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Nasdaq 26,584 ยท Nvidia acquires Hugging Face for $12.9 billion ‌ ‌ ‌ ‌ ‌
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Stock Mornings
Your weekday pre-market read on US stocks.
Issue #54 ยท Friday, September 4, 2026
Volatility (VIX)  Calm ยท 14.1  โ–ผ from 14.3 yesterday
Worth noting  SpaceX (SPCX) moved +6.42% on the day.
Stock markets climbed modestly as calm prevailed, with megacap tech and AI developments drawing investor attention today.
 
 

โ—  The Numbers

S&P 5007,747.71  +1.06%
+0.22% this week
Nasdaq Composite26,584.06  +1.40%
+0.16% this week
Dow Jones53,686.11  +1.18%
+0.22% this week
Russell 20002,968.27  +0.51%
-1.53% this week

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

โ—  The Movers

Leaders

SPCX SpaceX+6.42%
TSLA Tesla+5.42%
META Meta+3.01%

Laggards

^RUT Russell 2000+0.51%
AAPL Apple+1.00%
^GSPC S&P 500+1.06%

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 (7,584.49) and 200-day (7,136.53) 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) 46 โ€” momentum roughly neutral.

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

โ—  The Brief

 Nvidia acquires Hugging Face for $12.9 billion

Nvidia agreed to buy the AI platform Hugging Face to strengthen its AI ecosystem and developer relationships, protecting market position against competitors. (CNBC)

 Nvidia's equity portfolio reaches $99 billion in holdings

Nvidia's backing of AI startups, cloud providers, and infrastructure companies now totals $99 billion, signaling the chipmaker's deepening influence across the sector. (CNBC)

 Congress delays hemp-derived THC products federal ban

THC beverage makers face uncertainty as federal regulation remains delayed, affecting a growing alternative-to-alcohol market segment and related businesses. (CNBC)

 Global government interventions raising rather than calming market concerns

Central bank currency purchases and bond buybacks intended to stabilize markets are increasingly viewed as signs of underlying economic stress by traders. (MarketWatch)

Partner

The charts we read every morning

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Markets 101

What is a moving average?

The average closing price over a set number of days โ€” the 50-day and 200-day are the common ones. Traders use price versus these lines as a rough trend yardstick, nothing more.

Hit reply: What's one market term we should explain in a future Markets 101?
A human reads every answer.

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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