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The Morning Bull – US Market Morning Update Monday, Jun, 1 2026
US stock futures are pointing higher this morning, with E-mini S&P 500 contracts up about 0.2% and Nasdaq-100 futures gaining roughly 0.3%, as investors weigh strong factory signals against stubbornly high borrowing costs. The Chicago PMI, a key scorecard for business activity in the Midwest, jumped to 62.7 in May 2026, its highest level in four years, which suggests company order books and production plans are picking up. At the same time, the 10 year US Treasury yield sits around 4.45%, meaning mortgages, credit cards and company debt remain relatively expensive. That puts the spotlight on economically sensitive areas such as industrials and small caps, as well as on rate exposed sectors such as real estate and utilities, as investors decide whether early signs of stronger growth are enough to offset the strain from higher interest costs on both households and corporate balance sheets.
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Top Movers
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Dell Technologies (DELL) jumped 32.76% after a series of upbeat analyst upgrades and a strong Q1 report.
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Okta (OKTA) climbed 30.14% as multiple firms raised price targets following solid Q1 results and guidance.
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NetApp (NTAP) gained 22.39% after strong Q4 earnings, higher guidance, and widespread analyst price target increases.
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Top Losers
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AST SpaceMobile (ASTS) fell 14.79% after a Deutsche Bank downgrade linked to the New Glenn rocket explosion.
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Tower Semiconductor (TSEM) declined 7.36%.
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MACOM Technology Solutions Holdings (MTSI) slipped 6.76% following recent commentary highlighting potential risks around the stock.
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On The Radar
Earnings from large tech and consumer companies, alongside key labor and manufacturing data, will shape the next few sessions.
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Labor data focus: JOLTS, ADP and Challenger reports on Wednesday will update the picture on US job demand and hiring.
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Manufacturing pulse: ISM PMIs on Wednesday, after Chicago PMI strength, will show how broad current factory momentum really is.
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Hewlett Packard Enterprise (HPE) reports Q2 2026 results on Monday, focusing on enterprise IT demand and spending priorities.
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Palo Alto Networks (PANW), Ulta Beauty (ULTA), Dollar General (DG) report on Tuesday, covering cybersecurity, beauty and value focused retail trends.
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CrowdStrike (CRWD), Broadcom (AVGO), Veeva Systems (VEEV), Medtronic (MDT) report on Wednesday, providing updates on software, chips and medical technology demand.
