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Nasdaq 24,932 Β· Coca-Cola beats earnings, raises full-year outlook ‌ ‌ ‌ ‌ ‌
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Stock Mornings
Your weekday pre-market read on US stocks.
Issue #26 Β· Tuesday, July 28, 2026
Volatility (VIX)  Cautious Β· 18.9  β–² from 18.7 yesterday
Worth noting  Nvidia (NVDA) moved -4.99% on the day.
S&P 500 edges up while Nasdaq slides on chip weakness; earnings season and Fed meeting loom this week.
 
 

●  The Numbers

S&P 5007,413.18  +0.07%
-0.60% this week
Nasdaq Composite24,932.08  -0.82%
-2.30% this week
Dow Jones52,210.08  +0.51%
+0.72% this week
Russell 20002,948.04  +0.62%
+0.19% this week

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

●  The Movers

Leaders

GOOGL Alphabet+2.13%
MSFT Microsoft+1.94%
AAPL Apple+1.17%

Laggards

NVDA Nvidia-4.99%
SPCX SpaceX-1.36%
TSLA Tesla-1.22%

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

Between its 50-day (7,472.04) and 200-day (7,005.74) averages β€” a trend in transition. 30-day range 7,354.02–7,575.39; currently in the lower third of that range. RSI(14) 39 β€” momentum weak.

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

●  The Brief

 Coca-Cola beats earnings, raises full-year outlook

Coca-Cola reported stronger-than-expected quarterly results and raised its 2024 profit forecast, citing strong global beverage demand. The stock has gained 19% year-to-date, outpacing the broader market. (CNBC)

 Chip sector weakness weighs on Nasdaq futures

Semiconductor stocks continued selling pressure Monday, pressuring Nasdaq futures lower. Investors await major earnings reports this week and a Federal Reserve policy meeting. (CNBC)

 AI hardware stocks fall on China lithography competition

Asian semiconductor and equipment stocks sold off sharply after reports that China can now manufacture advanced chipmaking equipment, raising competitive concerns for Western suppliers. (MarketWatch)

 GSK launches $2.5 billion cost-reduction initiative

GlaxoSmithKline announced a major savings program aimed at boosting investment in its drug pipeline and research capabilities. The company is restructuring to compete in pharma innovation. (Yahoo Fin)

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The charts we read every morning

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Markets 101

What does Nvidia actually make?

Graphics and AI chips (GPUs). Originally for video games, its processors became the workhorses of artificial-intelligence computing, which drove it to a multi-trillion-dollar valuation.

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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