US Equity Investors to Watch Out for Big-Tech Performance This Week While Awaiting Nonfarm Payrolls, Warsh's Speech

05:47 AM EDT, 06/29/2026 (MT Newswires) -- US equity investors will focus this week on the performance of Big-Tech shares amid nonfarm payrolls, Federal Reserve Chair Kevin Warsh's speech, and crude oil prices.

* Last week on Friday, the Nasdaq Composite closed at about 25,297.62, down from 26,517.93 a week earlier, a decline of about 4.8%. All Magnificent-7 stocks ended the week lower, hitting the Nasdaq disproportionately compared with the S&P 500 and the Dow Jones Industrial Average, according to data compiled by Finviz. The three worst-performing stocks among companies with a market capitalization above $200 billion were Arm (ARM), Western Digital (WDC) , and Oracle (ORCL), the data showed.

* After an inflation report last week showed the personal consumption expenditures, or PCE, price index grew at the fastest pace since April 2023 on an annual basis in May, investors will watch nonfarm payrolls to gauge the state of the labor market and its potential impact on policy under the newly minted Warsh. Other macroeconomic data likely to garner attention includes ISM manufacturing, JOLTS job openings, and initial jobless claims.

* Chair Warsh is expected to deliver a speech on Wednesday, which will be parsed closely for his views on last week's inflation print. Following the Fed's monetary policy meeting in June, the CME FedWatch tool shows a 41% probability that the target rate for fed funds will be in the 3.75% to 4% range from 3.5% to 3.75%. There is 29% likelihood the Fed will raise rates twice by 25 basis points each, as Warsh seemed to lean hawkish at the press briefing following the policy announcement.

* The front-month West Texas Intermediate crude oil futures stood at $69.98 early Monday, trading close to levels seen around the beginning of the attack on Iran. The US and Iran will "stand down for now," a Trump administration official said after both sides traded fire near the Strait of Hormuz, CNN reported. Technical talks with Iran remain "on track," a US official told CNN.

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