News Bulletin
Monday, August 24, 2026
Evening Edition

Economic Numbers:

Time	Event	Actual	Forecast	Previous
Monday, August 24, 2026
8:30	Chicago Fed National Activity (Jul)	-0.08		0.06
11:30	3-Month Bill Auction	3.72%		3.72%
11:30	6-Month Bill Auction	3.79%		3.78%

Indices

	CLOSE	50 DMA	200 DMA
DJIA	53,417.16	52,641.14	49,586.30
NASDAQ	25,980.19	25,954.53	24,255.15
S&P 500	7,652.86	7,546.26	7,099.07

Earnings Calendar:

(EPS: Earning Per Share / Rev: Revenue / Mkt Cap: market Capital/ BMO: Before Market Opening /AMC: After Market Close)

COMPANY	EPS Act	EPS Fore	Rev Act	Rev Fore	Mkt Cap	Time
Palo Alto NetworksPANW:US	-	0.97	-	3.35B	$227.49B	PM
PDD HoldingsPDD:US	19.33	18.73	112.36B	115.95B	$117.58B	AM
AimcoAIV:US	-	-	-	-	$6.67B	PM
HUBHUBG:US	-	0.29	-	941.12M	$2.51B

Market News:

Wall Street on Monday kicked off the week with a mixed showing, as sentiment came under pressure from a decline in the technology sector and an escalation in trade tensions between the U.S. and Canada.

Meanwhile, the fixed-income markets remained in the spotlight after a surprise intervention move by the U.S. Treasury last week to stem a bond sell-off dominated headlines. Market participants are now looking ahead to key inflation data on Wednesday and Federal Reserve Chair Kevin Warsh’s keynote address at the annual Jackson Hole conference on Friday for more interest rate cues.

The other major event of the week will be Nvidia’s quarterly results on Wednesday. The poster child of the artificial intelligence boom, its report will be a key test of the high-flying AI trade that has seen a turbulent period recently.

The benchmark S&P 500 shed 0.3% to close at 7,652.53 points, while the tech-heavy NASDAQ Composite slipped 0.8% to end at 25,980.19 points. The blue-chip Dow Jones Industrial Average added 0.3% to settle at 53,416.99 points.

Memory stocks take a hit, chip names decline ahead of Nvidia

Stocks of companies related to the memory and semiconductor industries - which have been the primary drivers of the soaring AI trade - were some of the biggest decliners on Monday, led by Seagate, Sandisk, Micron Technology, and Western Digital. The Philadelphia Semiconductor Index dropped nearly 3%.

The weakness came after reports over the weekend that the Trump administration was weighing a policy change that could allow Apple to procure DRAM chips from China’s CXMT and NAND flash memory from YMTC — a move that would represent a significant competitive threat to U.S.-based memory suppliers.

Also weighing on the mood was Samsung Electronics’ announcement that its 2026 shareholder return program would total between 90 trillion and 110 trillion Korean won ($65.06 billion to $79.52 billion), a figure that missed investor expectations. Samsung’s Korean-listed stock slid nearly 9%, dragging down the broader KOSPI.

U.S. and Canada trade talks collapse

Away from the technology sector, market participants on Monday parsed an escalation in trade frictions between the U.S. and Canada. Discussions between the two North American nations to reach a deal collapsed over the weekend, and new 50% tariffs on $20 billion of Canadian imports came into effect on Saturday.

"Despite the U.S. offer to Canada to receive the best treatment of any major exporter to our market, new demands and walk backs of other commitments by Canada have upended the careful balance reached in the past days. In addition, Canada is continuing to maintain its prolonged retaliation against the United States, including, among other things, flat-out prohibitions on certain American goods and services," the United States Trade Representative said on Saturday.

U.S. launches ’Operation Economic Outcast’

Speaking of U.S. relations with other countries, Washington on Monday said it had launched what it called "Operation Economic Outcast" against Iran, after Trump last week promised to significantly dial up economic warfare amid an impasse with Tehran over the Strait of Hormuz.

Treasury Secretary Scott Bessent told reporters that the U.S. had "mapped every node, every facilitator, and every network" Iran uses for obtaining oil and keeping its economy running, and that the latest operation would "tighten the noose and block every potential source of revenue that funds the IRGC."

Bessent said Trump was making phone calls to other nations to ask their banks to cease operations with Iran, but did not name specific countries. He also said the Treasury’s Office of Foreign Assets Control was sanctioning over 60 entities and that any potential secondary sanctions would target Iran’s digital assets, technology, gold, and the aviation and shipping sectors.

Some of Iran’s biggest trading partners include major oil importers China and India. When Bessent was asked about sanctions against Chinese banks, he said: "We want to make clear here today that no one is above the reach of U.S. sanctions," adding "we know who they are, they know who they are."

Against this backdrop, oil prices slipped, taking a breather after a steep weekly advance. Brent crude futures, the global benchmark, were last down 2.5% to $90.36 a barrel.

Bonds bounce back

Elsewhere, U.S. Treasury yields fell as traders snapped up bonds. Last week, coming into Wednesday, longer-term bonds in particular had been caught up in a sell-off roughly since the Federal Reserve’s July interest rate decision, driven by inflation jitters due to rising oil prices and concerns over the massive amount of debt being issued by mega-cap companies to fund their artificial intelligence infrastructure spending.

Shorter maturities had fared much better, helped by recent economic data that reduced expectations of imminent Fed rate hikes.

Then, on Wednesday, the U.S. Treasury said it would increase the size of repurchases of long-dated government debt to at least $4 billion from $2 billion. The surprise intervention led to a rally in long bonds which sent yields sliding. However, much of that advance was wiped out on Thursday and on Friday, suggesting that traders saw the move as only a short-term solution. Fiscal worries sparked by news that U.S. debt had crossed $40 trillion also clouded the mood.

CNBC reported on Monday that Washington could use its near $1 trillion Treasury General Account (TGA) to help fund the buybacks, citing two senior Treasury officials. The TGA is the primary operating and checking account of the U.S. government, held at the New York Fed.

"Bessent’s plan to use the TGA to fund Treasury buybacks makes possible exactly what I warned would happen. This reckless plan will substantially shorten the average maturity of the national debt, increasing our exposure to rising short-term rates and making it even harder for the Fed to hike rates without exploding federal interest expense and budget deficits. It’s a recipe for massive (quantitative easing) and runaway inflation," Peter Schiff, chief economist and global strategist at Euro Pacific Asset Management, said.

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