Market Summary - June 25, 2026
Market Overview
After the U.S. stock market opened, sellers quickly took control, leading to declines across major indices. Futures on the US100 and US500 are down approximately 1%, while the US30 and US2000 show slight gains of around 0.2%. This indicates that market concerns are primarily focused on large-cap companies and the technology sector.
Key Economic Data
The market is reacting to significant macroeconomic data released for May. The PCE inflation rate rose to 4.1%, aligning with market expectations, and is not expected to dramatically alter the anticipated path of U.S. interest rates. Notably, core PCE inflation has stabilized at a lower level, suggesting that recent price increases may be temporary.
Additionally, U.S. GDP for Q1 grew by 2.1%, surpassing the expected 1.6%. Wages and personal spending also increased by 0.7%. However, jobless claims remain above 200k but were lower than anticipated. Concerns arise from consumer spending and durable goods orders, which fell short of expectations.
Technical Analysis
The US100 index is currently oscillating around the 38.2% Fibonacci resistance level, with supply entering the resistance zone. The correction remains shallow, and the RSI has normalized. The momentum of the EMA averages indicates a bullish trend. If selling pressure continues, the next target could be the 61.8% Fibonacci level, approximately 28,445 points.
Company News
- Micron (MU.US): The memory manufacturer reported outstanding results, with a revenue of $41.46 billion and an EPS of $25.11, marking over a 100% increase from the previous quarter. The stock surged 20% at the open, bolstering confidence in the sector.
- Wendy’s (WEN.US): Shares rose about 10% as retail buying increased amid optimism regarding its potential as a “meme stock.”
- IBM (IBM.US): The company unveiled its first prototype chip below 1 nm, leading to a 2% increase in shares.
- Apple (AAPL.US): The company raised product prices due to memory component shortages, which may pressure margins and sales, resulting in a 5% decline in stock price.
- Blue Owl (OBDC.US): Reports indicate the investment firm is negotiating to purchase the Cavaliers basketball team, with shares up 2%.
- BlackBerry (BB.US): The company provided optimistic year-end guidance, expecting revenue support from infrastructure spending, leading to a 7% increase in shares.