Friday, July 24, 2026

Friday brought a meaningful pullback to the broad market, with the S&P 500 sliding 1.23% to 738.18. The tape showed the usual asymmetry: penny stocks and beaten-down microcaps caught sharp relief rallies while the leveraged plays on Tesla—TSLI, TSLL, TSLR—all cratered in the 29% range, signaling rotation and some forced deleveraging.

Market movers

S&P 500
738.18
-1.23%
Nasdaq 100
Dow Jones
Russell 2000
Volatility
Top gainers
LGCL Lucas GC Limited Ordinary Shares 1.76 +84.97%
NVEC NVE Corporation 134.21 +54.83%
EHGO Eshallgo Inc. Class A Ordinary Shares 2.71 +53.98%
PAVS Paranovus Entertainment Technology Ltd. 5.91 +52.32%
WLDS Wearable Devices Ltd. 2.23 +50.68%
Top losers
SXTC China SXT Pharmaceuticals, Inc. 0.33 -83.53%
ZCMD Zhongchao Inc. 1.73 -59.67%
LESL Leslie's, Inc. 1.33 -44.81%
NVVE Nuvve Holding Corp. 3.23 -44.21%
CISS C3is Inc. 0.96 -40.98%

LGCL, NVEC, and EHGO led gainers with swings north of 50%, the kind of moves you see when distressed names find brief buyers. On the flip side, China-facing and speculative plays got hammered—SXTC off 83%, ZCMD down 60%. The Tesla-linked leveraged ETFs were the day's real story: all three major long ETFs cratered together, suggesting systematic unwinding rather than isolated weakness.

One thing to watch
Watch whether the S&P's 1.2% dip finds support or rolls into next week—and keep an eye on whether those leveraged tech ETFs stabilize or signal deeper conviction in the selloff.

The Daily Dollar is auto-generated for informational and educational purposes only. Nothing here is financial advice, a recommendation to buy or sell, or a forecast. Markets are risky; do your own research.