US Stock Pre-Market Report - June 24, 2026

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Pre-Market Performance

U.S. equity futures are firmer after the prior session’s tech-led selloff, with growth benchmarks leading the rebound. Nasdaq 100 futures are up 193.8 points at 29,859.8, a gain of 0.65%. S&P 500 futures are up 26.3 points at 7,463.8, or 0.35%, while Dow Jones futures are up 89 points at 52,171, or 0.17%.

European trading is mixed. The FTSE 100 is at 10,436.45, up 7.60 points, or 0.07%. France’s CAC 40 is at 8,371.72, up 31.01 points, or 0.37%. Germany’s DAX is the outlier, down 248.40 points, or 1.00%, at 24,645.18, reflecting continued pressure on continental cyclicals and technology-linked names.

Commodities remain under pressure as energy-risk premiums continue to unwind. Brent crude is around $76.40 per barrel, down 0.88%, while WTI crude is near $71.80 per barrel, down about 1.92%. Gold futures are lower at roughly $4,063.50 per ounce, down $85.90, or 2.07%, as the U.S. Dollar Index rises to about 101.67, up 0.26%.

Hot News

• Oil extends decline as Hormuz flow expectations improve

  Crude prices are trading near multi-month lows as more tankers are expected to move through the Strait of Hormuz and investors reassess supply-disruption risks. Brent and WTI both remain under selling pressure, easing one of the market’s most important inflation and margin headwinds.

• Dollar reaches a 13-month high as investors seek safety

  The dollar is extending gains against major currencies, supported by safe-haven demand after the technology selloff and by higher-rate expectations. A stronger dollar is weighing on metals and may pressure multinationals with large overseas revenue exposure.

• Markets attempt to stabilize after sharp technology-led weakness

  U.S. futures are rebounding after a broad selloff in megacap technology and semiconductor shares. The Nasdaq 100’s stronger pre-market performance suggests bargain-hunting ahead of key AI and memory-chip catalysts, though volatility remains elevated.

U.S. Stock Focus

• FedEx — Shares fall after guidance disappoints despite Q4 beat

  FedEx reported fiscal fourth-quarter adjusted EPS of $6.31, above expectations near $5.92, with revenue of about $25.0 billion versus estimates near $24.01 billion. The stock fell about 6% after hours as investors focused on fiscal 2027 outlook risk, transition-year cost pressures and the impact of the FedEx Freight spin-off.

• Cerebras Systems — First public earnings report shows 92% core revenue growth, but shares drop

  Cerebras reported GAAP quarterly revenue of $193.4 million and record core revenue of $191.3 million, up 92% year over year. Shares fell in extended and pre-market trading as investors looked past revenue upside and focused on margin guidance and execution risk following the company’s large semiconductor IPO.

• Nike — CFO transition and tariff-refund benefit lift shares after hours

  Nike rose in extended trading after naming David M. Denton, currently Pfizer’s CFO, as its next chief financial officer effective August 17. The company also said fiscal fourth-quarter results will include a tariff-refund benefit not reflected in prior guidance; excluding that one-time item, results are expected to be broadly in line with earlier guidance.

• KB Home — Q2 revenue declines but results meet or exceed guidance midpoint

  KB Home reported second-quarter revenue of $1.11 billion and diluted EPS of $0.43, with revenue down 27% year over year and homes delivered down 23%. The company repurchased $75.0 million of common stock and said its built-to-order model represented 73% of net orders, supporting management’s view that margins and delivery volumes can improve in the second half.

• Nvidia — Banned AI chips reportedly double in China black-market pricing

  Nvidia remains in focus after a Financial Times report said its restricted AI chips have more than doubled in price in China’s black market over the past six months. The report highlights persistent demand for Nvidia’s advanced systems despite export controls, while also keeping regulatory and enforcement risk in focus for the stock.

• Micron Technology — Fiscal Q3 results due after the close

  Micron reports fiscal third-quarter results after today’s closing bell; the print is being treated as a major read-through for AI infrastructure demand, high-bandwidth memory pricing and semiconductor margins. The stock fell 13.2% on Tuesday, and prior-session weakness raises the bar for both reported results and forward guidance.

• Paychex — Fiscal Q4 and full-year results scheduled before the open

  Paychex is set to release fiscal fourth-quarter and full-year 2026 results before the market opens, with the earnings call scheduled for 9:30 a.m. ET. Investors will be watching payroll-services demand, client retention, margin trends and commentary on small-business hiring conditions.

• Jefferies Financial Group — Q2 results scheduled after the close

  Jefferies is scheduled to report second-quarter results after today’s closing bell. The release will provide a fresh read on investment-banking activity, capital-markets revenue and trading conditions after a volatile period for equities, rates and credit markets.

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