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Nasdaq 24,932 Β· Chip stocks slide over $1 trillion as AI momentum stalls ‌ ‌ ‌ ‌ ‌
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Stock Mornings
Your weekday pre-market read on US stocks.
Issue #27 Β· Wednesday, July 29, 2026
Volatility (VIX)  Cautious Β· 18.3  β–Ό from 18.7 yesterday
Worth noting  Nvidia (NVDA) moved -4.99% on the day.
S&P 500 inched higher while Nasdaq fell as chip stocks tumbled on AI concerns, offsetting mixed earnings from blue-chip companies.
 
 

●  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  +0.96%
+0.12% this week
Russell 20002,948.04  +0.27%
-0.48% 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

 Chip stocks slide over $1 trillion as AI momentum stalls

Nvidia, SK Hynix, and Samsung Electronics led a broad semiconductor selloff, raising questions about whether artificial intelligence demand can sustain recent valuations and sector enthusiasm. (CNBC)

 Procter & Gamble revenue misses despite beating on earnings

The consumer goods giant reported lower-than-expected sales while per-share profit exceeded estimates, signaling pricing power may be offset by weaker customer demand. (CNBC)

 Ford raises 2026 profit guidance despite posting quarterly loss

The automaker's improved outlook suggests management expects stronger profitability ahead, though current results remain challenged by near-term production or cost pressures. (Yahoo Fin)

 Boston Scientific cuts annual profit forecast on device weakness

The medical-device maker's reduced guidance, driven by softer Watchman demand, reflects potential softness in healthcare spending or competitive pressures in that market segment. (Yahoo Fin)

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Markets 101

What is a moving average?

The average closing price over a set number of days β€” the 50-day and 200-day are the common ones. Traders use price versus these lines as a rough trend yardstick, nothing more.

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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