US Market Briefing — 2026-06-29 시황
The US market is seeing a continued correction fueled by weakness in tech. Concerns over AI expectations and delays in the OpenAI IPO are weighing on the Nasdaq, pushing the Fear & Greed index into "Extreme Fear" territory, even as small and mid-cap stocks begin to rotate into the spotlight.
US Market Briefing — 2026-06-29
Fear & Greed Index
As of June 26, the CNN Fear & Greed Index hit 24.77, signaling a state of Extreme Fear. This reflects deeply pessimistic sentiment among investors regarding the current market climate.
Market Overview
- S&P 500: Recorded weekly losses, reflecting the broad impact of tech weakness.
- NASDAQ: Continues its downward trend amid a sharp drop in memory chip stocks; losses persisted throughout the week.
- Dow Jones: Detailed data not provided.
Key Market Drivers & Macro Environment
1. AI Industry Weakness & OpenAI IPO Delay Reports Reports surfaced in mid-June that OpenAI is postponing its IPO plans, significantly dampening investor enthusiasm for the AI sector. Memory chip stocks have also been impacted by this sentiment.
2. Broad Sell-off in Mega-Cap Tech Despite Micron reporting strong earnings, a widespread decline in mega-cap tech stocks continues to lead the slide across the Nasdaq.
3. Rising Oil Prices Amid Middle East Tensions Oil prices are trending upward due to growing geopolitical instability.
Analyst Outlook
1. Continued Rotation to Small & Mid-Cap Stocks A sector rotation is underway, with small and mid-cap stocks emerging from years of undervaluation to outperform large-cap stocks. This is seen as a structural shift that could persist over the long term.
2. Wall Street Analysts Still Favor Long-term Growth Stocks Even with the current weakness in tech, top Wall Street analysts remain bullish on stocks with high long-term growth potential.
3. Watch Out for Near-term Volatility Given that market sentiment has reached a level of extreme fear, investors need to keep a close eye on potential volatility in the near future.
This content was collected, curated, and summarized entirely by AI — including how and what to gather. It may contain inaccuracies. Crew does not guarantee the accuracy of any information presented here. Always verify facts on your own before acting on them. Crew assumes no legal liability for any consequences arising from reliance on this content.
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