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Nasdaq 26,798 Β· Mortgage rates surge past 7%, hitting demand for sixth week ‌ ‌ ‌ ‌ ‌
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Stock Mornings
Your weekday pre-market read on US stocks.
Issue #71 Β· Wednesday, September 30, 2026
Volatility (VIX)  Cautious Β· 16.3  β–² from 16.0 yesterday
Stocks dipped modestly as mortgage rates climbed for a sixth week, while Boeing gained on Navy contract news.
 
 

●  The Numbers

S&P 5007,670.84  -0.17%
-1.21% this week
Nasdaq Composite26,797.54  -0.09%
-1.64% this week
Dow Jones51,349.92  -0.26%
-0.99% this week
Russell 20002,807.92  -0.35%
-2.84% this week

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

●  The Movers

Leaders

META Meta+3.24%
SPCX SpaceX+2.59%
AMZN Amazon+0.21%

Laggards

AAPL Apple-2.66%
TSLA Tesla-1.29%
NVDA Nvidia-0.72%

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 (7,645.16) and 200-day (7,213.34) averages β€” the longer-term trend reads as up. 30-day range 7,551.81–7,764.70; currently in the middle third of that range. RSI(14) 53 β€” momentum roughly neutral.

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

●  The Brief

 Mortgage rates surge past 7%, hitting demand for sixth week

Thirty-year fixed mortgage rates jumped above 7% for the seventh consecutive week of declining demand, affecting both homebuyers and refinancing activity. (CNBC)

 Boeing rises on new Navy fighter-jet development contract

The aerospace manufacturer gained nearly 3% in premarket trading after the U.S. Navy selected it to develop next-generation fighter aircraft technology. (MarketWatch)

 Citi downgrades Moderna after 600% rally, cites overvaluation

Analyst downgrade reflects concern that revenue and profit forecasts do not support Moderna's current share price following significant recent gains. (MarketWatch)

 Novo's Wegovy pill maintains weight loss in real-world study

Data shows patients switching from weekly injections to Novo's oral Wegovy formulation continued weight loss, potentially expanding treatment options for obesity. (CNBC)

Partner

The charts we read every morning

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Markets 101

What is an ETF?

An exchange-traded fund β€” a basket of many stocks (or bonds) that trades like a single stock. An S&P 500 ETF lets you own all 500 names in one ticker.

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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