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Nasdaq 24,443 Β· Microsoft, Meta diverge sharply on AI execution and earnings ‌ ‌ ‌ ‌ ‌
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Stock Mornings
Your weekday pre-market read on US stocks.
Issue #28 Β· Thursday, July 30, 2026
Volatility (VIX)  Cautious Β· 19.4  β–Ό from 20.7 yesterday
Tech stocks diverged sharply as markets fell; Microsoft gained on cloud strength while Meta slumped on missed guidance and cash flow concerns.
 
 

●  The Numbers

S&P 5007,316.15  -1.52%
-2.44% this week
Nasdaq Composite24,442.94  -1.74%
-4.86% this week
Dow Jones51,594.14  -2.19%
-1.20% this week
Russell 20002,906.31  -1.61%
-1.81% this week

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

●  The Movers

Leaders

GOOGL Alphabet+0.90%
AAPL Apple-0.56%
MSFT Microsoft-0.71%

Laggards

NVDA Nvidia-3.55%
SPCX SpaceX-3.32%
TSLA Tesla-2.97%

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 (7,468.10) and 200-day (7,015.51) averages β€” a trend in transition. 30-day range 7,316.15–7,575.39; currently in the lower third of that range. RSI(14) 30 β€” momentum weak.

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

●  The Brief

 Microsoft, Meta diverge sharply on AI execution and earnings

Microsoft jumped 9% on strong Azure and Copilot growth while Meta fell nearly 9% after missing revenue forecasts and reporting declining free cash flow, widening the earnings-driven split in Big Tech. (CNBC)

 Starbucks raises full-year outlook on same-store sales growth

Starbucks stock rose after posting its fourth consecutive quarter of same-store sales growth under new CEO Brian Niccol, signaling continued momentum in its turnaround effort. (CNBC)

 Adidas stock falls 17% despite World Cup marketing push

Adidas shares dropped sharply after the company reported a 30% increase in marketing spending following its World Cup sponsorship, raising investor concerns about profitability and spending efficiency. (MarketWatch)

 Yum Brands reports mixed results, silent on Taco Bell outbreak

Yum Brands provided no business update regarding the ongoing cyclospora outbreak linked to Taco Bell restaurants, leaving investors uncertain about potential financial impact. (CNBC)

Partner

The charts we read every morning

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Markets 101

What is RSI?

The Relative Strength Index, a 0–100 momentum gauge. Below 30 is traditionally called "oversold" and above 70 "overbought" β€” descriptions of recent momentum, not signals about what comes next.

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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