S&P 500 down 0.06% — Market Pulse · Aug 10, 2026

U.S. stocks lost a bit of momentum on August 10. The S&P 500 closed at 7753.11, down 4.53 points, or 0.06%, while the Nasdaq Composite fell 0.32% to 26605.36 and the Russell 2000 dropped 0.56% to 3017.4. The Dow Jones Industrial Average slipped 0.11% to 53975.98.

Key Takeaways

• S&P 500 closed down 0.06% at 7,753.11.
• Market breadth finished with 229 advancers, 270 decliners, and a 0.848 advance/decline ratio.
• Energy led sectors at +4.68%, while Real Estate lagged at -1.29%.
• VIX ended at 15.46 in the latest five-session lookback.
• SPY’s first resistance is 774.82 and first support is 770.56.

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Market Breadth: Stocks paused as energy strength met softer breadth and a small rise in volatility

Metric	Aug 4	Aug 5	Aug 6	Aug 7	Aug 10
Advance/Decline Ratio	2.590	0.946	0.678	1.825	0.848
Advances	360	244	202	323	229
Declines	139	258	298	177	270
Advancing Volume	76.1%	45.7%	36.6%	68.2%	51.4%
Stocks Near 52-Week Highs	28	17	10	15	18
Stocks Near 52-Week Lows	0	0	1	0	2
% Above 20-Day MA	68.3%	65.5%	63.6%	65.5%	63.4%
% Above 50-Day MA	68.5%	67.5%	64.5%	66.5%	65.8%
% Above 200-Day MA	71.9%	71.5%	71.1%	73.3%	72.6%

Under the surface, breadth was softer than the headline moves suggested. Advancers trailed decliners, 229 to 270, for an advance-decline ratio of 0.848, although advancing volume still reached 51.44%. Even with the modest cooling, 63.02% of stocks remained above their 20-day moving average, 64.41% stayed above the 50-day, and 69.58% held above the 200-day. Stocks near 52-week highs totaled 18, versus 2 near lows.

Explore the full dashboard: Market breadth.

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Market Performance: Major Indexes

Index	Close	Change	% Change
S&P 500	7,753.11	-4.53	-0.06%
Dow Jones Industrial Average	53,975.98	-60.95	-0.11%
Nasdaq Composite	26,605.36	-85.26	-0.32%
Russell 2000	3,017.40	-17.09	-0.56%

Five-session context:

Index	Aug 4	Aug 5	Aug 6	Aug 7	Aug 10
S&P 500	+1.79%	-0.17%	-0.18%	+0.62%	-0.06%
Dow Jones Industrial Average	+1.71%	+0.49%	-0.85%	+0.28%	-0.11%
Nasdaq Composite	+2.59%	-0.83%	-0.06%	+1.30%	-0.32%
Russell 2000	+1.85%	-0.59%	-0.58%	+1.10%	-0.56%

The one-day move looked more like a pause than a broad break. Over the last five sessions, the S&P 500 moved from 7736.52 on August 4 to 7753.11 on August 10 after a 1.79% jump to start the week, two mild down days, a 0.62% rebound on August 7, and Monday’s slight dip. The Nasdaq showed a similar pattern, opening the stretch with a 2.59% gain before ending Monday at 26605.36, below Friday’s 26690.62.

Explore the full dashboard: Market snapshot.

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Sector View: Leaders and Laggards

• Leaders: Energy (XLE +4.68%), Health Care (XLV +1.67%), Materials (XLB +0.61%), Communication Services (XLC +0.52%), Financials (XLF +0.36%)
• Laggards: Real Estate (XLRE -1.29%), Utilities (XLU -1.10%), Technology (XLK -0.88%), Industrials (XLI -0.31%), Consumer Staples (XLP -0.20%)

Sector action was decisive. Energy led by a wide margin, with XLE rising 4.68% to 60.19. Health Care followed, up 1.67% to 168.44, and Materials added 0.61% to 53.18. On the other side, Real Estate fell 1.29% to 44.4, Utilities lost 1.1% to 43.13, and Technology dropped 0.88% to 186.32. That mix points to a rotation away from some defensive yield areas and large-cap tech, while energy-linked shares carried the tape.

Explore the full dashboard: Sector performance.

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Volatility: VIX and ETF Implied Volatility

Metric	Aug 4	Aug 5	Aug 6	Aug 7	Aug 10
VIX Level	16.50	15.81	15.15	14.90	15.46

• SPY IV: 9.98% (Low)
• QQQ IV: 16.45% (Normal)
• IWM IV: 14.14% (Low)
• DIA IV: 12.12% (Low)

Volatility stayed contained, but it did firm. The VIX closed at 15.46, up from 14.9 on August 7 and after falling for three straight sessions from 16.5 on August 4. Options pricing still points to a relatively calm backdrop: SPY implied volatility averaged 9.98%, IWM 14.14%, and DIA 12.12%, all labeled Low, while QQQ sat at 16.45%, labeled Normal.

Explore the full dashboard: Volatility.

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Headlines Moving Markets

The day’s market backdrop included a renewed focus on oil and geopolitics. Reuters items cited fading expectations for a Hormuz deal, oil prices rallying, and inflation remaining in focus. In the broader macro picture, the latest included official releases show second-quarter real GDP increased at an annual rate of 1.5%, down from 2.1% in the first quarter. June personal income rose 0.2%, disposable personal income rose 0.2%, and personal consumption expenditures increased 0.3%.

• Trump says Iran must pay compensation for those it has killed and wounded - Reuters
• Wall Street ends down as expectations of Hormuz deal fade - Reuters
• Oil prices rally, Wall Street retreats with Hormuz, inflation in focus - Reuters
• Who is Iran’s Mohsen Rezaei, the hardliner appointed to key security role? - Reuters
• Mohsen Rezaei appointed as secretary of Iran’s top security body - Reuters
• Trump’s Gaza plan hinges on Hamas disarmament, Israeli withdrawals - reuters.com
• GDP (Advance Estimate), 2nd Quarter 2026
• Personal Income and Outlays, June 2026
• Personal Income and Outlays, May 2026
• Personal Income and Outlays, April 2026
• Federal Reserve issues FOMC statement
• The Club’s top 10 things to watch in the stock market Monday

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Technical Snapshot (SPY)

Level	Aug 4	Aug 5	Aug 6	Aug 7	Aug 10
20-day SMA	745.98	747.15	748.37	749.23	750.14
50-day SMA	744.55	745.16	745.68	746.08	746.57
200-day SMA	697.87	698.43	699.00	699.55	700.08

Near-term pivot structure, based on 2026-08-07:

• Resistance: 774.82 (R1), then 776.49 (R2)
• Pivot: 772.22
• Support: 770.56 (S1), then 767.96 (S2)

Trend structure still looks supportive. SPY’s moving averages continued to rise over the past five sessions, with the 20-day at 750.14, the 50-day at 746.57, and the 200-day at 700.08 on August 10. For near-term levels, SPY’s traditional pivot sits at 772.22, with resistance at 774.82 and 776.49, and support at 770.56 and 767.96. That leaves price action near a zone where small shifts in sentiment can matter.

Explore the full dashboard: Support & Resistance levels.

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What to Watch Next

• Whether the S&P 500 can hold near the 772.22 SPY pivot after Monday’s small pullback.
• Breadth improvement, especially if advancers recover from 229 versus 270 decliners while above-200-day participation stays near 69.58%.
• Energy leadership after XLE’s 4.68% jump and whether that strength spreads beyond one group.
• Keep an eye on the VIX after its move back up to 15.46 from 14.9.
• Small-cap follow-through, with the Russell 2000 down 0.56% on the day.

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Bottom Line

Monday looked like a modest reset, not a major change in trend. Index losses were small, volatility remained fairly low, and most stocks still held above key moving averages. Still, weaker breadth, small-cap lagging, and narrow sector leadership suggest the next few sessions could matter for confirming whether the broader uptrend is still expanding.

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Market Pulse provides daily analysis of S&P 500 market breadth, sector rotation, and volatility signals to help investors understand what’s happening beneath the surface. Data sourced from our real-time market breadth collectors. For personalized planning, explore our retirement calculators, investment tools, and FIRE planning resources.

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