Sasha Jovanovic
3 min read
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The Morning Bull – US Market Morning Update Thursday, Jul, 23 2026
US stock futures are pointing slightly lower this morning, as investors weigh higher bond yields and firm energy prices against softer jobs data. The US 10 year Treasury yield is trading near a two month high around 4.63%, which means borrowing stays relatively expensive for households and companies. Oil related tensions are feeding into that move, with a surprise US crude inventory build of 2.6 million barrels and emergency reserves at a 43 year low, keeping energy costs in focus. At the same time, ADP private hiring continues to slow. This raises the question of whether rate sensitive sectors like banks and real estate or economically sensitive areas like consumer and small cap stocks should be the priority right now for portfolio risk.
With bond yields elevated and energy costs in focus, many investors are gravitating toward 82 resilient stocks with low risk scores.
Top Movers
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Westinghouse Air Brake Technologies (WAB) jumped 10.04% after Q2 results and a higher BofA price target.
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Dell Technologies (DELL) surged 9.32%.
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EQT (EQT) gained 8.45% after analysts raised price targets following Q2 performance and cash flow metrics.
Is Dell Technologies still a smart investment or just hype? Read our most popular narrative and get all the answers you need.
Top Losers
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Boxabl (BXBL) declined 23.85%.
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Innio (INIO) declined 9.66%.
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GE Vernova (GEV) declined 8.69% following a share buyback tranche update filing.
Look past the noise – uncover the top narrative that explains what truly matters for Innio’s long-term success.
On The Radar
Earnings from Intel, major industrials and financials will set the tone alongside bond market moves tied to oil and rates.
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Intel (INTC) reports Q2 results after the market close on Thursday, providing an update on chip demand and capital spending trends.
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Honeywell International (HON) posts Q2 results before the market open on Thursday, with attention on industrial orders and margin resilience in higher rate conditions.
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Blackstone (BX) reports Q2 results before the market open on Thursday, with investors focused on fundraising, realizations and fee-related earnings.
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US 10-year Treasury yield holding near 4.63% on Thursday keeps borrowing costs and equity valuation considerations in focus.
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NextEra Energy (NEE) reports Q2 results before the market open on Friday, updating the outlook for regulated utilities and renewables projects.
