The Morning Bull – US Market Morning Update Thursday, Jul, 23 2026
US stock futures are pointing slightly lower this morning, with contracts tied to the S&P 500 and Nasdaq-100 under pressure as investors weigh higher borrowing costs and a cooler jobs backdrop. The US 10 year Treasury yield is holding near 4.63%, which means mortgages, car loans and business financing are staying expensive. At the same time, a payrolls report showing ADP private hiring at about 16,500 jobs per week signals the job market is losing some steam. With higher oil prices linked to Middle East tensions, the focus turns to whether rate sensitive areas like banks, real estate and smaller US companies can handle both pricier debt and slower growth.
With borrowing costs biting and growth cooling, focus on 82 resilient stocks with low risk scores that aim to prioritize resilience now.
Top Movers
- Westinghouse Air Brake Technologies (WAB) jumped 10.04% after Q2 results and a higher price target from BofA.
- Dell Technologies (DELL) surged 9.32%.
- EQT (EQT) rose 8.45% following multiple analyst price target increases after recent earnings.
Is EQT still a smart investment or just hype? Read our most popular narrative and get all the answers you need.
Top Losers
- Boxabl (BXBL) fell 23.85%.
- Innio (INIO) declined 9.66%.
- GE Vernova (GEV) dropped 8.69% after investors reacted to recent earnings and buyback tranche details.
Look past the noise – uncover the top narrative that explains what truly matters for GE Vernova’s long-term success.
On The Radar
Earnings take the spotlight over the next two sessions, with key reports across tech, telecom, transport and energy.
- Tech Focus: Intel (INTC) reports Q2 results on Thursday, with guidance and margins central for chip sentiment.
- Telecom Pulse: T-Mobile US (TMUS) posts Q2 numbers on Thursday, highlighting subscriber trends and capital spending plans.
- Transport Checkup: Union Pacific (UNP) reports Thursday, giving a read on freight volumes and pricing discipline.
- Financials & Infrastructure: Nasdaq (NDAQ) and Blackstone (BX) report Thursday, spotlighting deal activity and fee based revenue.
- Friday Earnings Wave: Verizon (VZ), American Express (AXP) and NextEra Energy (NEE) report Friday, spanning telecom, spending and utilities.
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Where Are The Opportunities Now?
When headlines feel noisy, it helps to focus on quality, so take a few minutes today to scan solid balance sheet and fundamentals stocks screener (49 results), which is packed with companies built on durable financial strength that can matter when conditions get tougher.
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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.
Valuation is complex, but we’re here to simplify it.
Discover if Westinghouse Air Brake Technologies might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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