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Nakagai Daily Brief

Tue 8 Sep 2026

Before the open, every trading day

Premarket

S&P 500SPY
-0.19%
at 768.73
By the close-0.35%
Nasdaq 100QQQ
+0.00%
at 719.10
By the close-0.09%
DowDIA
n/a
No premarket print
Russell 2000IWM
n/a
No premarket print

IEX premarket price against the prior close.

S&P 500 slips premarket after a down close, trend still leaning bullish

Tone

The S&P 500 closed down 0.38 percent and the Dow lost 0.52 percent, while the Nasdaq 100 gained 0.2 percent and the Russell 2000 added 0.26 percent. The S&P 500 is 0.19 percent lower premarket. Nasdaq 100 premarket prices are flat, and premarket prices for the Dow and Russell 2000 are not in yet. The structure score for the S&P 500 is 71, labeled leaning bullish. The trend is still up, but the index sits mid-range after a down close, so the bigger picture favors buyers while the short term is softer.

Market coverage centers on a Yardeni note that the S&P 500 has hit a 30-year valuation paradox, and revised June jobs data showing layoffs up 19,000 and hires down 16,000, a labor market warning. Among companies, an Amazon Prime Air cargo plane crashed in Miami, killing at least five, and the NTSB is giving updates. Amazon valuation coverage is also drawing attention.

Today's economic and earnings calendar is unavailable, so check the page for updates before the open.

Structure

Leaning bullish71/100

Describes where SPY stands now. Not a forecast.

  • SPY above its 20-day average+25
  • 20-day average above the 50-day+25
  • In the middle third of its 20-day range+13.44
  • IEX premarket -0.2% vs prior close+7.79

News

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Today

Economic releases

Calendar unavailable

Earnings

Calendar unavailable

Key levels

LevelS&P 500SPYNasdaq 100QQQDowDIARussell 2000IWM
Prior close770.18719.10534.04295.94
Prior high772.85721.84536.33296.18
Prior low769.00716.61533.03293.58
5-day high774.01721.84537.56296.18
5-day low759.49704.68526.93289.99
IEX premarket768.73719.10n/an/a

Informational only. Not financial advice or a trade signal.

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