Happy Tuesday. The rebound in tech stocks stayed intact today as the sector, along with industrials and materials, single-handedly lifted the broader market. The Nasdaq advanced over 1.3% heading into the last hour of trading, while the S&P 500 was up about 0.75%.
Those performances concluded the strongest quarter since 2020's pandemic recovery, but many Mag7 stocks and hyperscalers remain well below their 52-week highs heading into the third quarter as worries about AI capex have investors pivoting into other pockets of the AI trade. Storage and memory in particular have seen big upgrades by analysts.
Sportswear giant Nike is set to report earnings shortly after the closing bell today, Jun. 30, 2026, putting a lid on a challenging year for the company, which has seen demand challenges in key markets. TheStreet is covering the company's earnings, the latest on its turnaround efforts, and commentary from its earnings call to follow today. Follow along in real time: