Pre-market briefing Pre-Market Briefing – June 29, 2026
Today at a Glance
Previous Day Recap
Last Friday, US equities wrapped up the week with a slump in semiconductors and a fifth consecutive session of losses for the Nasdaq. The Nasdaq closed down 0.24% at 25,297, the S&P 500 slipped 0.05% to 7,354, and the Dow fell 0.09% to 51,876. Memory and semiconductors cratered — Western Digital ($WDC) plunged 13% — while healthcare, led by Moderna and Eli Lilly ($LLY), surged to cushion the index declines. On a weekly basis, the Nasdaq shed 4.6% and the S&P 500 dropped roughly 2%, snapping a two-week winning streak. Investor sentiment entered the weekend deeply entrenched in extreme fear territory.
Current Market Sentiment
Ahead of today's open, futures are clearly pointing higher. Nasdaq futures are up more than 1% and S&P 500 futures have gained 0.6%, as dip-buyers step into tech names that fell for five straight sessions last week. Risk appetite has revived after the US and Iran agreed to a temporary halt in military action and pledged to guarantee freedom of navigation through the Strait of Hormuz, setting the stage for Tuesday's talks in Qatar. That said, the biggest swing factor this week is the June jobs report, pulled forward to Thursday, and the Bank for International Settlements (BIS) warning of an AI investment bubble will also test whether the rebound has staying power.
Pre-Market News Roundup
Today's Events
Earnings calendar is light today. Among companies slated to report after the close, the one drawing market attention is defense and drone maker AeroVironment.
The main earnings releases, starting with Nike ($NKE) on Tuesday, are clustered in midweek, so today's session is more likely to be steered by a semiconductor rebound and geopolitical headlines than by earnings.
Dividend Ex-Dates
Stocks in Focus
With last week's sharp sell-off in the rearview mirror, attention is turning to names that may attempt a technical bounce.
Today's Game Plan
Stay steady today — focus less on the magnitude of the bounce and more on confirming whether it has legs.
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