New York, June 9, 2026 – U.S. stock futures advanced Tuesday morning, led by a rebound in technology shares, as traders positioned ahead of a critical inflation report that could determine the near-term direction of monetary policy.
Nasdaq 100 futures climbed 0.76%, while S&P 500 futures added 0.44% and Dow Jones Industrial Average futures rose 120 points, or 0.24%. Small-cap stocks also participated, with Russell 2000 futures up 0.88%, according to delayed data.
The bounce follows a sharp sell-off last week that erased roughly $1 trillion in value from semiconductor stocks on Friday, according to Reuters. The Philadelphia SE Semiconductor Index surged 5.6% on Monday, helping the Nasdaq Composite close 0.86% higher. The S&P 500 gained 0.3%, while the Dow slipped 0.16%.
“Today looks like a day where investors are doing a little bit of bargain hunting,” said Rick Meckler, partner at Cherry Lane Investments, as quoted by Reuters. Attention is focused on major tech names including Apple (AAPL), Nvidia (NVDA), and Oracle (ORCL), as well as AI-related listings that have drawn renewed interest.
Apple shares fell 1.9% to $301.54 after the company unveiled its long-awaited Siri AI overhaul at its developer conference. Analysts offered mixed reactions: Bob O’Donnell of TECHnalysis Research called it “AI for the masses,” while Craig Moffett of MoffettNathanson described the news as less than “earth-shaking.” Paolo Pescatore of PP Foresight noted an “inevitable tension between convenience and privacy.”
The AI sector remains a key competitive battleground. OpenAI announced Monday it had confidentially filed for a U.S. IPO, with reports suggesting a potential market cap as high as $1 trillion. Anthropic and SpaceX also have IPO plans underway. “Wall Street bankers and CEOs are beside themselves with excitement,” said Kathleen Brooks, research director at XTB, while acknowledging a note of caution in the market.
Investors are now turning their attention to the May Consumer Price Index (CPI), due Wednesday at 8:30 a.m. ET, followed by the Producer Price Index (PPI) on Thursday. A hotter-than-expected reading could revive fears of rate hikes, putting pressure on high-valuation tech stocks. Treasury yields have already begun to adjust, with fed funds futures pricing in a 70% probability of a rate hike by December, according to Reuters.
“I don’t think the Fed is there yet,” said Kevin Flanagan, head of investment strategy at WisdomTree, as quoted by Reuters. He emphasized the need for more jobs and CPI data before the central bank returns to “rate hike mode.”
Oil prices also remain a wild card, with potential supply disruptions in the Middle East adding to inflationary pressures. The New York Fed’s survey showed year-ahead inflation expectations eased to 3.5% in May from 3.6% in April, but consumers expressed greater concern about their financial outlook. Cleveland Fed President Beth Hammack noted that a shift in expectations away from the 2% target would be a red flag, but added, “I’m not seeing signs of that right now.”
Oracle’s earnings report on Wednesday will serve as the next key test for AI-related cloud demand. With the market in a tentative recovery mode, traders are watching closely for any signs that the recent tech slide was merely a reset rather than the start of a deeper correction.
