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Nasdaq 25,873 Β· IBM shares plunge 17% after Q2 earnings miss forecast ‌ ‌ ‌ ‌ ‌
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Stock Mornings
Your weekday pre-market read on US stocks.
Issue #16 Β· Tuesday, July 14, 2026
Volatility (VIX)  Cautious Β· 17.4  β–² from 17.2 yesterday
Worth noting  SpaceX (SPCX) moved -4.24% on the day.
S&P 500 and Nasdaq both declined as major bank earnings mixed with a sharp IBM warning weighed on investor sentiment.
 
 

●  The Numbers

S&P 5007,515.34  -0.79%
-0.29% this week
Nasdaq Composite25,873.18  -1.55%
-0.95% this week
Dow Jones52,498.64  -0.26%
-1.05% this week
Russell 20002,953.17  -0.83%
-1.87% this week

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

●  The Movers

Leaders

MSFT Microsoft+1.53%
AMZN Amazon+0.80%
AAPL Apple+0.63%

Laggards

SPCX SpaceX-4.24%
NVDA Nvidia-3.52%
TSLA Tesla-3.19%

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 (7,440.71) and 200-day (6,969.43) 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) 54 β€” momentum roughly neutral.

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

●  The Brief

 IBM shares plunge 17% after Q2 earnings miss forecast

IBM reported second-quarter earnings below expectations, citing weakness in software and infrastructure as clients reallocated spending toward hardware purchases. (CNBC)

 JPMorgan Chase posts $16.9B profit, buoyed by market volatility

JPMorgan's second-quarter profit surged to $16.9 billion, helped by gains from market uncertainty and volatility that boosted trading activity. (Yahoo Fin)

 Bank of America stock falls despite beating earnings expectations

Bank of America's stock declined in premarket trading even after reporting a 15% year-over-year revenue jump, signaling investor caution. (MarketWatch)

 Volkswagen CEO signals plan to cut 50,000 additional jobs

Volkswagen's CEO announced potential cuts of 50,000 jobs, reflecting broader restructuring pressures facing traditional automakers amid market challenges. (Yahoo Fin)

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The charts we read every morning

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Markets 101

What are earnings?

A company's profits, reported every quarter. "Earnings season" is when most big firms report within a few weeks, and surprises versus expectations often move share prices sharply.

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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