S&P 500, Nasdaq eye rebound from tech rout with Micron in focus

June 24, 2026

Breaking News

Image source: Pexels

US stock futures steadied on Wednesday after a second bruising day for techs, with Wall Street looking to Micron's earnings later for a health check on AI demand.

Nasdaq 100 futures rose 0.6%, while those on the S&P 500 edged up 0.2%, following steep losses for the indexes on Tuesday as AI-focused names took a hit.

Contracts on the Dow Jones Industrial Average, which includes fewer tech stocks, traded broadly flat.

Worries about lofty valuations and massive spending, alongside fears of coming interest-rate hikes, have prompted a wave of profit-taking in high-flying AI-linked stocks.

Micron's earnings are due after the bell on Wednesday, and its results will be closely watched as Wall Street assesses just how much faith to put in AI.

Its shares have been on a tear this year, rising more than 250%, but they sank 13% on Tuesday amid the tech rout. Yahoo Finance reports.

EdgeUp

🏢 Hyperscale Data Executes First Master Services Agreement for 20 Megawatts of Critical Michigan Data Center. Stock soars in pre-market

Hyperscale Data, Inc., an artificial intelligence data center company anchored by Bitcoin, today announced the signing of a Master Services Agreement to provide colocation and related data center services between Alliance Cloud Services, LLC, an indirect wholly owned subsidiary of the Company, and a California-based neocloud provider at its Michigan data center campus.

The customer's offerings include cloud and managed services dedicated to providing tailored, state-of-the-art compute resources and high-speed storage solutions at scale with industry-leading partners. PR Newswire reports.

🍔 Why Is Wendy's Stock Gaining Wednesday?

The Wendy’s Company stock soared in Wednesday’s premarket session, putting the fast-food chain on track for its strongest single-day gain in years, as investors cheered a key executive appointment and retail traders piled into the stock amid heavy short interest.

The stock jumped more than 20% in early trading after Wendy’s named Steve Cirulis as chief financial officer and chief strategy officer.

Cirulis previously held the same positions at Potbelly Sandwich Works, where he worked alongside current Wendy’s Chief Executive Officer Bob Wright. Benzinga reports.

🔐 BTQ Stock Surges 31% Amid Quantum-Security Demand and Washington Policy Moves

BTQ Technologies Corp surged over 30% in late Nasdaq trading Tuesday as the Vancouver quantum security firm brought on Brandt Pasco as U.S. strategic adviser.

The move put BTQ at the center of a burst of quantum activity tied to Washington.

Shares last traded at $5.80, up $1.36 from the previous close. Volume topped 13 million.

It’s a big swing for a company pitching itself at the intersection of quantum computing, cybersecurity, and digital-asset infrastructure. TechStock² reports.

🛰️ SpaceX stock at $150 draws short bets while bond buyers step in

Space Exploration Technologies Corp traded at $156.19 before the open on Wednesday, with Nasdaq set to start regular hours at 9:30 a.m.

The stock had dropped below its first-day Nasdaq open during Tuesday’s session but ended up 0.98% at $156.11.

Shares hit a low of $147.11 Tuesday.

Debt tells the story for investors. SpaceX has sold $25 billion in senior unsecured notes, according to someone with knowledge of the deal who spoke to Reuters.

Orders hit roughly $85 billion, or 3.4 times more than what was sold.

These bonds take priority over equity but aren’t tied to any assets. TechStock² reports.

🏢 Why Leifras Shares Are Trading Higher By Around 23%

Shares of Leifras Co Ltd rose sharply in pre-market trading after the company announced it will acquire SWIFT JAPAN for around JPY454.6 million.

Leifras shares jumped 23.2% to $2.76 in pre-market trading. Benzinga reports.

Top 5 Movers in Early Pre-Market

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM ET). Stock Analysis reports.

1) PLSM: Pulsenmore Ltd.
Total gain: +184.75%

2) FRTT: Fort Technology Inc.
Total gain: +90.40%

3) CUPR: Cuprina Holdings (Cayman) Limited
Total gain: +38.33%

4) QNRX: Quoin Pharmaceuticals, Ltd.
Total gain: +26.46%

5) WEN: The Wendy's Company
Total gain: +21.18%

Yesterday’s Biggest Movers

The closing price of the top three market percent gainers trading near or above $3 on June 23.

(All pricing and percent gains are based on regular market trading hours from 9:30 AM to 4:00 PM ET) Stock Analysis reports.

1) DD: DuPont de Nemours, Inc.
Total gain: +190.54%
The stock appeared to be moving on no notable news.

2) FCUV: Focus Universal Inc.
Total gain: +89.23%
The stock appeared to be moving on no notable news.

3) BLZE: Backblaze, Inc.
Total gain: +43.60%
The company announced an agreement with CoreWeave, Inc. (Nasdaq: CRWV), The Essential Cloud for AI™. Businesswire reports.

Today’s Notable Earnings

(Estimate and Actual numbers represent Earnings Per Share in US Dollars)

PODC: PodcastOne
Q4 2026
Before Market Open
Estimate: -0.020
Actual: N/A

MU: Micron Technology
Q3 2026
After Market Close
Estimate: 20.200
Actual: N/A

LVO: LiveOne
Q4 2026
Before Market Open
Estimate: -0.290
Actual: N/A

Today’s Economic Dates

Time (ET) / Report / Period

10:00 AM - New Home Sales - May
4:00 PM - Federal Reserve Board releases annual bank stress test results - N/A

Parting Thoughts

“You cannot swim for new horizons until you have courage to lose sight of the shore.”

– William Faulkner

Sourced in: Letters from a Stoic — GoodReads.

Disclaimer

TradeZero America, Inc., a United States broker dealer, registered with the Securities and Exchange Commission (SEC) and member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC); TradeZero, Inc., a Bahamian broker dealer, registered with the Securities Commission of the Bahamas ; TradeZero Canada Securities ULC, a Canadian broker dealer, member firm of Canadian Investment Regulatory Organization (CIRO) and member of the Canadian Investor Protection Fund (CIPF); and TradeZero Europe B.V., a Dutch broker dealer, authorized and regulated by the Dutch Authority for the Financial Markets (AFM) (collectively, the “TradeZero Broker Dealers”).

TradeZero Broker Dealers offer self-directed electronic securities trading to their customers. TradeZero Broker Dealers do not provide financial or trading advice and do not make investment recommendations to their customers. This communication does not constitute an offer to sell or a solicitation to buy any security or instrument which it may reference.

The information in this newsletter summarizes the latest market activity and related news and are provided for educational purposes only. Any trading symbols displayed are for illustrative purposes only and do not constitute a recommendation by TradeZero to buy, sell, or hold any investment. This material is not intended to provide investment advice or to take into account any individual’s financial condition, investment objectives, or requirements.

Investing involves risk, including the possible loss of principal.

There is a risk of loss in online trading of securities including equities and options. Trading on margin is for experienced investors whereby the loss can be greater than your initial investment. Likewise, short selling as a securities trading strategy is extremely risky and can lead to potentially unlimited losses.

Options trading is not suitable for all investors as it can involve risk that may expose investors to significant losses. Please read the Characteristics and Risks of Standardized Options, also known as the Options Disclosure Document (ODD) at OCC.

Stocks experiencing significant price volatility may involve substantial risk. Past performance is no guarantee of future results.

Any trading strategies discussed are for educational purposes only and should not be construed as investment advice or a recommendation.

Certain information herein has been obtained from third-party sources believed to be reliable; however, its accuracy or completeness cannot be guaranteed. The views and opinions expressed are those of the author and do not necessarily reflect the views or opinions of TradeZero, its affiliates, or employees.

If you have any specific questions about TradeZero's brokerage services, please reach out to the TradeZero Broker Dealer servicing your jurisdiction.