Morning Preview: June 29, 2026

Early Look

Monday, June 29, 2026

Futures	Up/Down	%	Last
Dow	222	0.43%	52,426
S&P 500	62.25	0.83%	7,463
Nasdaq	368.75	1.25%	29,732

Following another lackluster day on Friday, stocks rebounded overnight into the pre-market this morning. Perhaps today we can avoid selling strength on rate hike fears, but it’s early. Over the weekend, Iran and the US traded strikes and stepped up the rhetoric again but later agreed to halt strikes and return to talks this week. The economic calendar is light, so there are no obvious catalysts today as the holiday-shortened week kicks off.

In Asian markets, The Nikkei Index bounced 107 points to 69,468, the Shanghai Index gained about 47 points to almost 4,074 and the Hang Seng Index rose about 355 to 23,027. In Europe, the German DAX is up 9 to 24,680, while the FTSE 100 is off 27 to 10,481.

Market Closing Prices Yesterday

The S&P 500 Index slipped 3.47 points, or 0.05%, to 7,354.02

The Dow Jones Industrial Average dropped 44.49 points, or 0.09%, to 51,876.11
The Nasdaq Composite fell 60.98 points, or 0.24%, to 25,297.62
The Russell 2000 Index gained 2.22 points, or 0.07% to 3,010.08

Economic Calendar for Today

10:30 AM ET Dallas Fed Manufacturing for June

Earnings Calendar:

Earnings Before the Open: None

Earnings After the Close: AVAV CNXC

Other Key Events:

Goldman Sachs APAC Consumer & Leisure Corporate Day, 6/29-7/3, in Hong Kong

China Composite PMI
China NBS Manufacturing PMI

Macro	Up/Down	Last
Nymex	0.74	69.97
Brent	0.48	73.08
Gold	-44.30	4,052
EUR/USD	0.0016	1.1405
JPY/USD	0.1290	161.859
10-Year Note	-0.02	4.372%

Sector News Breakdown

Consumer

In retail, KR announced that Ronald L. Sargent would step down as chair and will remain non-executive chair effective July. TSCO and 4-H Collaborate with Starlink to bridge the digital divide in rural communities. PAHC appoints Daniel (Dani) Bendheim as CEO And President effective July 1, 2026. In an SEC filing, GME said they expect FY2026 adj Ebitda in excess of $600M compared to adjusted Ebitda of $345.4M in FY2025.; co. remains focused on advancing the proposed acquisition of EBAY.

In cannabis, TRLV announced planned termination of executive automatic securities disposition plan.
In leisure, Bloomberg reported that TPG and private Leonard Green, the private equity owners of Troon Golf, are exploring a potential sale of the company, according to people familiar with the matter.

Energy, Industrials and Materials

In the utility sector, AES, via a Friday night PR, announced that its shareholders approve proposed takeover by BLK’s Global Infrastructure Partners and EQT Infrastructure VI Fund at $15/share in cash.

In auto, VWAGY announced plans to end automated driving tie-up with Bosch, Bild reports.
In oil & gas, Bloomberg reported that MGY has emerged as the front-runner to acquire closely held WildFire Energy for more than $4B in what would rank as its largest-ever acquisition, according to people familiar with the matter. VG announced the closing of $1.5b senior secured vessel financing facility. Shares of GPOR moved higher in AHs trading after it was announced they would replace SEM in S&P 600 at open on 7/1.
In aerospace, EVTL filed a $500M mixed securities shelf after Friday’s close. In a slew of SEC filings, SPCX announced it had issues $25B In Senior Unsecured Notes Across 5 Maturities Under Indenture with Bank of NY Mellon ($7B 5.35% Senior Notes Due 2031; $6B 5.65% Senior Notes Due 2033; $6B 5.88% Senior Notes Due 2036; $2.5B 6.6% Senior Notes Due 204 and $3.5B 6.65% Senior Notes Due 2056).
In mining, BMM announced it is to receive 30% stake in a combined VMS entity in $15M share deal subject to capital raise and future listing. UROY announced it has called a July 20, 2026, special meeting where shareholders will vote on a plan of arrangement to merge the company with Sweetwater Investors’ 92% stake in U.S. trona royalty assets and land under a new Nasdaq-listed parent, New URC. LAC files to sell 69.42M common shares for holders.
In defense, VVX was awarded a $500M Air Force contract.
In paper, IP announced it continues strategic transformation with North America packaging network optimization with portfolio changes position the company to better serve customers and support long-term growth.

Financials

In real estate, STRS, in a Friday night PR, announced that it has completed the previously disclosed sale of the retail component of Jones Crossing, including undeveloped commercial acreage, for $46.5M in cash. KRG announced the completion of the sale of City Center, a multi-level mixed-use asset in White Plains, New York, for gross proceeds of $50M.

In banking, CCNE filed a prospectus for offering mixed shelf with undisclosed terms. BLSH receives Gibraltar financial services commission approval to offer trading in tokenized securities.
In SPACs, ALPX announced the closing of $115M IPO, including full exercise of over-allotment option.

Healthcare

In biotech, MNPR, in a Friday night PR, presented new analyses of phase 3 focus data at EAN 2026 showing greater neurologic and global clinical benefit with alxn1840 versus standard of care in Wilson Disease. LNTH announced that the FDA issued a Complete Response Letter regarding its New Drug Application For LNTH-2501. Nanocap NEUP confirmed they had held discussions with London-listed Scancell Holdings about a potential acquisition. RKDA filed a prospectus pursuant to which selling stockholders may offer up to 11.92M shares of common stock for resale. JUNS registered resale of up to 16M shares by selling stockholders. SYRE filed a prospectus for offering mixed shelf with terms undisclosed. ASND announced it has been added to multiple Russell Indexes, including the 3000, 1000, 2500 and Russell midcap. INDP files to sell 18.86M shares of common stock for holders. VRDN saw its shares move higher in AHs trading after it announced it had received FDA approval for lumvoa for the treatment of thyroid eye disease; co. plans to launch lumvoa immediately. AZN announced that Efzimfotase alfa demonstrated improvements in bone health in treatment-naïve pediatric patients with hypophosphatasia achieving median difference of 1.67 vs placebo in RGI-C Score at week 25 in MULBERRY Phase III trial. BBIO announced publication in the New England Journal of Medicine of Phase 3 PROPEL 3 Trial of Oral Infigratinib in children living with achondroplasia. On Monday morning, ZYME announced that they would acquire TBPH for $17 per share in cash ($929M) plus a contingent value right. UTHR announces FDA approval of the lungfx™ device for centralized ex vivo lung perfusion. NTRA and Aveta Biomics announce strategic partnership supporting global phase 3 registrational trial of apg-157 in head and neck cancer.

In healthcare, shares of nanocap UPC rose +200% in Friday Ahs trading after the company announced it will acquire Best Praise International for $10.75M; a company that holds 5 patents in China with potential applications in pharmaceutical development. SEM announces stockholder approval of acquisition by consortium led by Robert A. Ortenzio, Martin F. Jackson, and WCAS.

Technology, Media & Telecom

In technology and gaming, the NY Times reported that META’s Mark Zuckerberg is urging his company to explore working with Polymarket and Kalshi. Zuckerberg’s plans for Arena, a prediction markets app that Meta is building, also include appealing to 18- to 34-year-old users. MBGL to replace Core Laboratories in S&P 600 at open on 7/2. TCEHY is testing an app aimed at helping overseas visitors navigate daily life in China, Jiemian News reported on Sunday. AAPL is lobbying the Trump administration for clearance to buy memory chips from CXMT, a Chinese company that the Pentagon has put on a blacklist because of alleged connections to the People’s Liberation Army, according to six people familiar with the matter per the FT. TRTPF partnered with e-commerce giant SHOP to allow merchants to showcase and manage Trustpilot reviews directly on their online stores per Bloomberg. YOU entered a partnership with AMZN’s AWS to integrate its CLEAR1 identity platform into contact Centers running Amazon Connect.

In AI, AIIO filed a prospectus for offering 22.344M Class B ordinary shares on behalf of selling shareholders. FFAI files prospectus to offer up to $300M in securities. Anthropic moves toward a deal with US to lift curbs on AI models. The FT reported that GOOGL has put limits on META’s use of its Gemini AI models after the social media giant sought more computing capacity than the rival tech group could provide, in the latest evidence of the infrastructure constraints facing even the world’s largest AI providers.

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Market commentary provided by Hammerstone Markets, Inc, a firm separate from and not affiliated with Regal Securities. Regal Securities has not participated in the creation of the content, and does not explicitly or implicitly endorse the content.