Pre-market (2026-07-23) · tech split, earnings heavy
Futures were choppy. Semiconductor guidance and big-tech earnings were in focus; Fed speakers and the 10-year yield mattered.
Macro
Overnight yields rose and the US dollar firmed. The soft-landing narrative was still priced in, but expensive growth names were sensitive.
Sectors
Tech: AI leaders were split; flows favored names with clean prints. Consumer: retail data added volatility in discretionary names.
Today
Before the open: large tech and semiconductor earnings. During the session: energy inventories and jobs data. After the close: mid-cap growth reports.