Public Markets 8 Hours

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

Energy & Commodities

Oil edged higher in early trade amid ongoing supply disruption concerns while gold held steady near $2,340/oz following the agreement between Israel and Iran to end missile strikes that had jeopardized Middle East peace talks. The commodities market found stability as both nations pledged to halt hostilities, with oil prices remaining consistent despite recent geopolitical tensions. Meanwhile, fertilizer prices in the US have dropped to levels last seen before the Iran conflict, giving up all gains as the conflict's impact on global supply chains for crop nutrients diminishes. In the metals sector, Vale SA, the world's top iron ore producer, reported robust demand with no evidence of war-related demand destruction in global metals markets, while Mercuria Energy Group enjoyed an 88% jump in first-half profit as the Hormuz crisis creates opportunities for commodity traders.

Geopolitics & Policy

Govern. Mikie Sherrill of New Jersey revealed restrictions during her visit to an ICE detention facility, stating she was not allowed to speak with immigrants at the Delaney Hall center, while President Trump renewed efforts to cast doubt on California election outcomes without evidence of widespread fraud in the mail ballot counting process. The Trump administration's controversial H-1B visa fee requiring $100,000 charges was blocked by a judge who ruled the policy was an unauthorized tax, ordering it suspended. On the international stage, Vice President JD Vance faced criticism from British officials after blaming a migrant "invasion" for a UK stabbing incident, while the administration also sought to revoke U.S. citizenship from 17 immigrants in its latest targeting of the legal immigration system. Meanwhile, security intensified around MSG with President Trump and Mayor Zohran Mamdani attending Monday night's Knicks game, causing block closures in Midtown Manhattan.

Technology & IPOs

OpenAI filed for a highly anticipated IPO expected to value the Chat GPT creator at more than $1 trillion, joining artificial intelligence rivals