Based on current market data and news (as of June 24, 2026, 00:25 UTC), here are the notable stock market trends: ## **1. AI/Tech Sector Selloff Continues** - **Major tech stocks are sliding** as the AI trade cools: Nvidia (NVDA) down 4.13%, leading the market lower. - **Cerebras (CBRS)** dropped on its earnings debut with margins below chip rivals. - **Oracle (ORCL)** is cutting 21,000 jobs to prepare for a $50B AI buildout. ## **2. Geopolitical & Energy Trends** - **Oil prices** are reacting to the Iran deal, with potential to drop to $70 per barrel after sanctions are lifted. - **Iran and Oman** are discussing Hormuz tolls despite Trump's pledge. - **U.S. Senate voted to end the Iran war** in a rebuke to Trump. ## **3. Earnings Season Impact** - **FedEx (FDX)** sank 3.51% after "trade policy whiplash" weighed on results. - **Micron (MU)** is set to report Q3 earnings after the bell on Wednesday amid sky-high data demand. - **SpaceX (SPCX)** wiped out post-IPO gains before bouncing back (+0.98%). ## **4. Market Indices & Futures** - **Futures are slightly positive** after yesterday's tech-led selloff: - S&P Futures: 7,456.00 (+0.25%) - Dow Futures: 52,102.00 (+0.04%) - Nasdaq Futures: 29,833.00 (+0.56%) - VIX (Volatility Index): 19.49 (+12.79% - higher volatility) ## **5. Top Movers** - **Top Gainers**: MAAS (+18.99%), QNT (+13.46%), INFQ (+12.32%), QURE (+10.48%), VKTX (+7.54%) - **Top Losers**: PRIM (-21.59%), FLNC (-15.80%), AXTI (-15.72%), AAOI (-13.89%), SNDK (-13.64%) - **Most Active**: AAL (American Airlines), SPCX (SpaceX), INTC (Intel), NVDA (Nvidia), SOFI (SoFi) ## **6. Other Notable Trends** - **Meta** plans to build a prediction market app, impacting DraftKings and Robinhood stocks. - **Tesla (TSLA)** leads Cars.com's American-Made Index again, but is down 5.79%. - **Bitcoin (BTC)** is down 2.03% to $62,781. - **Gold** is down 0.60% to $4,124.70. **Key Takeaway**: The market is showing a slight rebound in futures after yesterday's tech-driven selloff, but volatility remains elevated. The AI trade is cooling, while geopolitical factors (Iran deal) are impacting energy prices. Earnings reports are driving individual stock movements.