News Bulletin
Wednesday, June 24 2026
Evening Edition
Economic Numbers:
|
Time |
Event |
Actual |
Forecast |
Previous |
|
Wednesday,
June 24, 2026 |
|
|||
|
7:00 |
MBA 30-Year Mortgage Rate |
6.59% |
|
6.60% |
|
7:00 |
MBA Mortgage Applications (WoW) |
1.00% |
|
-3.80% |
|
7:00 |
MBA Purchase Index |
169.7 |
|
170.8 |
|
7:00 |
Mortgage Market Index |
272.1 |
|
269.5 |
|
7:00 |
Mortgage Refinance Index |
834.2 |
|
810.2 |
|
8:30 |
Current Account (Q1) |
-226.8B |
-212.0B |
-221.1B |
|
8:30 |
Building Permits (May) |
1.410M |
1.413M |
1.423M |
|
8:30 |
Building Permits (MoM)
(May) |
-0.90% |
-0.70% |
4.40% |
|
10:00 |
New Home Sales (May) |
580K |
638K |
626K |
|
10:00 |
New Home Sales (MoM)
(May) |
-7.30% |
|
-5.70% |
|
10:30 |
Crude Oil Inventories |
-6.088M |
-3.900M |
-8.263M |
|
10:30 |
Cushing Crude Oil Inventories |
-1.077M |
|
-1.606M |
|
10:30 |
EIA Weekly Refinery Utilization Rates (WoW) |
-0.006 |
|
0.014 |
|
10:30 |
Crude Oil Imports |
0.094M |
|
-0.241M |
|
10:30 |
EIA Refinery Crude Runs (WoW) |
-0.081M |
|
0.230M |
|
10:30 |
Distillate Fuel Production |
0.055M |
|
-0.029M |
|
10:30 |
Gasoline Inventories |
2.064M |
-0.600M |
-0.906M |
|
10:30 |
Heating Oil Stockpiles |
0.722M |
|
-0.204M |
|
10:30 |
EIA Weekly Distillates Stocks |
3.064M |
-0.500M |
0.951M |
|
10:30 |
Gasoline Production |
-0.588M |
|
0.356M |
|
13:00 |
5-Year Note Auction |
0.042 |
|
0.04182 |
|
15:26 |
Fed Governor Cook Speaks |
|
|
|
|
34m |
Fed Bank Stress Test Results |
|
|
|
|
20:30 |
U.S. President Trump Speaks |
|
|
|
Indices:
|
|
CLOSE |
50 DMA |
200 DMA |
|
DJIA |
51,850.87 |
50,159.06 |
48,248.22 |
|
NASDAQ |
25,476.64 |
25,716.93 |
23,589.81 |
|
S&P 500 |
7,358.45 |
7,359.39 |
6,921.76 |
Earnings Calendar:
(EPS: Earning Per Share)
|
Company |
EPS |
Consensus |
Previous |
Revenue |
Consensus |
Previous |
MarketCap |
Fiscal |
Time |
|
Micron
Technology MU |
10.81 |
1.91 |
22.51B |
9.3B |
$1.15T |
Q3 |
PM |
||
|
Paychex PAYX |
1.32 |
1.34 |
1.19 |
1.61B |
1.62B |
1.43B |
$35.26B |
Q4 |
PM |
|
Millerknoll MLHR |
0.61 |
0.6 |
993.2M |
961.8M |
$1.17B |
Q4 |
PM |
||
|
Methode
Electronics MEI |
-0.09 |
244.04M |
$474.2M |
|
PM |
Market
News:
The Nasdaq Composite pulled back on Wednesday as Micron
Technology shares fell, with investors looking ahead to the
release of chipmaker’s earnings after the bell.The
tech-heavy index slipped 0.4%, while the S&P 500 declined 0.1%. The Dow
Jones Industrial Average added 184 points, or about 0.4%.
The U.S. dollar climbed to its strongest point in 13-months on
Wednesday as interest rate expectations grew more aggressive and investors
sought safety amid a technology sector selloff.
Gold prices slumped
to seven-month low touching below psychologically important $4,000-per-ounce
level, as a stronger U.S. dollar and rising expectations of Federal Reserve
rate hikes reduced the appeal of the non-yielding metal.
Oil prices on
Wednesday hit significant milestones, with Brent crude, the global benchmark,
hitting its lowest level since just before the start of the Middle East
conflict. Improving shipping activity through the critical Strait of Hormuz eased
fears of a prolonged supply disruption.
Microchip Technology
Inc (NASDAQ:MCHP) shares fell 2.8% Wednesday after short
seller J Capital Research published a cautious report on the semiconductor
company, questioning its data center growth prospects
despite recent AI-related enthusiasm.
Google has
postponed the launch of its Gemini 3.5 Pro artificial intelligence model to
July, according to a report from Business Insider, citing a person familiar
with the matter. The company originally planned to release the new frontier AI
model in June.
Neucleus Group Limited has filed for an initial public
offering of 4,500,000 Class A ordinary shares, with an estimated price range of
$4 to $5 per share, according to a statement from the company.
Cardinal Health
stock has reached an all-time high, hitting a price of $233.69. The healthcare
giant, with a market capitalization of $54.7 billion, is trading just 1% below
its 52-week high of $233.60.
Airbnb Inc’s stock has reached a 52-week high, hitting a
price of $147.27. The home-sharing platform commands a market capitalization of
$86.93 billion, supported by impressive fundamentals including an 82.9% gross profit
margin and revenue of $12.65 billion over the last twelve months.
General Electric (GE) stock has
reached a new milestone, hitting an all-time high of 364.88 USD. The aerospace
giant, now valued at nearly 380 billion USD, is trading just 1% below its
52-week high of 364.70 USD
Nike stock has
reached a 52-week low, touching a price of $41.33, down from
its 52-week high of $80.17. Over the past year, the stock has experienced a
significant decline, with a 1-year change of -31.74% and a year-to-date drop of
32.4%
Mega-Cap Movers
(Market Cap:$200 billion USD or higher)
SanDisk Corp-Exch (SNDK) -4.73%
Seagate Technology (STX) -6.96%
Palantir Technologies Inc (PLTR) -3.4%
Large-Cap Stock
Movers (Market Cap:$10-$200 billion USD)
ICON Plc (ICLR) +12.52%
Natera Inc (NTRA); Natera receives Japan regulatory
approval for cancer test +10.52%
Affirm Holdings (AFRM) +7.68%
Flowserve Corp (FLS); Flowserve stock downgraded by TD Cowen on outlook
concerns -9.76%
Mid-Cap Stock Movers
(Market Cap:$2-$10 billion USD)
Kb Home (KBH); KB Home shares jump 4% on top-line beat in Q2 as
Built-to-Order model gains momentum +16.46%
Churchill Capital (INFQ) -13.13%
AXT Inc (AXTI) -12.51%
Small-Cap Stock
Movers (Market Cap:$300 million - $2 billion USD)
Absci (ABSI); Absci reports phase 1 interim data for
hair loss drug ABS-201 +37.85%
Nuvectis Pharma (NVCT)
+34.59%
The Wendys Co (WEN) +30.13%
BUUU (BUUU) +13.89%
Tortoise Acquisition Corp (HYLN) -20.66%
For
internal use only