US Stock Market Today: S&P 500 Futures Edge Lower As Rate And Oil Jitters Build

The Morning Bull – US Market Morning Update Tuesday, Jun, 23 2026

US stock futures are slightly softer ahead of the open, with key contracts such as the E mini S&P 500 and Micro E mini S&P 500 each down about 0.2%. The big driver is the US 10 year Treasury yield sitting near 4.48%, which matters because higher government borrowing costs can eventually flow through to mortgages, car loans and corporate funding. At the same time, oil prices are swinging around as investors track Middle East tensions, a reminder that fuel and transport costs can quickly filter into household budgets. The key question now is whether interest rate sensitive sectors, such as banks, real estate and utilities, will adjust smoothly to this mix of firm yields and choppy energy markets, or whether more rate worries and energy costs will put renewed pressure on growth focused and smaller company stocks.

With rates and energy costs back in focus, many investors are gravitating toward 66 resilient stocks with low risk scores.

Top Movers

Credo Technology Group Holding (CRDO) jumped 11.29% after multiple banks highlighted its AI connectivity growth plans.
Tower Semiconductor (TSEM) climbed 10.50% as investors focused on its position within the semiconductor supply chain.
Innio (INIO) advanced 9.83% following a strong session for industrial and energy infrastructure stocks.

Is Tower Semiconductor still a smart investment or just hype? Read our most popular narrative and get all the answers you need.

Top Losers

Space Exploration Technologies (SPCX) fell 16.43% as traders reacted to SpaceX’s new senior unsecured notes offering and recent headlines.
AST SpaceMobile (ASTS) declined 9.26%.
Rivian Automotive (RIVN) fell 8.60% after reports highlighted high lease pricing on the new R2 SUV and recent layoffs.

For readers watching sharp downside movers and looking to compare them against steadier ideas, it can help to set these drops alongside stocks that currently screen with lower risk profiles using the 66 resilient stocks with low risk scores.

Look past the noise – uncover the top narrative that explains what truly matters for Rivian Automotive’s long-term success.

On The Radar

Earnings from FedEx, Micron Technology and Trip.com Group will give fresh read throughs on shipping, memory chips and travel demand.

FedEx (FDX) Q4 results on Tuesday, with focus on shipping volumes and pricing as companies manage logistics costs.
Carnival (CCL) Q2 earnings on Tuesday, highlighting booking trends and onboard spending for cruise-focused leisure travel.
Micron Technology (MU) Q3 earnings on Wednesday, centering on memory pricing, capacity plans and data center-related demand.
Trip.com Group (TCOM) Q1 results on Wednesday, updating on international travel demand and online booking activity.
US PCE inflation report later this week, a key input for interest rate expectations as the 10-year Treasury yield holds near 4.48%.

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Identify The Next Market Leaders

Look beyond the usual headlines and focus on companies built to hold up when markets get bumpy, because chances to refine your watchlist like this do not come often. Our research team has assembled solid balance sheet and fundamentals stocks screener (48 results) so you can zero in on businesses backed by resilient balance sheets and fundamentals that may handle higher rates and choppy sentiment more steadily.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.