Pre-market briefing July 14, 2026

Pre-Market Briefing, July 14, 2026

Today at a Glance

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Previous Session Recap

The previous session on the New York stock market closed lower, dragged down by technology names. The Nasdaq fell 1.55% and the S&P 500 slipped 0.79%, while the energy sector rallied more than 3% on a spike in international crude prices, cushioning the index's losses. Semiconductor stocks including SanDisk, Marvell, and Intel plunged in unison, and bank holdings held up relatively well as investors positioned ahead of their earnings releases.

Current Market Mood

U.S. equity index futures are slightly weaker, with the Dow down 0.3% and the S&P 500 down 0.2%, while the Nasdaq is little changed to slightly higher at +0.2%. A wait-and-see tone dominates rather than a clear directional bias. The June Consumer Price Index release at 9:30 p.m. Korea time overlaps with earnings from five major banks around 9:00 p.m., and renewed tensions involving Iran are lifting crude prices, tilting risk toward the defensive side. If inflation prints hotter than expected, today is the kind of session in which technology stocks can be rattled again on rate-hike anxiety.

Pre-Market News Roundup

Today's Events

Major bank earnings for the second quarter pour in ahead of today's open.

Macro Calendar

June CPI is expected at 3.8% year over year, a sharp deceleration from the prior month's 4.2%. On a month-over-month basis, the read is seen at -0.1%, swinging from the prior 0.5%. A steep drop in gasoline prices driven by lower global crude is believed to have pulled the headline figure lower. Market impact: A moderation in line with expectations could revive risk appetite, but a hotter-than-expected print would amplify rate-hike concerns.

Core CPI, which excludes the more volatile food and energy components, is forecast at 2.8% year over year, a slight decline from the prior 2.9%, while the month-over-month print is expected to hold steady at 0.2% on the previous reading. Market impact: Core CPI is an indicator of underlying inflation trends, and a surprise to the upside would reinforce the Fed's case for keeping policy tight.

June retail sales are also on the docket. As a gauge of consumer spending, an estimate for this round has yet to be compiled. Market impact: Resilient spending would ease recession worries but could strengthen the case for further rate hikes.

Ex-Dividend

Names in Focus

Among yesterday's steep decliners in semiconductors and technology, Intel and Oracle stand out. Intel fell 6.2%, slipping below the lower Bollinger Band (an indicator of the normal range of price movement), with the RSI (a momentum indicator measuring overbought and oversold conditions on a scale of 0 to 100) dropping to 39. Oracle's RSI slid to 27, pushing it into oversold territory and opening the door to a technical rebound attempt, but lingering concerns over AI capex argue against chasing the stock higher. On the other side, Automatic Data Processing has seen its RSI climb to 70, entering overbought territory, suggesting that even with strong upward momentum, short-term overheating warrants caution.

Today's Game Plan

Rather than getting tossed around by the numbers, stick to your plan, and make today a steady, composed session.