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Nasdaq 25,477 Β· PCE inflation reading due today; key Fed gauge eyed ‌ ‌ ‌ ‌ ‌
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Stock Mornings
Your weekday pre-market read on US stocks.
Issue #5 Β· Thursday, June 25, 2026
Volatility (VIX)  Cautious Β· 18.0  β–Ό from 18.6 yesterday
Stocks fell modestly as investors awaited key inflation data; major M&A and earnings reports offered mixed signals on corporate health.
 
 

●  The Numbers

S&P 5007,358.22  -0.10%
-2.04% this week
Nasdaq Composite25,476.64  -0.43%
-3.41% this week
Dow Jones51,848.90  +0.35%
-0.29% this week
Russell 20002,986.63  +0.37%
+1.61% this week

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

●  The Movers

Leaders

^RUT Russell 2000+0.37%
^DJI Dow Jones+0.35%
AMZN Amazon+0.07%

Laggards

MSFT Microsoft-2.27%
TSLA Tesla-1.59%
SPCX SpaceX-1.01%

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 (7,349.01) and 200-day (6,916.45) 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) 41 β€” momentum weak.

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

●  The Brief

 PCE inflation reading due today; key Fed gauge eyed

May's personal consumption expenditures price index, the Federal Reserve's preferred inflation measure, releases at 8:30 a.m. ET. This data shapes interest-rate expectations. (CNBC)

 Germany's Merck acquires Bio-Techne for $11.3 billion

Merck KGaA agreed to buy biotech firm Bio-Techne, signaling continued consolidation in life sciences and healthcare sectors amid industry reshuffling. (CNBC)

 Darden beats earnings but Olive Garden same-store sales slow

Restaurant operator Darden exceeded profit expectations yet same-store sales growth at flagship Olive Garden and fine-dining chains fell short of forecasts. (CNBC)

 Oil prices fall as Persian Gulf tankers resume transit

Crude prices declined after months-long tanker backlog in the Strait of Hormuz cleared, signaling improved global supply outlook for energy markets. (CNBC)

Partner

The charts we read every morning

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Markets 101

How does the Federal Reserve affect stocks?

The Fed sets short-term interest rates. Higher rates make borrowing costlier and bonds more attractive, which often pressures stock valuations; rate cuts often do the reverse.

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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