S&P 500 Rebound Faces Test Amid Renewed AI Optimism

• According to Polymarket, traders see over 90% chance the S&P 500 opens higher on Tuesday.
• On Monday, the S&P 500 closed up 0.30% at 7,405.73, shaking off a sharp drop on Friday.
• The primary driver behind the positive sentiment appears to be the rebound in chip stocks.

Wall Street investors entered June 9 weighing a familiar dilemma: whether the S&P 500’s recovery would persist or another market pullback was imminent.

According to Polymarket, traders were heavily bullish going into the Tuesday session. The contract betting on whether the S&P 500 would open higher showed more than 90% chance of an “up” open, signaling strong optimism after Monday’s bounce.

The bullish sentiment follows a volatile week for US equities. On Monday, the S&P 500 closed up 0.30% at 7,405.73, shaking off a sharp drop on Friday that came after a surprisingly strong US jobs report.

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