The Morning Bull - US Market Morning Update Friday, Jul, 24 2026

US stock futures are pointing lower this morning, with key contracts on the S&P 500 and Nasdaq down roughly 0.4% as investors focus on rising borrowing costs and stubborn oil driven price pressures. The US 10 year Treasury yield is around 4.65%, which means everything from mortgages to corporate loans is staying expensive. At the same time, US crude inventories climbed by 2.0 million barrels, part of a broader oil story that is keeping inflation worries alive. The big question now is whether higher for longer interest rates will squeeze rate sensitive areas like housing and real estate more than they cool high growth tech and smaller company stocks.

With borrowing costs biting and inflation worries lingering, focus on 79 resilient stocks with low risk scores before higher rates hit harder.

Top Movers

• Lockheed Martin (LMT) jumped 10.54% after reporting Q2 results with higher sales and net income.
• United Rentals (URI) climbed 10.11% following a Q2 beat, guidance raise, and higher analyst price targets.
• Thermo Fisher Scientific (TMO) rose 8.71% after strong Q2 earnings, raised guidance, and multiple target upgrades.

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Top Losers

• Tesla (TSLA) fell 14.52% after Q2 earnings and multiple analysts cut price targets on higher spending.
• T-Mobile US (TMUS) declined 10.75% after Q2 results, softer Q3 metrics, and mixed guidance commentary.
• Rollins (ROL) dropped 9.27% following a weaker Q2, analyst downgrades, and reduced price targets.

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On The Radar

Attention is on a cluster of US earnings alongside fresh readings on durable goods and factory activity.

• Credit and Spending: American Express (AXP) reports Q2 on Friday, giving a read on card volumes and expense trends.
• Energy Services: SLB (SLB) posts Q2 Friday, with investors focused on international activity and service pricing.
• Telecom Cash Flow: Verizon Communications (VZ) reports Q2 Friday, spotlighting subscriber trends and dividend support.
• Utilities and Renewables: NextEra Energy (NEE) Q2 Friday pre market highlights regulated earnings and clean energy project execution.
• US Manufacturing: Durable Goods Orders for June on Monday will show how equipment demand is holding up.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.