| | Stock Mornings | Your weekday pre-market read on US stocks.
Issue #32 · Wednesday, August 5, 2026 | | Volatility (VIX) Cautious · 16.6 ▲ from 16.5 yesterday | | Worth noting SpaceX (SPCX) moved +9.43% on the day. | | Stocks surged on mixed corporate results: strong pharma demand offset weaker guidance from ride-share and semiconductor sectors. |
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● The Numbers | S&P 500 | 7,736.52 +1.79%
+4.14% this week | | Nasdaq Composite | 26,584.99 +2.59%
+6.87% this week | | Dow Jones | 54,085.88 +1.71%
+2.54% this week | | Russell 2000 | 3,036.98 +1.85%
+2.82% this week |
Before the bell: see how Asia, Europe & US futures traded overnight → |
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● The Movers Leaders | SPCX SpaceX | +9.43% | | ^IXIC Nasdaq Composite | +2.59% | | NVDA Nvidia | +2.56% |
| Laggards | AMZN Amazon | -2.32% | | META Meta | -0.39% | | MSFT Microsoft | +1.06% |
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The day's best and worst of the tracked indices and mega-caps · day-over-day change. |
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● The Read S&P 500 — description, not prediction Trading above both its 50-day (7,480.68) and 200-day (7,034.22) averages — the longer-term trend reads as up. 30-day range 7,316.15–7,736.52; currently in the upper third of that range. RSI(14) 60 — momentum firm. See where every market sits on the daily page → |
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● The Brief | | Lilly revenue surges 48% on GLP-1 drug demand Eli Lilly reported stronger-than-expected sales driven by Mounjaro and Zepbound, its diabetes and weight-loss medications, signaling robust demand in the high-growth GLP-1 market. (MarketWatch) |
| | Uber guides below expectations for Q3 bookings Uber met earnings estimates but issued weaker-than-expected third-quarter guidance, indicating the company expects slower growth ahead in its ride-sharing and delivery operations. (CNBC) |
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Partner The charts we read every morning TradingView is the charting platform a lot of "The Read" leans on — live charts, screeners and alerts for stocks, indexes and the VIX. New to it? This link puts toward a paid plan. Try TradingView → |
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Markets 101 What is a market correction? A drop of 10% or more from a recent high. Corrections are common and often short; the word simply labels the size of a pullback, not its cause or what happens next. |
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“Markets are a description of today, not a forecast of tomorrow.” |
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