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Nasdaq 25,138 ยท Trump administration plans sweeping tariffs on 60 trade partners ‌ ‌ ‌ ‌ ‌
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Stock Mornings
Your weekday pre-market read on US stocks.
Issue #24 ยท Friday, July 24, 2026
Volatility (VIX)  Cautious ยท 18.8  โ–ฒ from 18.7 yesterday
Worth noting  Tesla (TSLA) moved -14.52% on the day.
Stock indexes fell sharply today with the Nasdaq down 2.15%, while investors digest earnings reports and weigh policy headwinds ahead.
 
 

โ—  The Numbers

S&P 5007,408.30  -1.21%
-1.67% this week
Nasdaq Composite25,137.69  -2.15%
-2.88% this week
Dow Jones51,711.65  -0.97%
-1.60% this week
Russell 20002,940.16  -0.67%
-1.16% this week

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

โ—  The Movers

Leaders

SPCX SpaceX+2.59%
^RUT Russell 2000-0.67%
^DJI Dow Jones-0.97%

Laggards

TSLA Tesla-14.52%
GOOGL Alphabet-7.13%
AMZN Amazon-4.57%

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

โ—  The Read

S&P 500 โ€” description, not prediction

Between its 50-day (7,471.79) and 200-day (7,002.37) averages โ€” a trend in transition. 30-day range 7,266.99โ€“7,575.39; currently in the middle third of that range. RSI(14) 44 โ€” momentum weak.

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

โ—  The Brief

 Trump administration plans sweeping tariffs on 60 trade partners

The White House is escalating tariff actions against multiple trading partners as the president's trade agenda resumes momentum. Tariffs affect corporate costs and consumer prices broadly. (CNBC)

 Intel gains after earnings; oil eases early pressure on futures

Intel posted earnings results that bolstered its stock, while declining oil prices provided some relief to equity futures after early weakness. Both influence broader market direction. (CNBC)

 Verizon beats subscriber targets, scales back costly promotions

The wireless giant exceeded subscriber expectations and reduced promotional spending, signaling improved competitive positioning. Telecom earnings reflect real demand patterns affecting sector outlook. (MarketWatch)

 EU charges TikTok with breaching online safety rules for children

European regulators accused ByteDance's TikTok of violating content protection rules through design features that expose minors to harms. Regulatory action poses business and operational risk to the platform. (CNBC)

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Markets 101

What is an IPO?

An initial public offering โ€” the first time a private company sells shares to the public and begins trading on an exchange. It's how firms like Amazon first reached everyday investors.

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Stock Mornings is an educational digest for US readers. Nothing here is financial, investment, tax, or legal advice. Stocks carry risk โ€” 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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