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Stocks•9 June 2026•

1 min read

US Tech Futures Rebound as Oil Prices Slide on Geopolitical Optimism

Key Facts

1Nasdaq 100 futures rose 0.8% driven by gains in semiconductor firms like Micron and Marvell.

2Brent crude fell 2.1% amid optimism over a US-Iran framework deal and declining Chinese imports.

3South Korea's Kospi index surged 8.2% led by technology stocks.

Reflecting a renewed appetite for risk within the AI sector, Nasdaq 100 futures rose 0.8% driven by significant gains in semiconductor firms such as Micron and Marvell. According to reports, South Korea's Kospi index surged 8.2% led by technology stocks, while Brent crude prices dropped 2.1% amid optimism regarding a potential framework deal between the US and Iran alongside declining Chinese imports.

This rebound comes at a critical juncture for the chip sector, as market data showed positive trading for majors like NVDA, which closed at $204.87, and MU, which reached $995.87 on June 11, 2026. Compared to peers, AMD was priced at $488.45 while TSM stood at $421.07 per market data, reinforcing expectations of continued momentum in the semiconductor industry which has recently benefited from lower energy costs.

Traders should watch price levels for TSLA, which closed at $399.15, and AAPL at $295.63 (as of June 11, 2026 close) to gauge the sustainability of this rally. Looking ahead at the economic calendar, the market awaits official updates on Iran negotiations and continues to weigh the impact of recent US labor data, specifically the unemployment rate which held at 4.3% in the latest release.