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The Morning Bull – US Market Morning Update Friday, Jul, 3 2026
US stock futures are slightly weaker this morning, with S&P 500 contracts edging down around 0.01%, as investors weigh softer US data against rising borrowing costs. The US private sector added 98,000 jobs in June, fewer than in May and below forecasts, which hints that hiring is cooling but unemployment near 4.3% still points to plenty of people in work. At the same time, the ISM Manufacturing PMI sits at 53.3, so factories are still growing, while the 10 year Treasury yield is moving toward 4.5%, raising the cost of mortgages and corporate debt. The key question for investors is whether slower hiring will be enough to keep future rate hikes in check, a consideration that puts interest rate sensitive areas such as bank, real estate and smaller company stocks firmly in focus.
With borrowing costs climbing and rate sensitive stocks under pressure, it may be worth focusing on 75 resilient stocks with low risk scores today.
Top Movers
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Moderna (MRNA) jumped 10.01% after Piper Sandler raised its price target to US$77 and kept an Overweight rating.
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Honeywell Aerospace (HONA) gained 8.74% after BMO Capital initiated coverage with an Outperform rating and a US$276 price target.
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Rivian Automotive (RIVN) advanced 8.44% after raising 2026 delivery guidance and reporting second quarter production and deliveries.
Is Honeywell Aerospace still a smart investment or just hype? Read our most popular narrative and get all the answers you need.
Top Losers
Look past the noise – uncover the top narrative that explains what truly matters for KLA’s long-term success.
On The Radar
Global services activity and consumer spending will be in focus alongside fresh central bank survey insights.
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US Services: ISM Services PMI on Monday will update the picture for the largest part of the US economy.
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Eurozone Consumers: Euro Area Retail Sales on Monday helps you gauge spending momentum across the currency bloc.
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Germany Industry: Factory Orders on Monday offers a read on demand for one of Europe’s key manufacturing hubs.
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Canada Policy Pulse: BoC Business Outlook and Consumer Surveys on Monday provides color on expectations for growth, pricing and rates.
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Japan Households: Household Spending late Monday tracks how Japanese consumers are responding to higher local yields.
