Wall Street Claws Back Friday’s Losses | The Close 6/8/2026

Summary

Wall Street staged a rebound on Monday after Friday's steep selloff, led by a 6% surge in semiconductors. Guests discussed AI-driven earnings optimism, health care cost savings from AI, and opportunities in emerging markets. The show also covered Apple's WWDC announcements, the upcoming SpaceX IPO, and local events like the NBA Finals and World Cup.

• The S&P 500 rose 0.3%, recovering part of Friday’s 10% semiconductor rout.
• Seaport’s Jonathan Golub highlighted unprecedented semiconductor earnings growth and lower valuations as reasons to buy.
• Morgan Stanley’s Erin Wright sees significant AI-driven cost savings for UnitedHealth and the managed-care sector.
• Research Affiliates’ Jim Masturzo is bullish on emerging markets, citing broad-based outperformance beyond Asia.
• FuelCell Energy’s CEO discussed a growing pipeline for behind-the-meter data center power but missed earnings.
• Apple shares fell 1.9% after a lukewarm reception to its WWDC AI updates.
• The SpaceX IPO, expected to be the largest ever, was a key topic with Wellington’s Matthew Witheiler expressing optimism.
• The show also covered the New York Knicks’ NBA Finals game and preparations for the 2026 FIFA World Cup.