Market Update: Indices and Investor Sentiment
Futures and options traders were busy on the floor of the NYSE American on June 24, 2026. It was a typical day, but one of those where the market felt the weight of big tech’s recent struggles.
On Thursday night, S&P 500 futures barely moved as tech giants’ declines impacted the broader market index. Meanwhile, Nasdaq 100 futures saw a slight dip of 0.2%, while Dow Jones Industrial Average Futures rose by 69 points, or 0.1%.
Investors seemed to be steering away from technology stocks on Thursday. The Nasdaq Composite dropped 0.46%, marking its first four-day losing streak since February. The S&P 500 didn’t fare much better, slightly down by 0.01%. However, there was some rotation towards healthcare, financials, and industrial sectors, which helped boost blue-chip stocks—particularly, the Dow was up by 71.72 points, or 0.14%.
Apple’s shares fell by 6% after announcing price increases for iPads and MacBooks, citing surging demand for memory and storage components. Similarly, Microsoft faced a more than 3% drop in its stock price following a hike in Xbox prices due to rising material costs. Other tech stalwarts, like Alphabet and Meta Platforms, also closed lower.
Julia Herman, a global market strategist at New York Life Investment Management, shared her thoughts on CNBC’s “Closing Bell,” indicating that the market is perhaps more unstable now, especially in the semiconductor and memory sectors. “It feels like we’re at a point where the market is really testing our conviction,” she said. This rearrangement, combined with shifting expectations from the Federal Reserve, may lead to a volatile environment.
Thursday’s declines added to the Nasdaq Composite’s week-to-date losses, currently set to finish down approximately 4.4% for the week. In contrast, the S&P 500 is down about 1.9%, while the Dow has actually gained 0.7% since Monday.
On Friday morning, all eyes will likely be on the preliminary wholesale inventory numbers for May, along with the University of Michigan’s final sentiment figures for June.
