* Futures up: Dow 0.28%, S&P 500 0.77%, Nasdaq 1.43%

* Marvell Technology ( MRVL ) set to join S&P 500, shares jump

* Citi expects S&P 500 to cross 8,000-mark by year end

(Updates to pre-open prices)

By Sruthi Shankar and Twesha Dikshit

June 8 (Reuters) - U.S. stock indexes were set to open

higher on Monday, as chipmakers rebounded from a sharp selloff

last week, while investors took comfort from signs of cooling

tensions in the Middle East.

Shares of Nvidia ( NVDA ), Broadcom ( AVGO ) and Micron

Technology ( MU ) rose between 1.7% and 3.7% premarket,

rebounding from a sharp selloff on Friday that wiped out $1

trillion in market value for U.S.-listed chipmakers.

Expectations of tighter monetary policy and underwhelming

results from Broadcom ( AVGO ) last week had raised concerns that the

sector was growing too fast, prompting traders to retreat after

a strong run this year.

"Sometimes these moves get too far too fast and you need a

bit of a pullback. And, that pullback is likely going to find

investment in other sectors," said Art Hogan, chief market

strategist at B Riley Wealth.

Further helping the mood, Iran's military announced that its

first wave of attacks on Israel since a ceasefire in April was

now over. Israel has halted strikes on Iran at the request of

U.S. President Donald Trump, a senior Israeli official was cited

as saying by Channel 12.

Attacks between the two countries had pushed up oil prices

by more than 5% earlier on Monday. Crude prices

were last up less than 2%.

By 08:26 a.m. ET, S&P 500 e-minis were up 57.25

points, or 0.77%. Nasdaq 100 e-minis added 415.75

points, or 1.43% and Dow e-minis edged up 144 points, or

0.28%.

Much stronger-than-expected jobs data for May also

contributed to Friday's rout, as traders priced in interest rate

increases this year. Pricing in interest rate futures implies a

42% chance that the Federal Reserve will hike rates by 25 basis

points in December, per CME Group's Fedwatch tool.

Wednesday's consumer prices report for May could offer

investors fresh insights on how the rise in energy prices due to

the Iran war is impacting inflation.

Citigroup was the latest brokerage to raise its 2026-end

target for the S&P 500 to cross the 8,000 mark, citing

corporate earnings resilience and AI-driven growth.

Relentless optimism around AI has aided Wall Street's recent

record run, but lingering concerns over the economic impact of

the Iran war have clouded investor sentiment.

Marvell Technology ( MRVL ) jumped 8.7% with the chipmaker

set to join the benchmark S&P 500 before the start of trading on

June 22. Flex added 4.3% after the electronics

manufacturer also secured a spot.

Eli Lilly ( LLY ) advanced 1.9% after the drugmaker's trial

results showed its next-generation obesity drug retatrutide

curbed sleep apnea severity in addition to boosting weight loss

and helping knee pain.

(Reporting by Sruthi Shankar and Twesha Dikshit in Bengaluru;

Editing by Devika Syamnath)