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Daily Market Brief — 2026-06-29

June 29, 2026 · Markets · Macro & ticker news

A risk-on start to a holiday-shortened week as US–Iran tensions ease and rates drift lower.

Market backdrop

US equity futures point higher to open the week: Nasdaq 100 futures +1.19% (29,716.50), Dow futures +0.46% (52,449), and Russell 2000 futures +0.50% (3,037.70). The VIX is 18.31, down 0.54%, as fear ebbs. The move follows news that the US and Iran will "stand down for now" near the Strait of Hormuz, with talks reported on track. Oil is climbing today but is down roughly 10% on the week, with WTI near $69 — easing inflation and rate-hike expectations. Markets are closed Friday, July 3 for the Independence Day holiday. The week is data-heavy: June consumer confidence and JOLTS (June 30), ADP employment and ISM Manufacturing PMI (July 1), and the June jobs report (July 2). Alphabet replaces Verizon in the Dow Jones Industrial Average effective before today's open.

Sector rotation

After a soft week for technology — the Nasdaq Composite had been tracking down about 3% — growth is bouncing back today, with the tech-heavy Nasdaq outpacing the Dow. Semiconductors are recovering broadly (the iShares Semiconductor ETF near $625, up roughly 90% year-to-date), though memory names are a notable exception, softening ahead of a mid-July industry catalyst. The snap-back looks like a relief move rather than a confirmed change in leadership.

Rates, the dollar & regime

The 10-year Treasury yield sits near 4.37–4.39%, around seven-week lows, helped by a benign inflation reading and lower oil that have lowered expectations for further Fed tightening; the central bank is now seen more likely to keep rates steady. Treasuries are firm alongside equities today rather than rallying on fear, a risk-on signal. Precious metals are strong, and the falling VIX rounds out a constructive tone into a quiet pre-holiday session.

Names in focus

GMED (Globus Medical, medical devices) — recently reported strong quarterly revenue growth; analyst consensus skews positive.
CRWV (CoreWeave, AI cloud infrastructure) — recovering toward $99 after a volatile stretch; still well below its 52-week high.
AVGO (Broadcom, semiconductors) — trading near $365 amid the broader semi recovery.
SYM (Symbotic, warehouse automation) — around $41.5; well off its 52-week high.
AGQ (ProShares Ultra Silver, leveraged commodity ETF) — firmer near $68 as silver strengthens.
IREN (IREN Limited, bitcoin mining transitioning to AI data centers) — near $47, tied to Nvidia and Microsoft AI contracts.
TSLA (Tesla, EV/auto-tech) — around $383.
GOOG (Alphabet, AI/internet) — near $336; joins the Dow today.
TSM (Taiwan Semiconductor, foundry, US-listed ADR) — around $432 with a Strong Buy analyst consensus.
NBIS (Nebius Group, AI infrastructure) — near $240 after a pullback.
ZBRA (Zebra Technologies, enterprise/industrial tech) — around $246.
FANUY (Fanuc, industrial automation/robotics, OTC) — near $22.
DRAM (Roundhill Memory ETF, memory semiconductors) — near $72, softer today ahead of a mid-July catalyst.
RRX (Regal Rexnord, industrial machinery) — around $220.
VRT (Vertiv, data-center power and cooling) — near $304, down from spring highs.
BRK.B (Berkshire Hathaway, diversified) — near $499.

Compiled from public market sources; for general information only.

General market commentary compiled from public sources for informational purposes only. Nothing here is investment advice or a recommendation to buy or sell any security, and no personal position or portfolio information is implied. Do your own research.