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Nasdaq 26,936 Β· 30-year Treasury yield hits highest level since 2004 ‌ ‌ ‌ ‌ ‌
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Stock Mornings
Your weekday pre-market read on US stocks.
Issue #67 Β· Thursday, September 24, 2026
Volatility (VIX)  Cautious Β· 16.0  β–² from 15.2 yesterday
Worth noting  SpaceX (SPCX) moved -4.11% on the day.
Stocks fell modestly as Treasury yields climbed to two-decade highs, while Trump-Xi talks begin amid trade and AI tensions.
 
 

●  The Numbers

S&P 5007,706.03  -0.76%
+1.59% this week
Nasdaq Composite26,936.04  -0.69%
+3.67% this week
Dow Jones51,511.59  -1.03%
-1.12% this week
Russell 20002,838.66  -1.28%
-1.10% this week

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

●  The Movers

Leaders

META Meta+1.02%
MSFT Microsoft+0.52%
TSLA Tesla+0.32%

Laggards

SPCX SpaceX-4.11%
GOOGL Alphabet-3.80%
AMZN Amazon-2.24%

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 (7,624.84) and 200-day (7,192.01) averages β€” the longer-term trend reads as up. 30-day range 7,551.81–7,798.99; currently in the middle third of that range. RSI(14) 55 β€” momentum roughly neutral.

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

●  The Brief

 30-year Treasury yield hits highest level since 2004

Long-term U.S. borrowing costs reached their highest point in two decades, signaling market expectations for sustained higher rates and potentially weighing on equity valuations. (CNBC)

 China, U.S. hold first AI talks; trade truce extension hinted

China confirmed preliminary AI discussions with the U.S. ahead of the Trump-Xi summit, suggesting potential easing of trade tensions that could affect semiconductor and tech stocks. (CNBC)

 Swiss National Bank holds rates at 0%, diverging from peers

Switzerland's central bank kept rates unchanged due to low inflation and currency strength, highlighting divergent monetary policies across major economies affecting global markets. (CNBC)

 Bond market warning signal from 1987 returns, Wall Street notes

Bonds are now offering returns comparable to stocks, a pattern last seen before Black Monday in 1987, raising questions about asset valuations and market risk. (MarketWatch)

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Markets 101

What's a dividend?

A cash payment some companies send shareholders from their profits, usually quarterly. Many fast-growing tech firms pay none, reinvesting instead; older firms often pay steady ones.

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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