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Nasdaq 25,587 Β· Congress considers bill requiring tech firms to fund AI data center energy ‌ ‌ ‌ ‌ ‌
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Stock Mornings
Your weekday pre-market read on US stocks.
Issue #4 Β· Wednesday, June 24, 2026
Volatility (VIX)  Cautious Β· 19.2  β–Ό from 19.5 yesterday
Worth noting  Tesla (TSLA) moved -5.79% on the day.
Tech stocks declined sharply overnight as chip sector weakness persisted; semiconductor outlook and AI infrastructure policy developments weigh on sentiment.
 
 

●  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

 Congress considers bill requiring tech firms to fund AI data center energy

A House subcommittee may advance legislation requiring technology companies to pay energy costs for operating AI data centers, potentially increasing expenses for major tech operators. (CNBC)

 SK Hynix plans $29.7 billion Nasdaq listing of new shares

South Korea's major chipmaker SK Hynix announced plans to raise nearly $30 billion through a secondary Nasdaq offering, signaling capital expansion amid semiconductor sector turbulence. (CNBC)

 Toyota cuts overseas production citing Hormuz Strait disruption risks

Toyota is reducing international production output due to concerns over disruptions to shipping routes in the Hormuz Strait, affecting global automotive supply chains. (Yahoo Fin)

 Cerebras stock drops 14% on weak full-year margin guidance

AI chip company Cerebras fell sharply after providing disappointing full-year profit margin forecasts, adding to sector-wide semiconductor weakness seen in overnight trading. (Yahoo Fin)

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Markets 101

What is a 52-week high or low?

The highest and lowest price a stock has traded at over the past year. It frames where today's price sits in its recent range β€” a context number, not a prediction.

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.

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