Sasha Jovanovic
3 min read
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The Morning Bull – US Market Morning Update Wednesday, Jun, 24 2026
US stock futures are pointing lower this morning, with E-mini S&P 500 contracts down about 1.5% and Nasdaq-100 futures weaker by more than 2.7%, as investors juggle two big forces. First, the US 10 year Treasury yield sits near 4.5%, which means higher borrowing costs for households and businesses and keeps the focus on a possible Federal Reserve rate hike in September. Second, Europe’s latest purchasing manager indexes show services activity shrinking while manufacturing only edges ahead, hinting at a soft global growth backdrop. The key question now is how rate sensitive sectors like technology, smaller US companies and real estate will cope if borrowing costs stay high while growth outside the US remains patchy.
With yields and global growth worries pressuring rate sensitive sectors, focus on solid balance sheet and fundamentals stocks screener (48 results) to stay selective.
Top Movers
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Axon Enterprise (AXON) surged 5.61%.
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GE HealthCare Technologies (GEHC) gained 5.08% after RBC initiated coverage with an Outperform rating.
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International Business Machines (IBM) climbed 5.04% following an upgrade to Overweight and higher analyst price targets.
Is International Business Machines 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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Sandisk (SNDK) declined 13.64%.
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Micron Technology (MU) fell 13.18% ahead of closely watched earnings and ongoing focus on memory chip supply.
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Vertiv Holdings Co (VRT) dropped 11.07% after recent gains in data center cooling stocks reversed.
Look past the noise – uncover the top narrative that explains what truly matters for Micron Technology’s long-term success.
On The Radar
Earnings and central bank expectations share the spotlight, with company updates stacked against a higher-yield backdrop.
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Micron Technology (MU) reports Q3 results on Wednesday, providing insight into memory chip demand and pricing discipline.
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NVIDIA (NVDA) holds its Annual General Meeting on Wednesday, with attention on shareholder proposals and governance priorities.
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Paychex (PAYX) posts Q4 numbers before the market opens on Wednesday, offering a read on employment services demand and cost management.
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Darden Restaurants (DRI) reports Q4 on Thursday, highlighting restaurant traffic trends and menu pricing decisions.
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Fed Rate Path focus centers on PCE data and 10-year yields through Friday, shaping expectations for a potential September move.
