- S&P 500 and Dow Edge Up Nasdaq Slips - US Futures Mixed as Small Caps Gain - Dow Leads Futures Nasdaq Dips Slightly
· Market News · QuoteReporter
- S&P 500 and Dow Edge Up Nasdaq Slips - US Futures Mixed as Small Caps Gain - Dow Leads Futures Nasdaq Dips Slightly
US Pre-Market Briefing | July 01, 2026
Market Commentary
**Pre-Market Commentary – July 1, 2026** US equity futures are mixed in early trading, with the Dow Jones and Russell 2000 edging up 0.15% and 0.13%, respectively, while the Nasdaq 100 dips 0.15% amid lingering pressure on tech stocks after their strong first-half performance. The S&P 500 remains flat, up just 0.08%, as investors weigh geopolitical tensions and mixed global economic signals. Oil prices remain volatile following the breakdown in U.S.-Iran peace talks, raising concerns over Middle East stability and energy supply chains. European manufacturing PMIs came in slightly mixed, with Germany and France beating expectations while Italy missed forecasts, though overall eurozone activity remains in expansion territory. The dollar continues to strengthen, pressuring commodities like aluminum, which hit a five-month low. Market focus now shifts to today’s ADP jobs report (forecast: 118K) and remarks from Fed Governor Warsh, whose tone on inflation and rate policy could sway sentiment ahead of Friday’s nonfarm payrolls data. Notable earnings today include General Mills (GIS) and FactSet (FDS) before the open, while Michael Burry’s short bet on Caterpillar (CAT) draws attention after the stock’s AI-driven rally. Mortgage demand softens as riskier loan advantages fade, reflecting tighter credit conditions. With central bank speakers dominating the calendar—including Lagarde, Bailey, and Macklem—expect volatility as markets parse any hints on policy divergence. Tech remains in the spotlight as China expands export curbs, escalating U.S.-China tensions in AI and defense sectors.
US Index Futures
| Future | Price | Change (%) |
|---|---|---|
| S&P 500 Futures | 7,536.75 | +0.08% |
| Nasdaq 100 Futures | 30,405.25 | -0.15% |
| Dow Jones Futures | 52,576.00 | +0.15% |
| Russell 2000 Futures | 3,037.70 | +0.13% |
Economic Data Released Today
| Time | Cur | Imp | Event | Actual | Forecast | Previous |
|---|---|---|---|---|---|---|
| 02:00 | GB | Med | Nationwide HPI (MoM) (Jun) | 0.0% | 0.1% | -0.6% |
| 02:00 | GB | Med | Nationwide HPI (YoY) (Jun) | 2.2% | 2.4% | 1.7% |
| 03:45 | EU | Med | HCOB Italy Manufacturing PMI (Jun) | 52.2 | 52.4 | 52.9 |
| 03:50 | EU | Med | HCOB France Manufacturing PMI (Jun) | 51.2 | 50.7 | 49.7 |
| 03:55 | EU | Med | HCOB Germany Manufacturing PMI (Jun) | 50.3 | 50.0 | 50.1 |
| 04:00 | EU | Med | HCOB Eurozone Manufacturing PMI (Jun) | 51.4 | 51.3 | 51.6 |
| 04:30 | GB | Med | S&P Global Manufacturing PMI (Jun) | 52.5 | 53.1 | 53.9 |
| 05:00 | EU | Med | Core CPI (YoY) (Jun) | 2.4% | 2.5% | 2.6% |
| 05:00 | EU | High | CPI (YoY) (Jun) | 2.8% | 3.0% | 3.2% |
| 05:00 | EU | Med | CPI (MoM) (Jun) | -0.1% | 0.1% |
Upcoming Economic Releases
| Time | Cur | Imp | Event | Forecast | Previous |
|---|---|---|---|---|---|
| 06:15 | EU | Med | ECB's Lane Speaks | ||
| 07:45 | US | Med | FOMC Member Daly Speaks | ||
| 08:15 | US | High | ADP Nonfarm Employment Change (Jun) | 118K | 122K |
| 09:00 | GB | Med | BoE Gov Bailey Speaks | ||
| 09:00 | US | Med | Fed Governor Warsh Speaks | ||
| 09:00 | CA | Med | BoC Gov Macklem Speaks | ||
| 09:00 | EU | Med | ECB President Lagarde Speaks | ||
| 09:45 | US | High | S&P Global Manufacturing PMI (Jun) | 55.7 | 55.1 |
| 10:00 | US | Med | Construction Spending (MoM) (May) | 0.1% | 0.4% |
| 10:00 | US | Med | ISM Manufacturing Employment (Jun) | 48.6 | |
| 10:00 | US | High | ISM Manufacturing PMI (Jun) | 53.8 | 54.0 |
| 10:00 | US | High | ISM Manufacturing Prices (Jun) | 77.7 | 82.1 |
| 10:30 | US | High | Crude Oil Inventories | -2.900M | -6.088M |
| 10:30 | US | Med | Cushing Crude Oil Inventories | -1.077M | |
| 10:30 | EU | Med | ECB President Lagarde Speaks | ||
| 11:30 | US | Med | Atlanta Fed GDPNow (Q2) | 2.5% | 2.5% |
| 15:15 | US | High | U.S. President Trump Speaks | ||
| 21:30 | AU | Med | Trade Balance (May) | 2.190B | 1.791B |
| 23:35 | JP | Med | 10-Year JGB Auction | 2.649% |
Earnings Today
Before Market Open (BMO)
| Ticker | Company | Market Cap |
|---|---|---|
| GIS | General Mills Inc | $18.6B |
| FDS | Factset Research Systems Inc | $8.4B |
| MSM | MSC Industrial Direct Co Inc | $6.6B |
| UNF | Unifirst Corp | $4.6B |
| MWC | Micware Co Ltd ADR | $226M |
After Market Close (AMC)
| Ticker | Company | Market Cap |
|---|---|---|
| GBX | Greenbrier Cos. Inc | $1.5B |
| FC | Franklin Covey Co | $277M |
| BSET | Bassett Furniture Industries Inc | $153M |
| CULP | Culp Inc | $39M |
FX Snapshot
| Pair | Price | Change (%) |
|---|---|---|
| EUR/USD | 1.14 | -0.22% |
| GBP/USD | 1.32 | -0.10% |
| USD/JPY | 162.69 | +0.05% |
| USD/CHF | 0.81 | +0.21% |
| AUD/USD | 0.69 | -0.28% |
| USD/CAD | 1.42 | +0.15% |
Gold, Oil and Gas
| Commodity | Price | Change (%) |
|---|---|---|
| Gold | 4,036.50 | +1.08% |
| Silver | 59.15 | +1.49% |
| WTI Crude | 69.04 | -1.12% |
| Brent Oil | 72.38 | -1.23% |
| Natural Gas | 3.23 | -0.64% |
Crypto
| Crypto | Price | Change (%) |
|---|---|---|
| Bitcoin | $58,605.75 | +0.11% |
| Ethereum | $1,570.13 | +0.03% |
Disclaimer
The content on MarketsFN.com is provided for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or trading guidance. All investments involve risks, and past performance does not guarantee future results. You are solely responsible for your investment decisions and should conduct independent research and consult a qualified financial advisor before acting. MarketsFN.com and its authors are not liable for any losses or damages arising from your use of this information.
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