The S&P 500 closed lower on Monday (25 August) as investors turned their attention to Artificial Intelligence (AI) chipmaker Nvidia’s upcoming quarterly results, following Friday’s rally that saw the Dow Jones Industrial Average close at a record high.
On Friday, US Federal Reserve Chair Jerome Powell suggested at the Jackson Hole Symposium that a rate cut could be considered at the Fed’s September meeting, citing recent weakness in the labour market. This announcement had previously supported gains in the markets.
Nvidia climbed ahead of its quarterly report on Wednesday, which is set to be one of Wall Street’s most closely watched events of the week. With the company accounting for roughly 8% of the S&P 500, its results could have a wide-reaching impact on Americans using index funds for retirement savings.
Market close figures were as follows:
The S&P 500 fell 27.93 points, or 0.43%, ending at 6,438.98.
The Nasdaq Composite dropped 47.24 points, or 0.22%, to 21,449.29.
The Dow Jones Industrial Average slipped 349.27 points, or 0.77%, to 45,282.47.
Israeli officials say there is currently no formal ceasefire in Gaza, despite a temporary pause in some airstrikes, as negotiations move forward on a ...
U.S. Secretary of State Marco Rubio said on Sunday that the conflict in Gaza “has not yet” ended, calling the release of hostages held by Hamas on...
George Russell delivered a commanding performance from pole position to win the Singapore Grand Prix for Mercedes on Sunday, finishing comfortably ahe...
British singer Robbie Williams announced that his upcoming concert in Istanbul had been cancelled “in the interests of public safety,” following p...
Russia carried out airstrikes across Ukraine on Sunday (October 5), with Ukrainian officials reporting waves of missiles and drones targeting the Lviv...
Israeli officials say there is currently no formal ceasefire in Gaza, despite a temporary pause in some airstrikes, as negotiations move forward on a U.S.-brokered deal to free hostages held by Hamas.
U.S. Secretary of State Marco Rubio said on Sunday that the conflict in Gaza “has not yet” ended, calling the release of hostages held by Hamas only the first phase of President Donald Trump’s proposed peace plan.
George Russell delivered a commanding performance from pole position to win the Singapore Grand Prix for Mercedes on Sunday, finishing comfortably ahead of Red Bull’s world champion Max Verstappen.
British singer Robbie Williams announced that his upcoming concert in Istanbul had been cancelled “in the interests of public safety,” following pressure from Turkish NGOs and social media users who had called for the event to be scrapped.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A powerful 7.4-magnitude earthquake struck off Russia’s Kamchatka Peninsula on 13 September with no tsunami threat, coming just weeks after the region endured a devastating 8.8-magnitude quake — the strongest since 1952.
Authorities in California have identified the dismembered body discovered in a Tesla registered to singer D4vd as 15-year-old Celeste Rivas Hernandez, who had been missing from Lake Elsinore since April 2024.
The currency swap agreement signed between the central banks of Türkiye and the United Arab Emirates (UAE) is set to strengthen Türkiye’s digital banking sector and attract fresh investment from the Gulf.
Shein is opening its first permanent physical stores in France, starting in Paris and expanding to five more cities. The fast-fashion giant aims to test brick-and-mortar retail in one of the world’s most influential fashion markets.
Tesla sales hit a record 497,099 vehicles in Q3 as buyers rushed before the U.S. tax credit expired according to reports. Despite the surge, experts warn the gains may not last amid rising competition.
American soybean farmers are struggling as China, once their largest buyer, shifts purchases to Argentina amid trade tensions and export incentives.
U.S.-based aviation company Boeing is preparing to produce a new narrow-body, single-aisle aircraft to replace its 737 Max model, sources report.
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