--- title: "Stock Market Today: SPY, QQQ Rebound as Israel and Iran Halt Strikes; Oil Edges Higher" type: "News" locale: "en" url: "https://longbridge.com/en/news/289100316.md" description: "SPY and QQQ rebounded as Israel and Iran halted strikes, though tensions persist. Citi raised its S&P 500 year-end target to 8,100, while JPMorgan adopted a tactically cautious outlook. Brent crude rose 1% amid Strait of Hormuz disruptions. Intel surged on Alphabet's TPU order; Amazon partnered with Corning for data center fiber. Apple fell post-WWDC, while Tesla gained after filing for an autonomous vehicle permit in Nevada." datetime: "2026-06-08T20:23:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/289100316.md) - [en](https://longbridge.com/en/news/289100316.md) - [zh-HK](https://longbridge.com/zh-HK/news/289100316.md) --- # Stock Market Today: SPY, QQQ Rebound as Israel and Iran Halt Strikes; Oil Edges Higher Both the S&P 500 ETF (SPY) and the Nasdaq 100 ETF (QQQ) closed higher on Monday, staging a partial recovery from Friday's steep selloff. ### Introducing TipRanks MCP for Agents - Deliver institutional-grade market data directly into Claude, ChatGPT, Cursor, and other MCP-compatible AI tools. - Designed for personal research, portfolio monitoring, and AI-assisted investment workflows. ## **News That Moved the Stock Market Today** - Israel and Iran agreed to halt attacks against each other after tensions escalated over the weekend. - However, Israel said it would continue to target Southern Lebanon, a move Iran warned could trigger renewed strikes on Israel. - Citi (C) raised its 2026 year-end S&P 500 (SPX) price target to 8,100 from 7,700, citing earnings momentum and AI investments. - JPMorgan (JPM) head of global market intelligence Andrew Tyler cautioned that the market could face an "imminent pullback," while the firm's trading desk downgraded its near-term stock market outlook to "tactically cautious" from "bullish." - Brent crude oil (BZ) rose 1% as the U.S.-Iran war approaches its 100th day as the Strait of Hormuz continues to operate at a near standstill. - Intel (INTC) surged following reports that Alphabet (GOOGL) had placed an order for three million tensor processing units (TPUs) starting in 2028. - Amazon (AMZN) announced a multi-billion dollar collaboration with Corning (GLW) to purchase its optical fiber for use in data centers. - Apple (AAPL) fell after the tech giant held its 2026 WWDC conference, sharing updates on iOS 27, Siri, and Apple Intelligence. - Tesla (TSLA) closed in the green after the company filed for an Autonomous Vehicle Network Company permit in Nevada. ### Related Stocks - 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