Stock Market Live June 24, 2026: S&P 500 (SPY) Attempting to Regain Momentum

The post Stock Market Live June 24, 2026: S&P 500 (SPY) Attempting to Regain Momentum appeared first on 24/7 Wall St..

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BTIG Analysts Just Initiated a Buy Rating on Take-Two

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With pre-sales about to start for Grand Theft Auto VI, Take-Two Interactive (NASDAQ: TTWO) has been pushing aggressively higher. Since bottoming out at $206 this month, shares of TTWO rallied to a recent high of $247.42 in anticipation of the long-awaited Grand Theft Auto VI game.

Helping, analysts at BTIG just initiated a buy rating on the stock with a price target of $290 a share, noting that the stock is “firing on all cylinders,” as noted by CNBC.

Futures are pushing higher this morning as markets attempt to recover from a sharp tech-fueled pullback. At the moment, the S&P 500 is up about 0.32%, or by 23 points. The SPDR S&P 500 ETF (SPY) is up by 0.43%, or by $3.14. The Dow is up by 0.08%, or by 45 points. The Nasdaq is up by 0.63%, or by 186 points. Oil is down by $2.11 at $71.10.

The rebound follows two volatile trading sessions that raised fresh questions about the strength of the AI boom. Semiconductor stocks were hit particularly hard as investors took profits in some of the market’s biggest winners. Concerns about lofty valuations, interest-rate expectations, and geopolitical uncertainty didn’t do much to help either.

Micron Earnings Out After the Closing Bell

Now, all eyes are turning to memory-chip maker Micron Technology, which is scheduled to report earnings after the closing bell. Investors are viewing the report as an important test for the broader AI infrastructure trade. Strong results and optimistic guidance could help restore confidence in semiconductor shares following this week’s pullback, while any disappointment could trigger another round of selling across the sector.

Ahead of the report, TD Cowen recently raised its price target on Micron to $1,500 from $660, with a buy rating. The firm cited strong demand for dynamic random-access memory (DRAM), which continues to outpace supply by a wide margin.

Goldman Sachs did raise its price target on Micron to $900, but kept a neutral rating on the stock. The firm noted, “We believe investor positioning remains very bullish given the dramatic share price run-up and optimism around the potential impact of long-term customer agreements,” they wrote, as quoted by Barron’s. The firm expects “Micron’s earnings—currently boosted by surging demand for high-bandwidth memory (HBM) in artificial-intelligence hardware—to peak in fiscal 2027 at $138.86.”

Fed Fears Aren’t Helping Much

The market’s recent chaos has also been fueled by uncertainty surrounding Federal Reserve policy. Investors continue to debate whether the central bank will cut rates later this year.

“BofA Global Research and Deutsche Bank ‌expect the U.S. Federal Reserve to raise interest rates in 2026 due to economic resilience and a more hawkish stance under new Chair Kevin Warsh, marking a departure from their prior forecasts of ​steady rates,” as noted by Reuters.  “BofA said it expects the U.S. central bank to ​raise rates by 25 basis points each in September, October, and December, making ⁠the most aggressive rate-hike bet among global brokerages.”

Geopolitical developments remain another key focus. While concerns surrounding tensions in the Middle East have not disappeared, easing fears about major disruptions to global energy supplies have helped oil prices move lower in recent sessions.

The post Stock Market Live June 24, 2026: S&P 500 (SPY) Attempting to Regain Momentum appeared first on 24/7 Wall St..