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Nasdaq 26,067 ยท Treasury yields rise as bond buyback rally fizzles ‌ ‌ ‌ ‌ ‌
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Stock Mornings
Your weekday pre-market read on US stocks.
Issue #44 ยท Friday, August 21, 2026
Volatility (VIX)  Cautious ยท 15.7  โ–ผ from 16.0 yesterday
Worth noting  SpaceX (SPCX) moved -4.05% on the day.
Stocks declined modestly as Treasury yields climbed and debt concerns weighed, while earnings focus shifts to upcoming mega-cap results.
 
 

โ—  The Numbers

S&P 5007,641.16  -0.87%
-2.02% this week
Nasdaq Composite26,067.17  -1.00%
-2.75% this week
Dow Jones52,759.21  -1.32%
-2.01% this week
Russell 20002,992.43  -1.34%
-1.98% this week

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

โ—  The Movers

Leaders

META Meta-0.04%
NVDA Nvidia-0.33%
MSFT Microsoft-0.65%

Laggards

SPCX SpaceX-4.05%
AMZN Amazon-2.16%
AAPL Apple-1.75%

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

Trading above both its 50-day (7,532.90) and 200-day (7,091.61) averages โ€” the longer-term trend reads as up. 30-day range 7,316.15โ€“7,798.99; currently in the upper third of that range. RSI(14) 62 โ€” momentum firm.

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

โ—  The Brief

 Treasury yields rise as bond buyback rally fizzles

Longer-dated Treasury yields increased as concerns about the Treasury Department's debt repurchase program continue to pressure markets and economic outlooks. (CNBC)

 U.S. confronts $40 trillion debt with difficult choices ahead

The federal government faces mounting pressure to address its massive debt load, with policymakers weighing options that could create economic challenges. (MarketWatch)

 Nvidia earnings could signal direction for stalled market

The AI chip maker's upcoming results carry outsized importance for broader market momentum, as Nvidia shares have struggled since the last earnings report. (MarketWatch)

 Moderna's cancer vaccine shows promise amid hype concerns

The company's personalized mRNA shot for skin cancer has generated excitement, though some analysts caution that investor enthusiasm may be outpacing realistic expectations. (CNBC)

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Markets 101

Bull market vs. bear market?

A bull market is a sustained rise (often defined as +20% from a low); a bear market is a sustained fall of 20% or more from a high. The names describe the trend, not a forecast.

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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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