6.26 U.S. stock market outlook: Micron can’t move, and Apple holds things back
Brothers, today’s Friday. In pre-market trading, U.S. stock index futures are still sliding lower
First, let’s recap yesterday—June 25. Micron surged 15.7%, lifting a batch of memory-chip names. SanDisk jumped 22%. Applied Materials rose 13%. Western Digital gained 5%
But the Nasdaq still fell 0.46%, marking a fourth straight losing day. The drag was all about big tech. Apple dropped 6.1% because MacBook and iPad announced price hikes. Microsoft fell 3.5%. Nvidia slid 1.6%. Amazon dropped 3.1%. Meta fell 2.7%. The Dow, meanwhile, was actually supported by non-tech names like Caterpillar and Merck, which rose
This internal struggle in the sector is very likely to continue today. Memory sellers like Micron and the storage supply chain are raking in profits, while memory buyers like Apple and the Mag 7 are getting crushed by costs. Same AI industry chain—upstream and downstream are living in different worlds. Today, pre-market big tech remains weak and dragged futures down again
The macro backdrop hasn’t changed. Yesterday’s PCE confirmed that inflation is rebounding: overall 4.1%, core 3.4%—a new high since October 2023. Q1 GDP was also revised upward
With strong growth and sticky inflation, the debate over whether the Fed will raise rates within the year is still hanging in the air. That’s the root cause weighing on tech stock valuations. Oil prices are helping a bit: WTI fell below $72, hitting a new low since late February
Today, there are also two small things
First is the University of Michigan’s final June consumer sentiment reading
Second, this is the last trading day of the first half. Watch for end-of-month and mid-year institutional rebalancing, which could amplify volatility
In short: this is a market where individual stocks have highlights but the broader index lacks a main theme. Micron shows that AI demand is real, but big tech’s cost pressure and high valuations are dragging the whole sector down. Don’t chase higher just because Micron surged. It failed to lift the Nasdaq for two straight days—that in itself is the signal you should understand best#苹果股价跌6.1% #美光营收激增346%至415亿美元
Brothers, today’s Friday. In pre-market trading, U.S. stock index futures are still sliding lower
First, let’s recap yesterday—June 25. Micron surged 15.7%, lifting a batch of memory-chip names. SanDisk jumped 22%. Applied Materials rose 13%. Western Digital gained 5%
But the Nasdaq still fell 0.46%, marking a fourth straight losing day. The drag was all about big tech. Apple dropped 6.1% because MacBook and iPad announced price hikes. Microsoft fell 3.5%. Nvidia slid 1.6%. Amazon dropped 3.1%. Meta fell 2.7%. The Dow, meanwhile, was actually supported by non-tech names like Caterpillar and Merck, which rose
This internal struggle in the sector is very likely to continue today. Memory sellers like Micron and the storage supply chain are raking in profits, while memory buyers like Apple and the Mag 7 are getting crushed by costs. Same AI industry chain—upstream and downstream are living in different worlds. Today, pre-market big tech remains weak and dragged futures down again
The macro backdrop hasn’t changed. Yesterday’s PCE confirmed that inflation is rebounding: overall 4.1%, core 3.4%—a new high since October 2023. Q1 GDP was also revised upward
With strong growth and sticky inflation, the debate over whether the Fed will raise rates within the year is still hanging in the air. That’s the root cause weighing on tech stock valuations. Oil prices are helping a bit: WTI fell below $72, hitting a new low since late February
Today, there are also two small things
First is the University of Michigan’s final June consumer sentiment reading
Second, this is the last trading day of the first half. Watch for end-of-month and mid-year institutional rebalancing, which could amplify volatility
In short: this is a market where individual stocks have highlights but the broader index lacks a main theme. Micron shows that AI demand is real, but big tech’s cost pressure and high valuations are dragging the whole sector down. Don’t chase higher just because Micron surged. It failed to lift the Nasdaq for two straight days—that in itself is the signal you should understand best#苹果股价跌6.1% #美光营收激增346%至415亿美元