iPhone maker's new artificial intelligence features, revealed at its developer conference, come as Tim Cook prepares to step down as chief executive, marking a pivotal moment for the company's AI strategy. Meanwhile, US stocks advanced on Monday as traders assessed the impact of flaring tensions in the Middle East, which supported oil prices and boosted energy sector stocks. Chipmakers headed for their best session in a year, suggesting investors are rotating into technology names following recent geopolitical uncertainty.

Energy & Commodities

Oil prices trimmed gains after Iran announced an end to military operations against Israel, easing fears that the latest exchange of fire would disrupt regional supply chains. The news came as investors fled from bearish oil funds at a record pace last week, with several buffers that had helped keep rallies in check beginning to fade. Meanwhile, the world's shipowners placed orders for a record number of new oil supertankers, surpassing the boom seen in 2008 that ultimately led to market glut. In the fertilizer market, prices dropped to levels not seen since before the Iran war, giving up gains as the conflict upended global supply chains. G7 nations are now seeking joint action to protect farmers and bolster food security as the war disrupts fertilizer supplies.

Financial Markets & IPO Pipeline

Wall Street's wealthiest clients are receiving velvet rope access to SpaceX's initial public offering, which is said to be well oversubscribed as demand builds for a potentially record-setting debut. In the broader IPO market, rapid-commerce firm Zepto filed for an updated draft prospectus for an initial public offering targeting a $1 billion valuation, while Europe's upcoming listings are expected to focus on companies benefiting from higher defense spending. In debt markets, JPMorgan shopped 15% yield debt for Sable Offshore