The Morning Bull – US Market Morning Update Friday, Jun, 12 2026
US stock futures are pointing higher this morning, with E-mini S&P 500 contracts up around 0.8%, as investors weigh stubborn energy driven inflation against hopes the Federal Reserve can stay patient on interest rates. May consumer prices in the US rose 0.5% in a single month, with gasoline up 7%, which keeps the pressure on household budgets and mortgage rates, now at 6.6%. At the same time, producer prices for May are expected to slow to a 0.7% monthly gain. The big question is whether this cooling is enough to support rate sensitive areas like housing and small caps, while still supporting growth sectors such as technology.
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Top Movers
- Sandisk (SNDK) jumped 14.50% after multiple analysts raised price targets on AI driven memory demand.
- Coupang (CPNG) gained 14.09% as Morgan Stanley said a record data breach fine was below market expectations.
- KLA (KLAC) rose 12.92% following higher analyst price targets tied to stronger wafer fab equipment spending.
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Top Losers
- Oracle (ORCL) fell 8.53% after mixed Q4 results and guidance triggered a wave of recalibrated analyst targets.
- Autodesk (ADSK) declined 7.10%.
- Adobe (ADBE) fell 6.25% as shares reacted to Q2 results and updated earnings commentary.
If you want a broader context for these moves, it helps to compare this trio against other large caps facing earnings resets, cloud spending questions, or slowing growth expectations. A quick way to do that is to screen for companies with similar one day moves and filter by balance sheet strength, cash generation, and valuation multiples using Our stock screener.
Look past the noise – uncover the top narrative that explains what truly matters for Oracle’s long-term success.
On The Radar
Investors will be watching fresh US manufacturing and housing data alongside key global production and trade updates.
- US Manufacturing: NY Empire State Manufacturing Index on Monday, a quick read on factory activity and new orders.
- US Output: Industrial Production MoM on Monday, helping you gauge how supply chains and capacity are being used.
- US Housing: NAHB Housing Market Index on Monday, offering a timely check on builder sentiment and mortgage sensitivity.
- Eurozone Activity: Euro Area Industrial Production MoM on Monday, giving context for global demand linked exporters.
- North American Housing: Canada Housing Starts on Monday, useful for cross checking construction trends with US housing signals.
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Build Your Perfect Portfolio
Look past the headline moves and focus on companies where the balance sheet still does the talking. Especially while investor attention feels stretched, scan the solid balance sheet and fundamentals stocks screener (47 results) for stocks built on resilient cash flows and disciplined fundamentals right now.
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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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