The S&P 500 gained 0.72 %, the Dow Jones Industrial Average rose 0.82 %, and the Nasdaq 100 increased 0.50 % today. September E‑Mini S&P futures moved up 0.56 %, while September E‑Mini Nasdaq futures climbed 0.33 %.
Index gains reflected a rebound from Tuesday’s sharp sell‑off, as investors shifted focus to Micron Technology’s earnings announcement later that day. Micron, one of the largest beneficiaries of the surge in artificial‑intelligence demand, has seen its share price rise more than 260 % this year.
South Korea’s Kospi Index closed 3 % higher after SK Hynix announced plans to raise 45.45 trillion won ($29 billion) through a U.S. listing to fund additional chip‑making capacity.
Home‑building and materials stocks advanced following the passage of the 21st‑Century Road to Housing Act, while airlines and cruise carriers posted gains as the fall in crude oil prices to a 3.5‑month low reduced fuel costs and improved profitability prospects.
West Texas Intermediate crude continued its decline, falling more than 4 % to a 3.5‑month low. The price drop lowered inflation expectations and pushed bond yields lower: the 10‑year Treasury yield fell 8 basis points to a six‑week low of 4.41 %. The 10‑year breakeven inflation rate also fell to a 14‑month low of 2.176 %.
U.S. mortgage‑banking activity rose 1.0 % in the week ended June 19, with the refinance sub‑index gaining 3.0 %. The average 30‑year fixed‑rate mortgage slipped 1 basis point to 6.59 % from 6.60 % the previous week.
The U.S. first‑quarter current‑account deficit widened to $225.8 billion, exceeding expectations of $208.9 billion.
May new‑home sales fell 7.3 % month‑over‑month to a four‑month low of 580,000 units, below the anticipated increase to 640,000.
Market participants discount a roughly 32 % probability of a 25‑basis‑point rate hike at the next Federal Open Market Committee meeting, scheduled for July 28‑29.
International equity markets delivered mixed results: the Euro Stoxx 50 slipped to a one‑week low, dropping 0.39 %, while China’s Shanghai Composite rose 0.11 % and Japan’s Nikkei‑225 fell 0.88 % to a one‑week low.
In the fixed‑income arena, September 10‑year Treasury note yields fell to 4.06 %, a six‑week low. Rising yields on shorter‑dated Treasury notes are anticipated due to an upcoming auction of $28 billion of 2‑year floating‑rate notes and $70 billion of 5‑year notes.
European government bonds trended lower. The 10‑year German bund yield fell to a 3.5‑month low of 2.862 %, and the 10‑year U.K. gilt yield dropped to a three‑month low of 4.68 %.
German economic data were positive: the June IFO business‑confidence index rose 0.6 point to 85.6, surpassing forecasts of 85.5.
European Central Bank policy expectations were mild, with swaps pricing in only a 7 % chance of a 25‑basis‑point rate hike at the next policy meeting on July 23.
Key equity sector movements included gains in home‑building and materials stocks, airlines, and cruise lines, supported by lower fuel costs. Several technology and growth stocks also experienced mixed performance, reflecting broader market volatility.
As of June 24, 2026, notable earnings releases include Micron Technology, Jefferies Financial Group, Immersion Corp, and others. Investors should review company guidance and market reactions for individual performances.
