US Stock Market Today: S&P 500 Futures Edge Lower As Energy Costs Cool Inflation

The Morning Bull – US Market Morning Update Wednesday, Jul, 1 2026

US stock futures are slightly softer this morning, with key contracts like the E-mini S&P 500 and Micro E-mini Nasdaq-100 ticking down, as investors weigh cheaper energy against still cautious interest rate expectations. The US Strategic Petroleum Reserve has dropped to 325.7 million barrels, the lowest since 1983, after a large release aimed at keeping fuel prices in check, which can help ease pressure on household budgets. At the same time, oil prices are retreating and euro area inflation is sitting near 2%, raising a fresh question for investors about how far falling energy costs can help rate sensitive sectors such as banks, utilities and real estate.

With rates still uncertain but energy easing, sharpen your focus on 74 resilient stocks with low risk scores before sentiment shifts again.

Top Movers

• Sandisk (SNDK) jumped 10.89% after Bernstein raised its price target, highlighting newer memory contract structures.
• Credo Technology Group Holding (CRDO) gained 10.69% as the stock was added to several Russell large cap and growth indexes.
• Bloom Energy (BE) climbed 10.07% following an expanded Brookfield funding framework and fresh index additions.

Is Credo Technology Group Holding still a smart investment or just hype? Read our most popular narrative and get all the answers you need.

Top Losers

• Strategy (MSTR) fell 6.20% after multiple firms cut price targets following bitcoin related reassessments.
• Digital Realty Trust (DLR) declined 5.77% after completing a US$2.28b follow on equity offering.
• AT&T (T) dropped 5.13%.

Look past the noise – uncover the top narrative that explains what truly matters for AT&T’s long-term success.

On The Radar

Energy and inflation signals stay in focus, with few scheduled corporate events to shift the macro driven tone.

• Global inflation reads on Wednesday help frame how falling energy costs feed through to prices and rate expectations.
• Oil and fuel inventory trends on Wednesday guide thinking on consumer budgets and cost pressures for transport heavy sectors.
• China PMIs on Wednesday inform sentiment around global manufacturing demand and risk appetite for cyclicals.
• Tower Semiconductor (TSEM) holds its AGM on Thursday, with investors focused on governance, board composition and compensation policy.

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Where Are The Opportunities Now?

Look beyond today’s headlines and focus on companies built to stay resilient when sentiment swings, because opportunities like this do not sit around for long. solid balance sheet and fundamentals stocks screener (48 results) spotlights businesses backed by sturdy financials, disciplined balance sheets, and durable cash flows that can matter when conditions change.

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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.

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