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Nasdaq 25,374 Β· Tech-to-market performance gap narrows significantly ‌ ‌ ‌ ‌ ‌
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Stock Mornings
Your weekday pre-market read on US stocks.
Issue #30 Β· Monday, August 3, 2026
Volatility (VIX)  Cautious Β· 16.0  β–Ό from 16.0 yesterday
Worth noting  Amazon (AMZN) moved +15.32% on the day.
Tech stocks stabilized while broader market gained ground, as geopolitical tensions eased and oil prices fell sharply.
 
 

●  The Numbers

S&P 5007,489.72  +0.70%
+1.05% this week
Nasdaq Composite25,373.85  +1.00%
+1.59% this week
Dow Jones52,485.03  +0.53%
+1.04% this week
Russell 20002,931.34  -0.50%
+0.05% this week

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

●  The Movers

Leaders

AMZN Amazon+15.32%
GOOGL Alphabet+6.73%
META Meta+3.28%

Laggards

AAPL Apple-7.35%
SPCX SpaceX-3.41%
^RUT Russell 2000-0.50%

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

Trading above both its 50-day (7,471.51) and 200-day (7,024.11) averages β€” the longer-term trend reads as up. 30-day range 7,316.15–7,575.39; currently in the upper third of that range. RSI(14) 48 β€” momentum roughly neutral.

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

●  The Brief

 Tech-to-market performance gap narrows significantly

Goldman Sachs notes technology stocks have recently underperformed after a sustained rally, prompting analysts to reassess sector valuations and opportunities elsewhere in the market. (MarketWatch)

 U.S. intervention strengthens yen amid currency concerns

Joint U.S. action moved the yen from four-decade lows near 163 to the dollar to 157, addressing currency volatility that can affect multinational earnings and trade flows. (CNBC)

 Oil drops 5% as Iran diplomatic talks resume

Energy prices fell after President Trump called off planned strikes on Iran and announced resumption of talks, reducing the geopolitical risk premium on crude markets. (CNBC)

 EU alleges Temu obstructed foreign subsidies inspection

European regulators claim the Chinese e-commerce platform hindered investigation into foreign subsidy compliance, escalating regulatory scrutiny on international tech companies operating in Europe. (Yahoo Fin)

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The charts we read every morning

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Markets 101

What is inflation, for a stock investor?

Rising prices across the economy. It erodes the value of future cash and often pushes the Fed to raise rates, which is why inflation reports can move the whole market.

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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