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Nasdaq 26,588 Β· Lenovo profits beat expectations on AI demand ‌ ‌ ‌ ‌ ‌
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Stock Mornings
Your weekday pre-market read on US stocks.
Issue #38 Β· Thursday, August 13, 2026
Volatility (VIX)  Calm Β· 14.6  β–² from 14.6 yesterday
Worth noting  SpaceX (SPCX) moved +9.65% on the day.
Stock indexes edged higher on calm trading as investors awaited inflation data and digested corporate earnings reports.
 
 

●  The Numbers

S&P 5007,748.50  +0.26%
+0.32% this week
Nasdaq Composite26,588.49  +0.54%
+0.85% this week
Dow Jones53,770.27  -0.04%
-1.07% this week
Russell 20003,045.48  +0.61%
+0.87% this week

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

●  The Movers

Leaders

SPCX SpaceX+9.65%
NVDA Nvidia+3.03%
^RUT Russell 2000+0.61%

Laggards

META Meta-3.38%
MSFT Microsoft-2.26%
AMZN Amazon-1.83%

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 (7,503.96) and 200-day (7,065.31) averages β€” the longer-term trend reads as up. 30-day range 7,316.15–7,757.64; currently in the upper third of that range. RSI(14) 75 β€” traditionally described as overbought.

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

●  The Brief

 Lenovo profits beat expectations on AI demand

Lenovo reported stronger-than-expected earnings driven by sales of AI-enabled computers, servers, and services, reflecting broader corporate spending on artificial intelligence infrastructure. (MarketWatch)

 Producer price index data due Thursday morning

The July producer price index, a key measure of wholesale inflation, will be released at 8:30 a.m. ET, with markets watching for signals on broader price pressures. (CNBC)

 Cisco stock falls as analysts cite margin pressure

Cisco shares declined after analysts warned that the company's focus on artificial-intelligence opportunities could compress profit margins in the near term. (MarketWatch)

 Oil prices retreat amid demand and geopolitical crosscurrents

Oil futures fell as investors balanced concerns about weakening demand against ongoing Middle East tensions, creating mixed directional pressure on energy markets. (CNBC)

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Markets 101

What is the Nasdaq Composite?

An index of almost every stock listed on the Nasdaq exchange β€” several thousand of them, heavily weighted toward technology. It's why people say "the Nasdaq" to mean tech.

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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