- On August 26, US stock indices closed mixed as investors adopted a cautious stance ahead of Nvidia's earnings report and amid elevated inflation data.
- Nvidia shares fell 1.59 % to 209.66 dollars while leading market turnover, and Meta gained 1.07 % after resolving a child safety lawsuit.
- Macroeconomic data showed the July PCE price index rose 3.7 % year-on-year, leaving the Federal Reserve facing a policy dilemma.
- U.S. stock indices edged lower in early trading on August 26 as investors maintained a cautious stance ahead of Nvidia's upcoming earnings report and reacted to persistent inflation pressures with core PCE rising 3.3% year-on-year.
- The semiconductor sector generally declined, with Nvidia falling 1.13% to $210.64 amid heavy trading volume while announcing platform support for Alibaba's latest AI model.
- Meta shares rose after agreeing to a 16.68 billion dollar settlement to resolve addiction and data collection lawsuits, whereas Snap dropped 8.95% and EV stocks experienced pullbacks.
