Largecap News Today — August 1, 2026
S&P 500 ends with its first July decline since 2014. Here are the stocks that led the selloff. and more — today's largecap signal.
US stocks are ending a downbeat week on a sour note, with the S&P 500 notching its first July decline since 2014. The index's slide was led by declines in major constituents, including shares of Novo Nordisk, which plunged after the company announced a failed trial for one of its heart medicines. The setback adds to the company's pipeline woes and has investors reassessing their expectations for the stock.
The broader market weakness comes as investors digest a range of news, from developments in the tech sector to updates on economic policy. A report suggesting that Nvidia chips may have played a role in China's development of a top-tier AI model has sparked new debate about the global tech landscape. Meanwhile, news that hundreds of thousands of defrauded student loan borrowers may be eligible for debt forgiveness has implications for those individuals, but is not having a significant impact on the broader market. As the earnings season continues, investors will be watching to see how major companies are navigating these and other challenges.
Today's signal:
• S&P 500 ends with its first July decline since 2014. Here are the stocks that led the selloff. (marketwatch.com)
• Did China build a top-tier AI model by itself? A new report suggests Nvidia chips played a role. (marketwatch.com)
• S&P 500 heads for the first July decline since 2014. Here are the stocks that led the selloff. (marketwatch.com)
• 450,000 defrauded student loan borrowers are eligible for debt forgiveness — here's who qualifies (cnbc.com)
• Novo Nordisk’s stock slumps after failed trial — adding to the company’s woes (marketwatch.com)
• Novo Nordisk shares dive after heart medicine fails trial, dealing another blow toits pipeline (cnbc.com)