Investors are keeping a close eye on technology stocks as major deals and upcoming economic indicators are expected to influence market movements in the next trading session. The semiconductor sector, in particular, is showing signs of a rebound, with several key players posting impressive year-to-date gains.
Big Tech Buzz: Corning Strikes New Deals
Corning, a glass and ceramics manufacturer, has been at the center of significant partnership news. Following substantial deals with Nvidia and Meta Platforms in recent months, Corning has announced another major agreement with Amazon. While Corning's stock is up nearly 115% year-to-date, it has seen a slight dip of 11% from its recent peak. Other tech giants like Intel, Cisco, and SanDisk are also showing strong performance, with SanDisk experiencing an extraordinary 591% surge year-to-date. Texas Instruments and Seagate are also notable performers, with substantial gains in 2026.
Economic Data on the Horizon
The upcoming trading session will also feature key economic data releases that could impact market sentiment. The U.S. trade deficit figures are due at 8:30 a.m. ET, with economists estimating a deficit of $56.1 billion, a decrease from the previous month's $60.31 billion. Later, at 10 a.m., existing home sales data will be released, with expectations for an increase to 4.05 million units, a 0.7% uptick.
Earnings and Investor Reactions
J.M. Smucker is set to release its quarterly earnings report in the 7 a.m. hour on "Squawk Box." The stock has experienced a decline of 8.5% over the past three months and is down 15% from its February high.
Following Apple's Worldwide Developers Conference (WWDC), investor reaction has been mixed. Despite a positive run-up to the event, the stock saw a significant drop from its intraday high, ultimately closing 1.9% lower, just above the $300 mark. The stock remains up approximately 11% year-to-date.
Boeing's May orders and deliveries will be presented at 11 a.m. The aerospace giant's stock has fallen 9% in the last month and is down 15% from its January peak, currently trading flat year-to-date.
Strategy Stock Watch
MicroStrategy is under scrutiny as it endures its worst week since 2022. The company's stock has fallen 15% in the past week and is down 20% in June, marking a significant 72% decrease from its July 2025 high.
