Pre-Market Report – Friday 26 June: US Markets mixed - Bite taken out of Apple - Micron surges - SPI up 9 - Gold up - Oil up

US equities finished mixed on Thursday, with the S&P 500 flat, the Nasdaq 100 falling 0.5%, and the Dow Jones up 0.1%. Investors reassessed their exposure to mega-cap tech stocks while also weighing encouraging economic data. Despite optimism surrounding semiconductors and AI demand, concerns over concentrated gains in a few hyperscale and software names weighed on broader indices. Micron rallied over 15% after stronger-than-expected earnings and a bullish revenue forecast for the August quarter, while Qualcomm rose nearly 4% after doubling its projection for non-handset revenue in the next three years. By contrast, Nvidia, Oracle, Amazon, Alphabet, and Microsoft saw losses up to 3.7%. Apple fell 6.1% after raising prices on MacBook and iPad products, citing higher component costs, including memory chips. Fresh data showed the US economy growing faster than previously estimated and inflation rising in line with expectations, prompting a slight reduction in Fed tightening bets.SPI up 9 - Gold up - Oil up - Karl gone! Go the Socceroos!Marcus Today – Daily Market InsightsMarcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.If you'd like to go further:Start a free 14-day trial of Marcus Today http://bit.ly/mt-trial-podcastJoin Marcus Today Use code MTPODCAST for 10% off http://bit.ly/mt-join-podcast-offerMT20 – Managed ETF Portfolio A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing. http://bit.ly/mt20-podcastPrinciples – How We Think About Investing A short video series on timing, behaviour, and decision-making. No stock tips. http://bit.ly/mt-principles-podcast—Disclaimer This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.