Mixed day for US stocks, Dow at record high, S&P 500 and Nasdaq down, chip stocks slide

From Nasdaq.: 2024-08-26 18:45:08

US stocks were mixed, with the Dow Jones hitting a record high while S&P 500 and Nasdaq fell. Energy stocks rose with WTI crude up 3%. Investors await Nvidia earnings and core PCE price index. Markets predict a 100% chance of -25 bp rate cut in September. Overseas markets fluctuate. German bund yields rise.
Arm Holdings and Micron Tech down over 4%. Energy stocks rise with Devon Energy up over 2%. Everest Group stock up over 1%. Kymera Therapeutics up over 3%. Guardant Health down over 10%. Boeing down over 1%. Tesla down over 3%. PDD Holdings and Arista Networks drop. Uber fined $324 million. Invitation Homes down nearly 1%. Earnings today: Critical Metals Corp and HEICO Corp.



Read more at Nasdaq.: Stocks Turn Lower as Chip Stocks Slide