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Nasdaq 25,871 Β· AstraZeneca drops 9% on failed heart drug trial ‌ ‌ ‌ ‌ ‌
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Stock Mornings
Your weekday pre-market read on US stocks.
Issue #14 Β· Thursday, July 9, 2026
Volatility (VIX)  Cautious Β· 17.1  β–² from 16.9 yesterday
Worth noting  The S&P 500 crossed below 7,500 since yesterday.
Markets mixed as earnings season continues with healthcare and consumer weakness offsetting tech gains, amid geopolitical uncertainty.
 
 

●  The Numbers

S&P 5007,482.71  -0.28%
-0.22% this week
Nasdaq Composite25,870.65  +0.20%
-1.31% this week
Dow Jones52,348.39  -1.09%
+0.06% this week
Russell 20002,956.39  -0.88%
-2.25% this week

Before the bell: see how Asia, Europe & US futures traded overnight →

●  The Movers

Leaders

NVDA Nvidia+3.65%
AAPL Apple+0.88%
^IXIC Nasdaq Composite+0.20%

Laggards

TSLA Tesla-2.19%
META Meta-2.02%
MSFT Microsoft-1.41%

The day's best and worst of the tracked indices and mega-caps Β· day-over-day change.

●  The Read

S&P 500 β€” description, not prediction

Trading above both its 50-day (7,417.00) and 200-day (6,956.33) averages β€” the longer-term trend reads as up. 30-day range 7,266.99–7,609.78; currently in the middle third of that range. RSI(14) 48 β€” momentum roughly neutral.

See where every market sits on the daily page β†’

●  The Brief

 AstraZeneca drops 9% on failed heart drug trial

AstraZeneca's late-stage clinical trial missed its primary endpoint, marking a rare setback for the pharmaceutical giant and signaling execution risk in drug development. (CNBC)

 PepsiCo earnings miss as consumers cut spending

PepsiCo reported quarterly earnings below expectations, citing North American consumer budget constraints despite strong international results, reflecting domestic demand weakness. (CNBC)

 Levi Strauss beats estimates and raises guidance

Levi Strauss exceeded quarterly expectations on revenue and profit, raising its full-year guidance and dividend, demonstrating resilience in apparel retail. (CNBC)

 JPMorgan downgrades Stellantis to neutral outlook

JPMorgan downgraded Jeep's parent company Stellantis from overweight to neutral, citing persistent underperformance with limited near-term improvement expected. (CNBC)

Partner

The charts we read every morning

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Markets 101

What is the Russell 2000?

An index of about 2,000 smaller US companies. Because small-caps are more sensitive to the domestic economy, it's watched as a read on broader business conditions.

β€œMarkets are a description of today, not a forecast of tomorrow.”

Stock Mornings is an educational digest for US readers. Nothing here is financial, investment, tax, or legal advice. Stocks carry risk β€” you can lose money, and past performance does not predict future results. Some links may be affiliate links; we may earn a commission at no cost to you. Prices via Yahoo Finance, captured shortly before the opening bell.

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