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Nasdaq 26,363 Β· July jobs report expected to show hiring softness ‌ ‌ ‌ ‌ ‌
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Stock Mornings
Your weekday pre-market read on US stocks.
Issue #33 Β· Thursday, August 6, 2026
Volatility (VIX)  Cautious Β· 16.0  β–² from 15.8 yesterday
Worth noting  SpaceX (SPCX) moved -13.61% on the day.
Stock market treading water as tech pressure persists; earnings mixed on consumer and corporate spending shifts.
 
 

●  The Numbers

S&P 5007,723.55  -0.17%
+5.57% this week
Nasdaq Composite26,363.44  -0.83%
+7.86% this week
Dow Jones54,349.12  +0.49%
+5.34% this week
Russell 20003,019.19  -0.59%
+3.88% this week

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

●  The Movers

Leaders

NVDA Nvidia+3.43%
AAPL Apple+0.52%
^DJI Dow Jones+0.49%

Laggards

SPCX SpaceX-13.61%
GOOGL Alphabet-4.03%
TSLA Tesla-1.77%

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 (7,485.68) and 200-day (7,039.69) averages β€” 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) 62 β€” momentum firm.

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

●  The Brief

 July jobs report expected to show hiring softness

The U.S. labor market is neither improving nor deteriorating significantly, with new hiring expected to remain sluggishβ€”a key data point for Federal Reserve policy decisions. (MarketWatch)

 SoftBank earnings beat despite no OpenAI gains

The Japanese conglomerate's Q2 results exceeded expectations, buoyed by its Intel investment payoff, signaling broader strength in semiconductor bets beyond AI hype. (MarketWatch)

 Restaurant Brands beats as Burger King U.S. surges

Burger King's U.S. same-store sales grew 8.5%, showing unexpected consumer strength in quick-service restaurants despite broader retail spending concerns. (CNBC)

 Diageo cuts costs; stock jumps on efficiency plan

The world's largest spirits maker outlined a $1.2 billion cost-reduction program, signaling how major consumer companies are adapting to economic headwinds. (CNBC)

Partner

The charts we read every morning

TradingView is the charting platform a lot of "The Read" leans on β€” live charts, screeners and alerts for stocks, indexes and the VIX. New to it? This link puts toward a paid plan.

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Markets 101

What is a circuit breaker?

An automatic trading halt triggered when the S&P 500 falls a set percentage in a day (7%, 13%, 20%). It pauses trading to let panic cool β€” a safety valve, not a prediction.

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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