Live Markets: US stock futures edge up; ball's in your court, Micron

Nike

24/06/2026 14:06

Futures suggest modest gains at the opening bell
Europe's STOXX off ~0.1%, Nikkei down 0.9%, MSCI World down ~0.1%
Dollar, bitcoin up; US crude, gold off nearly 3%
US 10-year Treasury yield dips to ~4.44%
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US STOCK FUTURES EDGE UP; BALL'S IN YOUR COURT, MICRON
Wall Street is set to put the brakes on its two-session drop on Wednesday, with AI capex and a queasy, unsteady peace in the Middle East providing much of the drama.
Much weight has been placed on the shoulders of memory chipmaker Micron  MU.O and its after-the-bell earnings report, which will provide the latest exhibit in the pro/con debate over the speed and size of AI hyperscalers, which have increasingly tapped into debt markets to fund their expansion even as the Warsh Fed appears poised to hike borrowing costs. 
Chipmakers .SOX have dropped 6% in the last two days, while the broader tech sector .SPLRCT has slid 3.7% over that same timeframe.
Today marks Alphabet's GOOGL.O first day as a constituent of the Dow Jones Industrial Average .DJI and Verizon's VZ.N first session since the telecom was shown the door to make room for the Google parent.
On the geopolitical stage, the United States and Iran remain at loggerheads over issues like nuclear inspections, the fate of frozen Iranian assets, Israel's parallel war in Lebanon and the flow of traffic through the Strait of Hormuz, all of which need to be hammered out in the laborious negotiations process.
Front month crude prices are lower, which bodes well in that regard.
Happy trading!
(Stephen Culp)
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EARLIER ON LIVE MARKETS:
SURGING HYPERSCALER CAPEX SPARKS SHARE BUYBACK SHIFT CLICK HERE
UK BANKS: HOT RUN, COLD VALUATIONS CLICK HERE
"MATERIAL" EQUITY OUTFLOWS FROM PENSION FUND REBALANCING EXPECTED AT QUARTER-END CLICK HERE 
STOXX STEADY; RHEINMETALL TUMBLES, SEGRO BOOST REAL ESTATE CLICK HERE
BEFORE THE BELL: EUROPE SOFT AHEAD OF MICRON AFTER TECH ROUT CLICK HERE
TIME TO CASH IN YOUR CHIPS? CLICK HERE 

Initial claims and JOLTS firings https://www.reuters.com/graphics/USA-STOCKS/egpbwkqnjvq/initialclaims.png
Continuing claims and unemployment duration https://www.reuters.com/graphics/USA-STOCKS/lgvdewamopo/contclaims.png
Philly Fed and Empire State https://www.reuters.com/graphics/USA-STOCKS/lbvgdnzrbpq/phillyfed.png
Leading economic index and UMich expectations https://www.reuters.com/graphics/USA-STOCKS/byvrdjeorve/lead.png
Early market snapshot https://fingfx.thomsonreuters.com/gfx/mkt/egvbwkzybpq/Pasted%20image%201782138193250.png
Closing snapshot https://www.reuters.com/graphics/USA-STOCKS/egvbwkzqlpq/closer.png
Early market snapshot https://fingfx.thomsonreuters.com/gfx/mkt/lgpdekkjxvo/Pasted%20image%201782224368770.png
Closing snapshot https://www.reuters.com/graphics/USA-STOCKS/zjvqgjjldvx/closer.png