Pre-market briefing July 6, 2026

Pre-Market Briefing for July 6, 2026

Today at a Glance

Briefs · earnings · signals, first Telegram · KakaoTalk channels

Previous Session Recap

On the 2nd (local time), the New York market saw the Dow Jones rise 1.14% to around 52,900, while the Nasdaq fell 0.8% and the S&P 500 ended roughly flat. It was a rotation session, with funds flowing out of tech stocks and into defensive names like healthcare, utilities, and consumer staples. U.S. exchanges were shut on the 3rd for the Independence Day holiday observance, making that day the most recent trading session.

Current Market Mood

Futures on July 6 are higher across all three major indexes, suggesting risk appetite is cautiously returning. Notably, Nasdaq futures are up more than 1%, reflecting hopes for a rebound in chip and memory stocks that suffered double-digit losses in the previous session. However, lingering concerns over capacity additions at Samsung Electronics and SK Hynix, as well as worries that AI capex may be peaking, mean whether the rebound extends will depend on chip-stock action after the open and the services indicator due at 11:00 p.m. Korean time.

Pre-Market News Roundup

Today's Events

No major earnings releases are scheduled for today, either before or after the close. The next big event is Tesla's Q2 results on July 22, with the key question being whether the recent surge in deliveries translated into actual improvement in profitability.

Macro Calendar

The ISM Services Purchasing Managers' Index (PMI), which measures the health of the U.S. services sector, is due at 11:00 p.m. Korean time. The market consensus is 54, slightly below the prior reading of 54.5. A reading above 50 signals expansion, while below 50 indicates contraction. A significantly weaker-than-expected print could weigh on risk assets on growth-slowdown concerns, while a stronger reading could split interpretations between a resilient economy and delayed rate cuts.

Ex-Dividend

Stocks in Focus

Today, the stocks worth watching for technical signals are AbbVie, Visa, and Oracle. AbbVie saw its Relative Strength Index (RSI) climb to 77.2, entering overbought territory and breaking above the upper Bollinger Band, while gaining 3.99% the prior day to sit at the center of the healthcare-defensive rotation. Visa also extended payments-stock strength with a 3.15% gain in overbought territory at an RSI of 76.7, though short-term overheating is a concern. On the other hand, Oracle has fallen to an RSI of 26.7 in oversold territory, weighed down by the tech-stock correction, leaving room for an oversold bounce if the Nasdaq rebound continues.

Today's Action Guide

Stay calm and disciplined today. Have a great day.