U.S. Stock Market Trend (August 26th): NVIDIA Ends 7-Day Losing Streak, Storage and Optical Communications Rebound Across the Board

marsbit2026-08-26 tarihinde yayınlandı2026-08-26 tarihinde güncellendi

Özet

U.S. Stock Market Trends (August 26th): Nvidia Ends Seven-Day Losing Streak; Memory and Optical Communication Stocks Rebound Across the Board. On Tuesday, the three major U.S. stock indices closed higher. The tech-heavy Nasdaq gained 0.66% as declining long-term Treasury yields (the 10-year yield fell to 4.625%) provided a valuation relief window for growth stocks. The Philadelphia Semiconductor Index rose 1.44%. Nvidia shares gained 2.19%, ending a seven-session decline ahead of its closely-watched earnings report after Wednesday's close. Memory and optical communication stocks saw a broad rebound, with AMD, Marvell, and Micron among the notable gainers. The 'Magnificent Seven' were mixed, with Tesla being the sole decliner. Oil prices fell for a second consecutive day, with WTI crude dropping 2.4% to $85.01 per barrel. This followed a joint statement from Iran and Oman proposing a secure maritime channel in the Strait of Hormuz, signaling a potential de-escalation of regional tensions. Bitcoin briefly touched $80,000, while gold prices hit a three-month high. The simultaneous strength in both assets was driven by expectations of improved liquidity amid lower yields and persistent concerns about dollar credit. Market focus now shifts to Nvidia's earnings, with investors keenly awaiting guidance on Blackwell chip shipments, data center revenue, and signals on AI capital expenditure.

Written by: Trend Research

On Tuesday, the three major U.S. stock indices closed higher collectively. The Dow Jones Industrial Average rose 0.30% to close at 53,577.40 points, the S&P 500 rose 0.32% to 7,677.28 points, and the Nasdaq Composite rose 0.66% to 26,151.30 points. The VIX index fell 1.77% to 16.13. The 10-year U.S. Treasury yield fell to 4.625%, providing a valuation repair window for technology stocks. The Philadelphia Semiconductor Index rose 1.44%, with NVIDIA ending its seven-day losing streak. Oil prices fell sharply for the second consecutive day as Iran and Oman announced plans to establish a safe passage in the Strait of Hormuz. Bitcoin briefly touched $80,000, and gold hit a three-month high. NVIDIA's earnings report is scheduled for release after the market closes on Wednesday.

Declining Long-Term Interest Rates Open a Window for Valuation Repair

The underlying theme of Tuesday's market was "continued decline in interest rates." The 10-year U.S. Treasury yield fell 7.13 basis points to 4.625%, the 2-year yield fell 6.39 basis points to 4.170%, and the 30-year yield fell 6.05 basis points to 5.164%. Interest rates continued their decline from Monday's 4.70%, dropping further to 4.625%.

The effects of Secretary Besant's policy of using nearly a trillion dollars from the TGA account to repurchase long-term bonds continued to take effect on Tuesday. The decline in long-term interest rates opened a valuation repair window for high-valuation technology stocks. With the lower discount rate for future cash flows, growth stocks saw a temporary easing of valuation pressure. The Nasdaq rose 0.66%, ending its previous streak of underperformance.

However, whether this logic can persist depends on whether long-term rates can stabilize below 4.60% and whether NVIDIA's earnings report on Wednesday can provide sufficiently strong guidance to support valuations.

Signs of Geopolitical Easing Emerge, Oil Prices Plunge for Second Day

Iran and Oman issued a joint statement outlining plans to establish a mutually agreed-upon safe maritime passage in the Strait of Hormuz. Oman's Foreign Minister stated that the two countries are expected to soon announce specific arrangements regarding a temporary navigation route for the Strait of Hormuz and the resumption of secure navigation through the strait.

This marks the first clear signal of easing tensions in the Strait of Hormuz since the escalation. Although the specific arrangements for the passage have not yet been finalized, the joint statement itself signifies that Iran, at least publicly, is signaling a willingness to negotiate.

Oil prices fell sharply for the second consecutive day. WTI crude oil futures fell 2.4% to $85.01 per barrel on Tuesday. The retreat of geopolitical risk premiums was the main driver behind the decline in oil prices, coupled with signals of a U.S. shift from military strikes to sanctions against Iran, jointly compressing the risk premium on crude oil.

U.S. Secretary of State Rubio informed his foreign counterparts that the United States "currently" does not anticipate launching new strikes against Iran, further confirming the de-escalation direction of the U.S.-Iran conflict.

Storage and Optical Communications Rebound Across the Board, NVIDIA Ends 7-Day Losing Streak

Chip stocks were the main force behind Tuesday's rebound. The Philadelphia Semiconductor Index rose 1.44%, ending its previous consecutive declines.

The storage and optical communications sectors rebounded across the board. AMD rose 4.91%, Marvell Technology rose 4.84%, and Micron Technology rose 2.48%. Storage chip stocks, which had been under pressure recently, collectively warmed up on Tuesday, with SanDisk, Western Digital, and others posting gains to varying degrees.

NVIDIA closed up 2.19% at $213.05, ending a seven-day losing streak. Previous market concerns over NVIDIA's earnings report, the unfolding risks in AI financing, and rising long-term interest rates had collectively pressured the stock price. Tuesday's decline in interest rates provided the trigger for valuation repair.

The "Magnificent Seven" showed mixed performance on Tuesday. Meta rose 1.66%, Amazon rose 1.33%, Microsoft rose 0.84%, Google (Alphabet) rose 0.83%, and Apple rose 0.32%; NVIDIA rose 2.19%; Tesla fell 3.83%, being the only component of the seven to decline. Divergence within the Magnificent Seven continues, with capital remaining highly selective within the technology sector.

Bitcoin Briefly Tops $80,000, Gold Also Strengthens

Cryptocurrency assets continued their strength. Bitcoin briefly touched $80,000 during the session, the first time since May, with monthly gains exceeding 27%. Gold also strengthened in tandem, with spot gold prices rising as much as 1.7% intraday, breaking above $4,680. The world's largest gold ETF attracted a single-day inflow of $1.3 billion.

The driving logic behind the synchronous rise of Bitcoin and gold remained consistent with Monday: funds are trading both expectations for improved liquidity and concerns over U.S. dollar credibility against the backdrop of falling long-term interest rates.

Tonight's Focus: NVIDIA Earnings Report

NVIDIA will release its earnings report after the market closes on Wednesday. Following the end of its seven-day losing streak, the market will focus on Blackwell shipments, data center revenue guidance, and signals regarding AI capital expenditures. Any flaw in guidance could trigger a chain reaction within the AI hardware supply chain.

İlgili Sorular

QWhat was the main factor contributing to the valuation repair window for high-valuation tech stocks on August 26th?

AThe main factor was the continued decline in long-term interest rates, specifically the drop in the 10-year Treasury yield to 4.625%. This lowered the discount rate for future cash flows, easing valuation pressure on growth stocks.

QWhy did oil prices fall for two consecutive days according to the article?

AOil prices fell primarily due to signals of geopolitical de-escalation. The joint statement from Iran and Oman about establishing a safe maritime channel in the Strait of Hormuz reduced geopolitical risk premiums. Additionally, signals that the US might shift from military strikes to sanctions against Iran further lowered oil's risk premium.

QWhich semiconductor sectors led the market rebound on that day, and can you name some specific companies mentioned?

AThe memory and optical communication semiconductor sectors led the rebound. Specific companies mentioned include AMD (up 4.91%), Marvell Technology (up 4.84%), Micron Technology (up 2.48%), along with SanDisk and Western Digital.

QAmong the 'Magnificent Seven' tech giants, which one was the only decliner on August 26th?

ATesla was the only decliner among the 'Magnificent Seven' tech giants, falling 3.83%.

QWhat were the two key assets that saw strong performance driven by both liquidity improvement expectations and concerns over US dollar credit?

ABitcoin and gold were the two key assets. Bitcoin briefly touched $80,000, and gold rose strongly, with spot gold price surpassing $4,680. Their rise was attributed to funds trading on both expectations of improved liquidity (due to falling long-term rates) and concerns over US dollar credit.

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