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Nasdaq 25,837 Β· Oil jumps 4% amid escalating U.S.-Iran tensions ‌ ‌ ‌ ‌ ‌
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Stock Mornings
Your weekday pre-market read on US stocks.
Issue #22 Β· Wednesday, July 22, 2026
Volatility (VIX)  Cautious Β· 17.5  β–² from 17.0 yesterday
Worth noting  The S&P 500 crossed above 7,500 since yesterday.
Stocks gained on modest optimism as oil surged on Iran tensions, while bond markets signal shifting rate expectations ahead of economic data.
 
 

●  The Numbers

S&P 5007,509.20  +0.89%
-0.46% this week
Nasdaq Composite25,837.21  +1.29%
-1.03% this week
Dow Jones52,224.64  +0.74%
-0.54% this week
Russell 20002,987.40  +1.53%
+0.76% this week

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

●  The Movers

Leaders

SPCX SpaceX+3.08%
TSLA Tesla+2.53%
NVDA Nvidia+1.97%

Laggards

GOOGL Alphabet-1.38%
MSFT Microsoft-1.13%
AMZN Amazon-0.98%

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 (7,469.88) and 200-day (6,994.99) averages β€” the longer-term trend reads as up. 30-day range 7,266.99–7,575.39; currently in the upper third of that range. RSI(14) 51 β€” momentum roughly neutral.

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

●  The Brief

 Oil jumps 4% amid escalating U.S.-Iran tensions

Crude prices climbed to six-week highs after the U.S. conducted its 11th consecutive day of strikes against Iran, citing protection of commercial shipping routes. (CNBC)

 30-year Treasury yields near 19-year high above 5%

Long-term Treasury yields are approaching their longest stretch above 5% since 2007, reflecting ongoing inflation concerns and bond-market weakness affecting borrowing costs. (MarketWatch)

 AI-driven natural-gas demand poses potential shortage risk

Investors warn artificial intelligence's power consumption will create unprecedented natural-gas demand, creating a potential supply crunch not yet priced into energy stocks. (MarketWatch)

 American Airlines and Lockheed Martin earnings diverge sharply

Wall Street analysts expect sharply different earnings outcomes for the two companies, with one forecast to outperform and one to underperform expectations. (Yahoo Fin)

Partner

The charts we read every morning

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Markets 101

What is the bid-ask spread?

The gap between the highest price buyers offer (bid) and the lowest sellers accept (ask). Heavily traded stocks have tiny spreads; thin ones have wide, costlier spreads.

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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