🔔 Stock Mornings← All issues
Nasdaq 25,587 Β· Chip sector selloff pressures broader market ahead of Micron earnings ‌ ‌ ‌ ‌ ‌
🔔
Stock Mornings
Your weekday pre-market read on US stocks.
Issue #3 Β· Tuesday, June 23, 2026
Volatility (VIX)  Cautious Β· 19.5  β–² from 17.3 yesterday
Worth noting  Tesla (TSLA) moved -5.79% on the day.
S&P 500 and Nasdaq declined sharply as chipmaker weakness spread; Alphabet joins Dow as tech reshapes index composition.
 
 

●  The Numbers

S&P 5007,365.46  -1.44%
-2.50% this week
Nasdaq Composite25,587.04  -2.21%
-4.11% this week
Dow Jones51,666.84  -0.09%
-0.01% this week
Russell 20002,975.48  -0.96%
+0.35% this week

Before the bell: see how Asia, Europe & US futures traded overnight →

●  The Movers

Leaders

MSFT Microsoft+1.80%
SPCX SpaceX+0.98%
AMZN Amazon+0.57%

Laggards

TSLA Tesla-5.79%
NVDA Nvidia-4.13%
^IXIC Nasdaq Composite-2.21%

The day's best and worst of the tracked indices and mega-caps Β· day-over-day change.

●  The Read

S&P 500 β€” description, not prediction

Trading above both its 50-day (7,339.57) and 200-day (6,912.07) averages β€” the longer-term trend reads as up. 30-day range 7,266.99–7,609.78; currently in the lower third of that range. RSI(14) 39 β€” momentum weak.

See where every market sits on the daily page β†’

●  The Brief

 Chip sector selloff pressures broader market ahead of Micron earnings

Chipmaker stocks, including Micron, declined significantly Tuesday, weighing on the S&P 500 and Nasdaq. Traders are watching earnings to gauge whether semiconductor weakness will persist or stabilize. (CNBC)

 Alphabet replaces Verizon in Dow Jones Industrial Average

The Dow Jones swapped Verizon for Alphabet, marking a significant shift toward technology stocks in the historic index. This reflects changing market composition and corporate importance to the US economy. (CNBC)

 House passes affordable housing bill, sends to Trump

The House passed legislation aimed at lowering homebuying costs and limiting private equity involvement in housing. The bill now heads to the President's desk for final approval or veto. (CNBC)

 Cerebras forecasts margin decline in first post-IPO earnings

The AI chipmaker, which went public in May, fell 10% after projecting shrinking margins in its initial earnings report. The guidance raised questions about profitability in the competitive AI chip market. (CNBC)

Partner

The charts we read every morning

TradingView is the charting platform a lot of "The Read" leans on β€” live charts, screeners and alerts for stocks, indexes and the VIX. New to it? This link puts toward a paid plan.

Try TradingView β†’

Markets 101

What is RSI?

The Relative Strength Index, a 0–100 momentum gauge. Below 30 is traditionally called "oversold" and above 70 "overbought" β€” descriptions of recent momentum, not signals about what comes next.

β€œMarkets are a description of today, not a forecast of tomorrow.”

Stock Mornings is an educational digest for US readers. Nothing here is financial, investment, tax, or legal advice. Stocks carry risk β€” you can lose money, and past performance does not predict future results. Some links may be affiliate links; we may earn a commission at no cost to you. Prices via Yahoo Finance, captured shortly before the opening bell.

Forwarded this email? Get your own free β†’

Part of the Mornings family from SolutionC LLC  ·  Gold Mornings  ·  Coin Mornings

stockmornings.com

← All issues  ·  stockmornings.com