Pre-market briefing Pre-Market Briefing for June 25, 2026
Today at a Glance
Previous Day Recap
On Wednesday, June 24, U.S. equities closed mixed after a third straight session of weakness in tech stocks. The Dow rose 0.35%, but the S&P 500 fell 0.10% and the Nasdaq dropped 0.43%, while crude oil slipped below $70 per barrel, making energy the weakest sector. Buying interest broadened into industrials, housing, and healthcare. But after the close, Micron posted results and guidance that well exceeded consensus — fueled by explosive AI memory demand from data centers — and declared a dividend, instantly reversing the crushed chip-sector sentiment.
Current Market Mood
Futures are rebounding sharply ahead of today's open. Nasdaq 100 futures are up roughly 2%, as Micron and Qualcomm's strong results and guidance have eased concerns over AI infrastructure demand. Micron has surged more than 16% in the extended/pre-market session, while Qualcomm has climbed about 12% on a higher data-center revenue outlook. Relief is spreading that the past three days of selling were overdone. However, the real variable today is the May PCE price index due at 9:30 PM KST. With inflation expected to re-accelerate, this print will determine whether the rebound extends.
Pre-Market News Roundup
Today's Events
Today's lineup features consumer and restaurant earnings alongside the chip rebound sparked by Micron. Still, the market's focus is tilting toward tonight's inflation data rather than individual company results.
Macro Calendar
Today brings the key inflation print that could shape the direction of the week and the month.
The Fed's preferred inflation gauge. Consensus looks for a 0.3% month-over-month print (vs. 0.2% prior) and 3.4% year-over-year (vs. 3.3% prior), signaling inflation re-accelerating. Headline PCE is also expected to accelerate to 4.1% year-over-year (vs. 3.8% prior), and an above-consensus reading could intensify bets on a rate hike this year.
Consensus 1.6% / Prior 1.6%. As a final reading, large revisions are unlikely and the impact should be limited.
Consensus 220k / Prior 220k. A gauge of labor-market resilience, released alongside the PCE and to be read together with it.
Ex-Dividend
Stocks in Focus
Today's Action Guide
Stay calm today — keep your balance between the rebound and the data ahead.
Back to ListDisclaimer: This content is for informational purposes only and does not constitute investment advice. All investment responsibility lies with the investor.
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