Morning Dose #62: Futures Surge on Micron Momentum and Fed Chair Speculation – Thursday 6/26/2025
Key takeaways
- Traders should be cautious despite index strength, monitor breadth indicators, focus on high-quality tech names, and be prepared for a busy and active trading session with economic data influencing market direction.
Morning Dose: Futures Surge on Micron Momentum and Fed Chair Speculation
A quick analysis of today’s market outlook and key trading opportunities to start your day.
Intro & Market Mood
Welcome to The Morning Dose – Everything You Need to Know Before the Market Opens. It’s Thursday, June 26th, 2025, and it looks like we’re on course for a higher start! Futures on the S&P 500 are trading about 24 points above fair value, signaling a positive market sentiment.
Overnight Headlines
- Chipmakers like Micron (MU) are driving the market, with Micron up over 2% in pre-market after a strong Q3 report.
- Political news includes potential early nominations for the next Fed Chair and upcoming nuclear talks with Iran, adding to the market’s dynamics.
Economic Announcements
A data-packed morning is expected with releases like May Durable Orders, Q1 GDP, and weekly Initial and Continuing Claims at 8:30 AM ET. Also, watch for Retail Inventories and Pending Home Sales later in the day.
Earnings Highlights
- Worthington Steel (WS) and Acuity (AYI) beat earnings expectations, while Steelcase (SCS) issued below-consensus guidance.
- Technology companies like Palantir (PLTR) and MillerKnoll (MLKN) are making positive moves post-earnings.
Top Movers
Markets in Asia closed mixed, European indices are in the green, and notable news includes South Korea’s economic concerns and ongoing trade negotiations.
Quick Trade Ideas
AI-driven reports suggest a ‘cautiously optimistic’ sentiment, highlighting sector rotations into Technology and Financials. Key levels for SPY and QQQ are mentioned to guide trading decisions.