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The stock market managed to claw back some ground on Monday, with technology shares leading the rebound after last week's sharp selloff. The Nasdaq rose 221 points, or 0.9%, to close at 25,930, while the S&P 500 gained 22 points, or 0.3%, to finish at 7,406. The Dow Jones Industrial Average lagged behind, slipping 81 points, or 0.2%, to 50,786.

Chipmakers helped drive the recovery, with investors snapping up shares of Nvidia, Micron Technology, and Marvell Technology after Friday's bruising session that saw the Nasdaq tumble 4%. The bounce in semiconductor stocks provided a lift to the broader tech sector and helped steady market sentiment.

Investors continue to reassess the outlook for Federal Reserve policy following last week's stronger-than-expected U.S. jobs report, which revived concerns that interest rate hikes could still be on the table later this year. Attention now turns to Wednesday's Consumer Price Index report, a key inflation reading that could influence expectations for the Fed's next move.

LENZ Therapeutics said Everest Medicines has acquired rights to develop and commercialize its presbyopia treatment VIZZ (LNZ100) in Greater China, where regulatory approval is expected in early 2027.

Ocean Power Technologies Inc (NYSE-A:OPTT) reported successful power generation from its MERROWS-equipped PowerBuoy off the coast of San Diego, producing nearly 0.5MWh of electricity while supporting U.S. Coast Guard operations.

American Resources Corp (NASDAQ:AREC) said its affiliated company ReElement Technologies will participate in the U.S. Chamber of Commerce's Critical Minerals Summit, where executives will discuss the sector and meet with stakeholders.

EnWave Corp (TSX-V:ENW, OTC:NWVCF, FRA:E4U) signed an evaluation and license option agreement with Swiss Cannabis Selection to assess its dehydration technology for potential use in cannabinoid and botanical products.

Reconnaissance Energy Africa Ltd (TSX-V:RECO, OTCQX:RECAF, FRA:0XD) and its partners have begun production testing at Namibia's Kavango West 1X well, marking the country's first cased production test and evaluating six hydrocarbon-bearing zones.

Thistle Resources (TSX-V:TRCG, OTC:TRCGF) has started trading on the OTC Pink Market under the symbol TRCGF as it awaits approval to move to the OTCQB Venture Market.

Medicus Pharma (NASDAQ:MDCX) filed a substantial modification application in the European Union to advance a Phase 2b trial of its prostate cancer treatment Teverelix targeting patients with elevated cardiovascular risk.

Grey Matters Health (CSE:GREY, OTCQB:AGNPD, FRA:AGW0) closed the first tranche of a private placement, raising C$500,000 through the sale of units, with company insiders contributing C$184,000 of the financing.

Cerebras Systems shares surged about 23% after multiple brokerages initiated coverage following the end of its IPO quiet period, expressing confidence in the company's wafer-scale AI chip architecture and setting price targets ranging from $250 to $300.

Zevra Therapeutics announced it has submitted a patent for its MIPLYFFA treatment to the FDA's Orange Book, seeking intellectual property protection for the drug through 2041.

Duluth Holdings reported improved profitability, with net income rising by $5.2 million and adjusted EBITDA increasing by $6.4 million compared with the same period last year.

SUNation Energy agreed to merge with solar cell manufacturer Suniva in a reverse merger that will allow Suniva to access public markets while retaining SUNation's Nasdaq listing.

Ocean Power Technologies Inc (NYSE-A:OPTT) said its MERROWS-equipped PowerBuoy deployed off San Diego has successfully generated nearly 0.5MWh of electricity while supporting U.S. Coast Guard maritime awareness operations.

American Resources Corp (NASDAQ:AREC) said its affiliated company ReElement Technologies has been invited to present at the U.S. Chamber of Commerce's Critical Minerals Summit in Washington on June 11.

Marvell Technology Inc (NASDAQ:MRVL) shares jumped 10% after the chipmaker was selected for inclusion in the S&P 500 index as part of the benchmark's latest quarterly rebalancing.

Marvell Technology Inc (NASDAQ:MRVL) shares jumped nearly 14% by Monday afternoon after it was confirmed that the stocks will be added to the S&P 500 index.

The shares had been up in afterhours trade Friday following the announcement of its upcoming inclusion in the benchmark S&P Dow Jones Indices as part of its quarterly reshuffle.

Since the start of the year, the semiconductor stock has rocketed over 230%, soaring over 450% over the past five years.

Earlier in the week, the share price was given a boost by a public declaration by Nvidia CEO Jensen Huang that Marvell could be "the next trillion-dollar company".

Federal Reserve communications have leaned modestly more hawkish, according to Deutsche Bank, as more policymakers highlight inflation risks and the potential need for further tightening. The bank notes officials including Hammack, Logan and Schmid have warned that policy may not be restrictive enough, with some suggesting rate hikes could be needed if inflation fails to improve.

Even centrist voices like Daly have shifted focus toward inflation, while NY Fed’s Williams maintains a more patient stance, seeing no immediate need for policy changes.

Deutsche Bank said the balance of risks is tilting away from labor market concerns toward inflation, raising the possibility that the Fed could eventually reverse its “insurance” posture and resume tightening if price pressures persist.

Wall Street faces a pivotal week after a sharp tech-led selloff sparked by stronger-than-expected U.S. jobs data and rising expectations for higher interest rates.

Investors will closely watch Wednesday's Consumer Price Index and Thursday's Producer Price Index reports for clues on inflation and Federal Reserve policy. Apple's Worldwide Developers Conference could move shares as the company unveils AI-related updates, while SpaceX is expected to debut in one of the largest IPOs ever.

Earnings from Oracle, Adobe and Lennar will provide insight into technology and housing trends, while investors assess whether last week's market pullback signals a broader shift away from growth stocks.

Today, any close followers of Apple will tell you it is WWDC day.

The iPhone maker kicks off its annual worldwide developers conference in Cupertino with Wall Street expecting the company to lay out an ambitious AI strategy anchored by a significantly upgraded Siri and deeper integration across its software platforms.

It is widely seen as a pivotal moment for Apple, which has faced mounting pressure to demonstrate it can compete in the rapidly evolving artificial intelligence landscape.

Analysts at both Bank of America and Wedbush have said in recent days that WWDC will signal whether Apple can translate its hardware installed base, silicon roadmap and App Store distribution into a defensible agentic AI platform.

US tech stocks have led a Wall Street rebound in early Monday trading, with a sharp recovery in semiconductor names the key after they had been to the fore in Friday's heavy sell-off.

The Nasdaq leapt 1.5% initially before this gain softened to 0.9%, while the S&P 500 has gained 0.6% and the Dow Jones 0.3%.

Chipmakers were at the forefront of the rally. Micron Technology and Intel both surged around 10%, while Marvell Technology also gained 10% on news it will join the S&P 500 index.

Applied Materials, Lam Research, KLA and ASML all rose between 5% and 6%.

US technology stocks have been tipped to lead a Wall Street rebound on Monday, reversing some of the sharp sell-off from the end of last week that brought the S&P 500's nine-week winning streak to an abrupt end.

New York equity futures pointed higher ahead of the opening bell at the start of the week, with Nasdaq futures up 1.2%, while those for the S&P 500 gained 0.6% and Dow Jones 0.2%.

A spike in oil prices eased after Iran signalled it had completed its latest round of retaliatory strikes against Israel, with US benchmark WTI crude, which climbed as high as $95 a barrel overnight from below $90 on Friday, retreated to just above $91.

Investors are attempting to stabilise nerves after Friday's rout, which saw the Nasdaq tumble 4.2% to close at 25,709, its biggest one-day fall in a year and seemed to end a remarkable run. The S&P dropped 2.6% to 7,384 and the Dow Jones fell 695 points or 1.4% to finish at 50,867.

Asian markets fell sharply on Monday as investors caught up on the shifting mood on Wall Street, with South Korea's Kospi leading losses as it plunged 8.3%, while Japan's Nikkei dropped 3.9% and Hong Kong's Hang Seng fell 1.2%.

The sell-off in New York and Asia was driven by a combination of concerns over stretched AI-related valuations and a sharp reassessment of Federal Reserve policy following stronger-than-expected US jobs data.

The non-farm payrolls report prompted traders to scale back expectations for interest rate cuts and even price in a growing possibility of a rate increase later this year.

Attention also remains fixed on the Middle East, where hostilities resumed as Israel launched airstrikes on targets in Iran, despite reported efforts by Donald Trump to dissuade Benjamin Netanyahu from retaliating.

The strikes marked the first direct military exchange between Israel and Iran since an April ceasefire, raising fears of a renewed regional conflict.

But investors took some comfort from reports that both sides may be seeking to avoid a broader regional conflict, helping oil prices retreat from their overnight highs.

Gold earlier fell below $4,300 an ounce for the first time since December, while the US dollar index traded above 100 again for the first time since April, and Bitcoin bounced back above $63K after dropping to an October 2024 low at the end of last week.

Analyst Daniela Hathorn at Capital.com said markets were "finally showing signs of two-way price action after weeks of relentless gains", with higher bond yields, firmer inflation expectations and renewed geopolitical uncertainty forcing investors to reassess valuations.

While that "does not necessarily mean the bull market is over", she cautioned that after such a powerful rally, "good news is no longer enough on its own".

Later this week sees the release of key US CPI and PPI inflation reports, while the week is due to end with the SpaceX IPO.