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Pre-Market Report – Tuesday 25 August: US markets mixed ahead of Nvidia and Jackson Hole - SPI up 13 - Results in focus.

Published 1 week, 1 day ago
Description

The S&P 500 fell slightly on Monday as a drop in key technology stocks overshadowed a move lower in Treasury yields.

The broad market index fell 0.28% to 7,652.86, while the Nasdaq Composite lost 0.76% and closed at 25,980.19. The Dow Jones Industrial Average gained 140.15 points, or 0.26% to 53,417.16.

Declines in chip stocks weighed on the broader market. Micron Technology shed 5.8%, while Advanced Micro Devices and Broadcom pulled back more than 3% and 2%, respectively. The iShares Semiconductor ETF (SOXX) slid 2.7%.

SPI up 13 - Results in focus - WDS - Resources to ease perhaps - Gold up a little.

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