Stock Market Live June 9, 2026: S&P 500 (SPY) Bouncing Back with Tech

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Bank of America Reiterated Buy Rating on Oracle

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Bank of America just reiterated a buy on Oracle (NYSE: ORCL) ahead of Wednesday’s earnings. “We reiterate our Buy rating and raise our PO to $240 from $200, based on 26.5x our CY27E P/E estimates vs 22x prior, as underlying demand trends remain robust across both cloud infrastructure and database workloads.”

As oil pulls back, and as tech stocks continue to push higher, the major indices are in the green again. At the moment, the S&P 500 is up 0.64%, or by 47 points. The SPDR S&P 500 ETF (SPY) is up by $4.83 at $744. The Dow is up by 0.66%, or by 336 points. The Nasdaq is up by 0.64%, or by 160 points. Oil is down by $2.44 at $89.01. Bitcoin is down by $664 at $62,398.

Fueling upside, President Trump said a deal could be reached with Iran in the next two or three days. In fact, Trump said that the two parties are in the final stages of a “very, very good deal that will not in any way allow nuclear weapons,” as quoted by CNBC.

In addition, Iran halted military strikes on Israel, but warned it would resume attacks if Israel continues operations in Lebanon. However, Israeli Prime Minister Benjamin Netanyahu said the conflict with Iran and Hezbollah was “not yet over.”

OpenAI Just Filed for an IPO

While it hasn’t decided on timing just yet, OpenAI has confidentially filed for an IPO, setting it up for what may be the most highly anticipated market debut in recent history. The decision comes just after OpenAI’s chief rival Anthropic announced plans to go public and ahead of SpaceX’s planned Friday debut.

As noted by CNN, “OpenAI was last valued at $852 billion after raising $122 billion in March, but it’s faced pressure to demonstrate it can generate the cash to match that valuation.”

While there are no dates for when the IPO could happen, investors can still get a jump on potentially profiting from it, using exchange-traded funds (ETFs) such as:

The First Trust US Equity Opportunities ETF 

With an expense ratio of 0.61%, the First Trust US Equity Opportunities ETF (NYSEARCA: FPX) tracks hot IPOs, giving investors access to new stocks during their initial, most crucial days on the market. By buying it, not only can you avoid paying gobs of money for IPOs that may or may not work out, but you’re also being exposed to multiple hot IPOs at the same time at a lesser cost.

Even with its share of high-profile IPO disappointments, FPX has delivered strong long-term gains, climbing from around $11 in 2009 to recent highs near $190. Whether individual IPOs succeed or fail, the overall excitement and capital inflows into the IPO market tend to support the ETF over time.

There’s also the Renaissance IPO ETF 

With an expense ratio of 0.6%, the Renaissance IPO ETF (NYSEARCA: IPO) provides “investors with the largest, most liquid US-listed newly public company stocks in one security, reducing the risk of single-stock ownership while avoiding overlap with major core indices for optimal diversification across markets and time,” as noted by Renaissance Capital.

Market Movers: JPMorgan Reiterates Nvidia as Overweight 

Analysts at JPMorgan just reiterated an overweight rating on Nvidia (NASDAQ: NVDA | NVDA Price Prediction). The firm noted that it’s bullish on the partnership between NVDA and SK Hynix. “We believe the multi-year partnership implies extended demand visibility and highlights that this also acts in favor of other existing memory makers, given the likely limited supply,” as quoted by CNBC.

Analysts at Morgan Stanley reiterated its overweight rating on Apple (NASDAQ: AAPL), with a $360 price target. As noted by the firm, “WWDC 2026 illustrated clear progress on Apple’s AI roadmap and suggested earlier monetization oppt’y than we expected, but also showed Apple Intelligence improvements will be a marathon, not a sprint. With less backwards compatibility + clearer use cases, we see WWDC as a net positive.”