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Nasdaq 25,122 ยท Amazon's AWS strength bolsters AI confidence ‌ ‌ ‌ ‌ ‌
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Stock Mornings
Your weekday pre-market read on US stocks.
Issue #29 ยท Friday, July 31, 2026
Volatility (VIX)  Cautious ยท 16.9  โ–ผ from 17.1 yesterday
Worth noting  Microsoft (MSFT) moved +15.51% on the day.
Stocks climbed broadly as earnings season continues, with energy and tech leading gains amid geopolitical tensions.
 
 

โ—  The Numbers

S&P 5007,437.63  +1.66%
+0.40% this week
Nasdaq Composite25,122.18  +2.78%
-0.06% this week
Dow Jones52,208.06  +1.19%
+0.96% this week
Russell 20002,946.10  +1.37%
+0.20% this week

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

โ—  The Movers

Leaders

MSFT Microsoft+15.51%
AMZN Amazon+3.90%
TSLA Tesla+3.53%

Laggards

META Meta-7.95%
AAPL Apple-1.41%
GOOGL Alphabet-0.91%

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 (7,468.79) and 200-day (7,019.93) averages โ€” a trend in transition. 30-day range 7,316.15โ€“7,575.39; currently in the middle third of that range. RSI(14) 40 โ€” momentum weak.

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

โ—  The Brief

 Amazon's AWS strength bolsters AI confidence

Amazon's cloud division AWS outperformed expectations in earnings, prompting analysts to raise price targets and maintain buy ratings on the stock. (CNBC)

 Oil profits surge at Exxon and Chevron

ExxonMobil and Chevron reported higher second-quarter profits driven by rising oil prices linked to regional geopolitical developments. (CNBC)

 South Korea chip stocks post historic rally

Seoul's Kospi index logged its best day on record as major semiconductor companies surged, affecting global AI supply-chain expectations. (MarketWatch)

 Coinbase shares decline after weak earnings

Coinbase's second-quarter results missed Wall Street forecasts for revenue and earnings, marking its third consecutive quarterly shortfall. (CNBC)

Partner

The charts we read every morning

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Markets 101

What is a 52-week high or low?

The highest and lowest price a stock has traded at over the past year. It frames where today's price sits in its recent range โ€” a context number, not a prediction.

Hit reply: What's the one question about investing you've never gotten a straight answer to?
A human reads every answer.

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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