August 25, 2026
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10:13Now PlayingComprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Emily Graffeo, Norah Mulinda and Tim Stenovec.
Stocks rose as a decline in oil prices sent bond yields lower, with traders awaiting Nvidia Corp.’s earnings for clues on whether the outlook for artificial intelligence remains intact.
A rebound in chipmakers halted a seven-day losing streak for the world’s most valuable company ahead of its results. The Nasdaq 100 outperformed major benchmarks. Brent crude settled below $90 on hopes for a revival of energy flows through the Strait of Hormuz, with Iran and Oman discussing an interim framework. A news report the US would be returning diplomats to Middle East embassies also helped sentiment, easing concern about an escalation of the war. Lower oil prices reduced worries about inflationary pressures, lifting Treasuries.
Traders parsed economic data before Wednesday’s release of the Federal Reserve’s preferred inflation gauge. US consumer confidence hit the lowest level since the start of the year on a deteriorating outlook for business conditions and jobs.
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