Nasdaq Pops 450 Points Amid Broader Tech Rebound

The Dow and S&P 500 are comfortably higher as well

Laura McCandless

Deputy Editor

Jun 8, 2026 at 11:59 AM

Stocks are broadly higher to start the week as the tech sector recovers. The Nasdaq Composite Index (IXIC) is up 451 points after its worst single-session decline in over a year on Friday, while the Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) sit comfortably in the black as well. Middle East tensions are still in focus. Iran announced it is halting military strikes against Israel, but warned they would resume if Israel Defense Forces (IDF) continue operations in Lebanon.

Continue reading for more on today's market, including:

Biotech stock pops on $2 billion blood cancer partnership.
SanDisk receives lofty price-target hikes to start the week.
Plus, options bulls eye ABAT; MPAA soars after earnings; and STI corrects after surge.

MMC June 8

Call traders are targeting American Battery Technology Co (NASDAQ:ABAT), after the company announced it had won its appeal with the U.S. Department of Energy (DOE) for the reinstatement of its $115 million lithium grant. So far, 25,000 calls have been exchanged -- 19 times the intraday average amount -- in comparison with just 725 puts. The August 7 call is the most popular, with new positions being bought to open there. At last glance, ABAT is up 32.5% at $4.12.

Motorcar Parts of America Inc (NASDAQ:MPAA) was last seen up 38% at $14.62, after the company's better-than-expected fiscal fourth-quarter earnings and revenue and upbeat outlook. Today's surge has MPAA breaking above the 200-day moving average, as well as recent pressure at the 320-day moving average. Year to date, the equity is now up 19.2%.

MPAA June 8

Solidion Technology, Inc (NASDAQ:STI) stockis down 23.9% at $27.20, pulling back from its recent rally despite news that the company was granted seven new patents for its innovative anode materials used in lithium batteries. The firm also announced a $35 million private placement with a new institutional investor, selling 2.33 million shares. Looking to snap a five-day win streak after adding 668% last week, the shares are up 274% in 2026.

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