The Morning Bull - US Market Morning Update Monday, Jun, 29 2026

US stock futures are pointing slightly lower this morning, with E mini S&P 500 contracts down about 0.3% and E mini Nasdaq 100 futures off around 1.2%, as investors weigh sticky inflation against strong global growth pockets. The key US inflation gauge, core PCE, rose 0.3% in May and is running at 3.4% over the past year, which means the cost of living is still rising faster than the Federal Reserve would like. At the same time, China is reporting an 18.8% jump in industrial profits and the US goods trade deficit has widened to $105.8b. This raises a clear question for investors in rate sensitive sectors like tech and real estate, as well as exporters, about how long higher borrowing costs and trade imbalances can sit alongside pockets of solid global demand.

With inflation staying sticky and rates pressuring tech and real estate, consider focusing on sturdier opportunities using our 69 resilient stocks with low risk scores.

Top Movers

• Moderna (MRNA) jumped 12.59% after Piper Sandler raised its price target and reiterated an Overweight rating.
• ServiceNow (NOW) surged 9.85% following an expanded partnership with IBM highlighted in recent news coverage.
• Snowflake (SNOW) climbed 9.64% as index changes added the stock to key Russell midcap growth benchmarks.

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Top Losers

• ON Semiconductor (ON) fell 23.66% after announcing a US$7b all stock deal to acquire Synaptics.
• Bloom Energy (BE) declined 18.49%.
• Western Digital (WDC) dropped 13.17% as Russell index changes shifted the stock between growth and value benchmarks.

Before reacting to these sharp moves, it helps to separate short term index flows from business fundamentals, which is exactly what Read our free valuation report to discover if Western Digital is now a bargain or a trap.

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On The Radar

Earnings from consumer and beverage leaders, along with several tech-focused shareholder meetings, headline the next few sessions.

• NIKE (NKE) reports Q4 results on Tuesday, with attention on consumer demand trends and any commentary on future margin pressures.
• Constellation Brands (STZ) posts Q1 results on Tuesday after market close, spotlighting pricing power and cost control in beverages.
• Snowflake (SNOW) holds its AGM on Monday, where shareholders review director elections, executive pay and auditor ratification details.
• MongoDB (MDB) holds its AGM on Tuesday, updating investors on governance topics that shape how management pursues growth priorities.
• Cloudflare (NET) hosts its AGM on Tuesday, keeping investor focus on board oversight and long term capital allocation discussions.

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Find Stocks Poised To Move

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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.