Stock Market Today, Aug. 24: Nvidia Extends Losses as Tech Stocks Retreat
On Aug. 24, 2026, semiconductor stocks plunged as investors rotated into blue chips, while safe-haven assets like gold climbed on geopolitical uncertainty.
Overview
The Dow Jones Industrial Average (DJINDICES:^DJI) gained 0.26% to 53,417, outperforming the broader market as defensive buying countered a sharp tech retreat. The Nasdaq Composite (NASDAQINDEX:^IXIC) fell 0.76% to 25,980, and the S&P 500 (SNPINDEX:^GSPC) dropped by 0.28% to 7,653.
Gold prices rose 0.76% to $4,650.64 as of U.S. market close, while the 10-Year Treasury yield fell 0.03% to 4.70%. Consumer defensive stocks emerged as the top gainer as energy and technology stocks fell.
Details
Nvidia fell 2.9% as investors reduced risk ahead of its pivotal earnings on Wednesday. Memory stocks, including Micron Technology and Sandisk, tumbled after another Chinese memory-chip firm filed for an IPO in Shanghai. Expedia Group gained as investors continue to process strong earnings earlier this month and analyst upgrades.
Source
Originally published at www.fool.com.