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Nasdaq 26,100 Β· Chevron plans $7B Venezuela expansion, doubling output ‌ ‌ ‌ ‌ ‌
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Stock Mornings
Your weekday pre-market read on US stocks.
Issue #52 Β· Wednesday, September 2, 2026
Volatility (VIX)  Cautious Β· 16.5  β–² from 16.3 yesterday
S&P 500 and Nasdaq declined modestly as investors weigh energy geopolitics, trade tensions, and mega-cap AI positioning.
 
 

●  The Numbers

S&P 5007,631.47  -0.71%
-0.60% this week
Nasdaq Composite26,099.77  -1.03%
-0.20% this week
Dow Jones52,766.88  -0.79%
-1.51% this week
Russell 20002,920.13  -1.23%
-2.99% this week

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

●  The Movers

Leaders

AAPL Apple+2.61%
META Meta+1.08%
^GSPC S&P 500-0.71%

Laggards

TSLA Tesla-3.22%
AMZN Amazon-1.87%
NVDA Nvidia-1.51%

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 (7,570.67) and 200-day (7,126.82) averages β€” the longer-term trend reads as up. 30-day range 7,316.15–7,798.99; currently in the middle third of that range. RSI(14) 38 β€” momentum weak.

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

●  The Brief

 Chevron plans $7B Venezuela expansion, doubling output

Chevron announced a major investment to double oil production in Venezuela as part of a U.S. administration push to increase American energy supply and reduce reliance on other producers. (CNBC)

 Berkshire grew Alphabet stake in Q2 despite market concerns

Berkshire Hathaway CEO Greg Abel confirmed the company increased its position in Google-parent Alphabet in the second quarter, signaling confidence in the company's AI capabilities and competitive position. (CNBC)

 G20 ministers debate AI policy as Canada exits trade discussions

Global trade and innovation officials are gathering to discuss artificial intelligence regulation and policy, while tensions over bilateral trade agreements complicate broader economic cooperation efforts. (CNBC)

 Oil price decline weighs on futures; tech earnings in focus

Falling oil prices pressured equity futures while earnings from Dell, Palo Alto Networks, and other companies provided earnings-related volatility ahead of the market open. (Yahoo Fin)

Partner

The charts we read every morning

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Markets 101

What are the "Magnificent Seven"?

A nickname for seven mega-cap tech giants β€” Apple, Microsoft, Nvidia, Amazon, Alphabet, Meta, and Tesla β€” whose size means their moves can sway the whole S&P 500.

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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