📉 S&P 500 fell 0.87% to 7,641.16, Nasdaq -1% to 26,067.17, Dow -703.84pts (-1.32%) to 52,759.21, as bond yields rebounded (10-yr +4bps to 4.69%, 30-yr +4bps to 5.24%) after Wednesday’s Treasury-buyback relief proved short-lived.
📈 The S&P 500 rose despite tech weakness, led by healthcare and cyclicals, after the Treasury said it will more than double its debt buybacks, sending yields sharply lower (30-year down 10bps to 5.18%) and easing days of bond-market stress.
📉 S&P 500 fell 0.69% to 7,691.76, Nasdaq -1.33% to 26,289.71, Dow -116.38pts (-0.22%) to 53,343.40. The Philadelphia Semiconductor Index dropped 5.5% as surging bond yields and Iran tensions rattled markets.
👀 Markets look past this week to the Fed’s Jackson Hole symposium and Nvidia’s earnings the following week, seen as the next major catalysts for the AI-driven record run.
⚠️ The VIX dropped to its lowest level of the year even as markets sit near records, a sign of growing investor complacency as the Iran conflict, Hormuz impasse, and consumer strain simmer beneath the surface.
Dow, S&P slip as oil rises and retail earnings loom
📉 Dow and S&P 500 fell Monday as rising oil prices weighed on stocks. Still, the Dow is on track for its 5th straight positive month, and the S&P/Nasdaq for their first positive month in 3.
📊 Russell 2000 notched a new record to cap the week, while the S&P 500 slipped slightly Friday after Thursday's record close above 7,800, still on pace for a third straight weekly gain.
🎉📊 S&P 500 +0.65% to a record close of 7,798.99, first time ever above 7,800 intraday. Nasdaq +0.81% to 26,803.03 (led by Meta, Micron, Netflix). Dow +69.72pts (+0.13%) to 53,839.99.
📊✅ July producer prices came in flat, below the 0.2% expected rise, reinforcing bets the Fed will hold rates steady next month. Money markets now price under 40% odds of a September hike.
📊 S&P 500 -0.06% to 7,753.11, Nasdaq -0.32% to 26,605.36, Dow -60.95pts (-0.11%) to 53,975.98 on Monday. Stocks extending the pullback today as traders stay cautious ahead of Wednesday's CPI report.
