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Nasdaq 26,282 Β· Chipmakers fall; SK Hynix sinks 8% ‌ ‌ ‌ ‌ ‌
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Stock Mornings
Your weekday pre-market read on US stocks.
Issue #15 Β· Monday, July 13, 2026
Volatility (VIX)  Cautious Β· 16.3  β–² from 15.0 yesterday
Worth noting  Meta (META) moved +5.97% on the day.
Markets edged higher as semiconductor stocks fell; chipmaker weakness and inflation pressures abroad signal mixed signals heading into trading.
 
 

●  The Numbers

S&P 5007,575.39  +0.42%
+1.23% this week
Nasdaq Composite26,281.61  +0.29%
+1.74% this week
Dow Jones52,637.01  +0.29%
-0.50% this week
Russell 20002,977.81  -0.49%
-0.61% this week

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

●  The Movers

Leaders

META Meta+5.97%
NVDA Nvidia+4.03%
^GSPC S&P 500+0.42%

Laggards

SPCX SpaceX-4.51%
AMZN Amazon-0.69%
^RUT Russell 2000-0.49%

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 (7,433.12) and 200-day (6,965.14) averages β€” the longer-term trend reads as up. 30-day range 7,266.99–7,609.78; currently in the upper third of that range. RSI(14) 57 β€” momentum firm.

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

●  The Brief

 Chipmakers fall; SK Hynix sinks 8%

Major semiconductor names declined ahead of the open, with SK Hynix leading losses. Chip sector weakness matters because semiconductors are core to tech earnings. (CNBC)

 India inflation rises to 4.38%, exceeds forecasts

India's inflation accelerated for the eighth consecutive month due to food and energy price pressures. This signals central banks may need to maintain higher interest rates longer. (CNBC)

 Taiwan Semiconductor posts stronger-than-expected June sales

TSMC reported better-than-forecast June sales, suggesting demand for advanced chips remains resilient despite broader sector weakness and economic concerns. (Yahoo Fin)

 European M&A proves resilient despite ECB rate hike

Merger and acquisition activity in Europe held up better than global peers even after central bank rate increases, indicating selective confidence in deal-making. (Yahoo Fin)

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Markets 101

What is a P/E ratio?

Price divided by earnings per share β€” how many dollars you pay for each dollar of annual profit. A high P/E means investors expect growth; it says nothing certain about the future.

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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