Sasha Jovanovic
3 min read
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The Morning Bull – US Market Morning Update Thursday, Jul, 2 2026
US stock futures are pointing slightly lower this morning, with E mini S&P 500 contracts down about 0.3% and Nasdaq 100 futures off roughly 0.6%, as investors weigh firm US bond yields against mixed global growth signals. The US 10 year Treasury yield is holding around 4.46% after May job openings reached a two year high, a sign that hiring demand is still strong and that borrowing costs for mortgages, credit cards, and companies may stay elevated. At the same time, manufacturing scorecards across Europe are hovering just above the growth line, hinting at an economy that is expanding but not roaring. The key issue for investors is whether resilient US jobs data will keep pressure on interest rate sensitive areas such as real estate and utilities, while keeping growth focused sectors such as technology and semiconductors in focus if borrowing costs remain relatively high.
With rates staying firm and growth sectors in focus, zero in on 73 resilient stocks with low risk scores before volatility picks up.
Top Movers
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Bending Spoons (BSP) surged 39.66% following the completion of its US$1.68b IPO and its first trading sessions.
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Reddit (RDDT) jumped 13.93% after being added to a major index-focused stock list.
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AppLovin (APP) gained 9.58% as recent analyst coverage highlighted its advertising growth and financial profile.
Is Reddit 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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Nebius Group (NBIS) fell 17.01% as investors reacted to reports of Meta planning a competing AI cloud offering.
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CoreWeave (CRWV) declined 13.92% following fresh analyst concerns about rising competition from large cloud providers.
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Corning (GLW) fell 13.62%.
Look past the noise – uncover the top narrative that explains what truly matters for CoreWeave’s long-term success.
On The Radar
With a light US calendar, global manufacturing PMIs and bond market moves are setting the tone for equity sentiment.
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Global Manufacturing PMIs: Fresh June readings across Europe and Asia on Thursday frame demand conditions for multinationals.
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US Treasuries: The US 10-year yield near 4.46% on Thursday anchors equity risk appetite and sector rotations.
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Japan Rates: The BOJ tightening signals and higher 10-year yield on Thursday spotlight funding costs and yen sensitivity.
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India Bonds: Strong foreign inflows into government bonds on Thursday highlight appetite for emerging-market carry and index inclusion themes.
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Tower Semiconductor (TSEM): The Annual General Meeting on Thursday focuses on board elections and executive compensation policy.
