Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Highlights: S&P 500, Nasdaq end lower as Warsh's inflation stance lifts rate-hike bets
Synopsis
Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Highlights: US stocks ended lower on Friday as Fed Chair Kevin Warsh reaffirmed the central bank's focus on bringing inflation back to 2%, lifting expectations for a September rate hike. The S&P 500 fell 0.26% and Nasdaq dropped 0.53%, while PayPal slid and Gap surged after company updates.
US stocks close lower as Warsh's hawkish stance lifts rate-hike bets.
Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Highlights:The S&P 500 and Nasdaq closed lower on Friday as investors turned cautious after Fed Chair Kevin Warsh reiterated the central bank's commitment to fighting inflation. Traders increased bets on a September rate hike, with markets split between a hike and a hold. The S&P 500 fell 0.26%, while the Nasdaq lost 0.53%. PayPal slumped after a reported takeover exit, while Gap jumped after naming a new Old Navy CEO and raising its annual profit outlook.
1 New Update
01:50:22 AM IST, 29 Aug 2026
Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Highlights: S&P 500, Nasdaq end lower as Warsh's inflation stance lifts rate-hike bets
S&P 500 lost 19.94 points, or 0.26%, to end at 7,711.05 points, while the Nasdaq Composite lost 140.79 points, or 0.53%, to 26,400.56. The Dow Jones Industrial Average fell 11.06 points, or 0.02%, to 53,558.38. Read more
01:13:25 AM IST, 29 Aug 2026
Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: JPMorgan says rising bond yields may reflect AI-driven productivity boom
JPMorgan Private Bank said rising long-term bond yields may reflect expectations of stronger productivity from AI investment, rather than only inflation and government debt concerns. The bank remains bullish on semiconductors and favors shorter-duration credit, arguing attractive spreads can cushion returns even if interest rates rise further.
01:00:00 AM IST, 29 Aug 2026
Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: Most Declined Nasdaq Stocks
12:54:02 AM IST, 29 Aug 2026
Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: Most Advanced Nasdaq Stocks
12:50:00 AM IST, 29 Aug 2026
Markets took it a bit hawkishly. We saw the market price in more hikes. The long end reacted in a way that the Fed might be a little bit more serious about hiking, so therefore inflation credibility may be less at risk. The one hawkish thing to note is that he did mention that the labor market is stable and output is strong, and then obviously they're concerned around inflation, so I think that's what led markets to view this as somewhat hawkish. It puts the emphasis on the data that's coming up now, so if we get a stable or stronger labor market signal next week and then we get a stronger inflation print the following, then that's going to give a signal that maybe Warsh is ready to go as well.
- Molly Brooks, US rates strategist, TD Securities, New York
12:40:00 AM IST, 29 Aug 2026
The initial conclusion is that Chairman Warsh is giving the market what it wants to a certain extent. He's acknowledging that inflation is an ongoing issue but sticking to his guns of not being overly forward about predicting what the Fed may or may not do in the future. That's as good as you could have hoped coming out of him. The market is reflecting that.
- Oliver Pursche, senior vice president, Wealthspire Advisors, Westport, Connecticut
12:30:00 AM IST, 29 Aug 2026
Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: Bessent defends yen intervention, warns volatility could push US rates higher
Treasury Secretary Scott Bessent defended the US intervention to support the yen, arguing that disorderly currency markets could trigger forced unwinding of positions, destabilize global markets and raise US borrowing costs. He said the Treasury used existing foreign-currency assets to buy yen and denied extending credit to Japan.
12:20:00 AM IST, 29 Aug 2026
Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: Trader Joe’s must face Smucker’s lawsuit over alleged Uncrustables copycat
A US judge rejected Trader Joe’s bid to dismiss or move a lawsuit accusing it of copying J.M. Smucker’s trademarks for its popular Uncrustables sandwiches. Smucker alleges Trader Joe’s round, crustless sandwiches mimic its product design and packaging. The judge found Smucker had sufficiently shown its sandwich design could qualify as a famous trademark.
12:12:12 AM IST, 29 Aug 2026
Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: Blue Owl funds lead $2.4 billion financing for Iren’s AI factory
Blue Owl Capital-managed funds are leading a $2.4 billion financing for Iren to fund its purchase of air-cooled Nvidia accelerated computing infrastructure. The financing comprises a $1.2 billion senior secured term loan and $1.2 billion of senior secured notes.
11:59:00 PM IST, 28 Aug 2026
At least for the time being, we're getting more of the same Warsh-speak that we saw prior to any of the Fed decisions that he had been a part of. Meaning he's saying a lot, but none of this seems really substantive. The initial reaction seems hawkish, but it looks like we're just repeating or seem to be getting in the same route as we did leading up to the last Fed decision where the market was all hawked up heading into it. And in the end, there was nothing to be hawkish about and the dollar sold off. So we'll see where this goes into the next meeting next month. But I feel like I'm watching him give the same speech for the fourth time now, maybe even fifth. Because frankly, he's talking about, yes, they're going to be focused on inflation. He's not giving forward guidance, but inflation is not going in the direction that they want it to go. But he's saying all the same hawkish talking points that he said leading up to the last decision. And then the last decision he's basically like, well, the market's doing all the work for us, so we're good. So, it's kind of like a fool me once, shame on you; fool me twice, can't get fooled again, if you know that. Yeah, that's where it seems like we're going.
- Eugene Epstein, head of trading and structured products at Moneycorp in Stamford, Connecticut
11:50:00 PM IST, 28 Aug 2026
Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: Rogoff says US debt crisis may be needed to force fiscal action
According to Bloomberg, Harvard economist Kenneth Rogoff warned that the US may need a major economic or geopolitical shock to force policymakers and voters to address the country's worsening debt burden. With US debt surpassing $40 trillion and borrowing costs rising, Rogoff said Washington has failed to adapt to higher interest rates and faces limited room to respond to a future crisis.
11:40:00 PM IST, 28 Aug 2026
Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: Bitcoin slips below $80,000 as Warsh's inflation stance lifts rate fears
Bitcoin fell below $80,000 on Friday after Fed Chair Kevin Warsh reaffirmed the central bank's commitment to bringing inflation back to target, pushing short-term Treasury yields higher. Bitcoin dropped as much as 2.9% to $77,813 but remained well above its levels earlier this month. Traders remained cautiously optimistic about the broader crypto rebound.
11:30:00 PM IST, 28 Aug 2026
Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: Nvidia-backed Lambda raises $1 billion private debt for AI chips
AI cloud provider Lambda has raised about $1 billion in private short-term debt to finance Nvidia GPUs that will be leased by Microsoft. JPMorgan arranged the deal, which follows a separate $926 million loan earlier this month. The financing comes as Lambda explores a potential $3 billion funding round ahead of a possible IPO next year.
11:20:00 PM IST, 28 Aug 2026
Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: Trump loses bid to move New York hush-money case to federal court
A US federal judge rejected Donald Trump's attempt to move his New York criminal case to federal court, ruling that he waited too long and that the hush-money payments did not constitute official presidential acts. The decision means Trump's appeal of his 34 felony convictions will continue in New York state courts.
11:10:00 PM IST, 28 Aug 2026
Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: Fed's Goolsbee sees no conflict with Treasury over bond yields
Chicago Fed President Austan Goolsbee said he sees no conflict between the Federal Reserve and Treasury Department, despite recent Treasury efforts to limit the rise in long-term yields. He said debt management decisions fall under Treasury's remit and are among the financial conditions the Fed considers when setting monetary policy.
11:00:00 PM IST, 28 Aug 2026
During the speech we saw the short end of the yield curve rise while the long end moved down. This came alongside Warsh’s focus on the inflation data staying elevated, which he spoke to at length. This should quell some of the bond market anxiety as he gave a clear picture of the Fed’s stance on inflation and the need to push it down to target at sufficient speed -- his own words. I found his communication to be very clear in what his Fed would and would not do. He clearly is sticking to his guns with respect to forward guidance and the risks that presents to markets. He wants the markets to assess the data and come to their own conclusions, just like the Fed is doing behind closed doors. The one thing lacking from this speech was a credible plan to actually fight inflation. Perhaps that means he will push harder on running down the Fed’s balance sheet, but there are a lot of question marks here. He did specifically call out one of his primary methods of evaluating inflation, the disaggregation of all the specific goods/services in the PCE basket to see the inflation rates of the underlying areas. I wouldn’t be surprised to see more research on this area going forward. Investors will likely see the Fed moving in a more hawkish direction. Warsh directly spoke to both sides of the Fed’s dual mandate, noting that labor markets were robust while inflation measures have stayed consistently well above target. The base case for their forward decisions appears to be moving slightly more toward hawkish, especially given the continued strength coming from corporate capex and equity earnings.
- Cyrus Amini, chief investment officer, Hyphen Wealth Management, Mount Pleasant, South Carolina
10:50:00 PM IST, 28 Aug 2026
Warsh acknowledged the reality of an economy at full employment and inflation above target, as it has been for five years. Nominal interest rates are below nominal GDP growth, which is the definition of a stimulative monetary policy, which is not an appropriate stance for an economy at full employment and inflation above target. The market raised the likelihood of an increase in the Fed funds rate at the September FOMC meeting and is now pricing in another hike by year-end. The short-end of the curve has sold off while the long-end has rallied in response to a Fed chair that sees inflation as the primary problem. Both Warsh and the market have gotten their assessments correct. CHRIS GUNSTER, HEAD OF FIXED INCOME, FIDELIS CAPITAL, GREENWICH, CONNECTICUT: It’s pretty clear that the market now expects a higher probability of a Fed rate hike in September. Before the meeting, it was less than 50% probability. After the meeting, it is now over 50% probability. That is in line with the comments that he made around inflation being above target, employment being strong, and his quote about the economy being surprisingly resilient. That gives him the leeway to increase rates in the near term. Warsh was more hawkish than expected from the marketplace. Looking at the market reaction, it says exactly that. We have lower inflation expectations on the longer term and higher inflation expectations in the really short end. That is consistent with what we’re seeing in the Treasury market with a flattening of the yield curve. Long-end Treasury rates have moved down. Front-end Treasury rates are higher. That is consistent with a Fed hiking.
- Michael Rosen, managing partner and CIO, Angeles Investments, Santa Monica, California
10:40:00 PM IST, 28 Aug 2026
Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: US Treasury swapped foreign-currency assets for yen, Bessent says
10:30:00 PM IST, 28 Aug 2026
Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: Dollar rises as Warsh comments lift Fed rate hike bets
The U.S. dollar rose to a one-week high on Friday after Fed Chair Kevin Warsh signaled that rate hikes could be needed if inflation fails to return to the 2% target. September hike odds climbed to about 50% from 35% before his speech. The dollar was up nearly 0.7% for the week, its strongest weekly gain in five weeks.
10:20:00 PM IST, 28 Aug 2026
Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: US job growth likely weaker than reported, preliminary data show
US payroll growth in the year through March was likely weaker than previously reported, with the Bureau of Labor Statistics estimating a preliminary downward revision of 79,000 jobs. The adjustment suggests average monthly job growth was closer to 11,000 rather than 17,600, pointing to a softer but broadly balanced labor market.
10:10:00 PM IST, 28 Aug 2026
Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: Citadel Securities posts record $7.3 billion trading revenue in Q2
Citadel Securities posted a record $7.3 billion in second-quarter trading revenue, more than triple the year-earlier level, as market volatility boosted its business. Net income rose more than 250% to $3.3 billion. Growth in high-touch equities and expanded fixed-income trading helped drive results as the firm broadens its market-making operations.
10:00:00 PM IST, 28 Aug 2026
Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: European stocks extend five-month rally as Fed, ECB rate outlooks stay in focus
European stocks rose 0.5% on Friday, extending their monthly winning streak to five months, supported by resilient economic growth and strong corporate earnings. The Stoxx Europe 600 gained about 1% in August. Investors are now weighing sticky inflation and firmer rate expectations ahead of a seasonally weaker September.
09:50:00 PM IST, 28 Aug 2026
Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: Gold falls over 1% as Warsh remarks boost Fed rate hike bets
Gold prices fell more than 1% on Friday as Federal Reserve Chair Kevin Warsh's comments strengthened expectations for a rate hike. September hike odds rose to 56% from 36% before his remarks, while a stronger dollar added pressure on bullion. Spot gold touched a one-week low of $4,528.94 an ounce.
09:40:00 PM IST, 28 Aug 2026
Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: Iran rejects new US sanctions as diplomatic push to reopen Hormuz gains momentum
Iran condemned new US sanctions as “state terrorism” and urged other countries not to enforce them as diplomatic efforts intensified to reopen the Strait of Hormuz. Qatar pressed Tehran to restore free shipping, while Iran said it was preparing conditions for reopening the waterway. The US said it had cleared Iranian mines, but shipping remained far below normal levels.
09:30:00 PM IST, 28 Aug 2026
Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: Global stocks rise as markets price in higher odds of Fed rate hike
Global equities rose on Friday while two-year Treasury yields and the dollar climbed as traders increased bets on a Federal Reserve rate hike after Chair Kevin Warsh signaled that policymakers may need to act if inflation fails to return to the 2% target. September hike odds rose to 55.7% from 35.4% a day earlier. U.S. stocks gained, while oil and bitcoin fell.
09:20:00 PM IST, 28 Aug 2026
What Warsh said isn't surprising given the circumstances. It came after a press conference that was criticized in retrospect. He had to come out and say something about the policy outlook, reiterating the Fed's intent to control inflation, re-enforcing the Fed's inflation-fighting credentials. The market reaction was as expected. The yield on the two-year, a very policy-sensitive portion of the curve and the shorter intermediates, did move up as they anticipated a rate increase if not in September, then in all likelihood by the early part of December. He threw a lot of dots out there and when you connect them, in effect, that's what he was saying. Unless inflation rolls over and we don't expect it to. If anything, the pressure may build a bit over the next 6 to 8 months. He didn't come right out and say it, but all the ingredients seem to be there at this point for at least one rate increase, if not more going forward.
- Gary Schlossberg, global strategist, Wells Fargo Investment Institute, San Francisco
09:10:00 PM IST, 28 Aug 2026
The market was underpricing the odds of a Fed hike before, and I think now they're appropriately priced in. This was a marked improvement from the July press conference. What Warsh explicitly says is that inflation is too high, recent progress has been modest, labor markets are consistent with full-employment and broad financial conditions do not appear restrictive. Short-term interest rates remain the predominant policy tool, and the Fed must be ready to act if inflation does not improve.
- Christopher Hodge, chief US economist, Natixis, New York
09:00:00 PM IST, 28 Aug 2026
Warsh accomplished what he was trying to do, which is get his point of view across without really disrupting the markets. Why the market is very modestly reacting is he is very adamant that the 2% inflation target is going to remain. There's been somewhat misguided thoughts among investors that this would soften a little bit. Clearly, that's not the case. He is reiterating the hawkishness, but in a more of a consistent way than an incremental way. He's telling the market, do not expect cuts in any time until we have this thing completely under control and do prepare yourself for hikes.
- Mark Hackett, chief market strategist, Nationwide, Philadelphia
08:47:04 PM IST, 28 Aug 2026
Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: Gap shares jump 24.1% after Old Navy leadership change
Gap shares jumped as much as 24.1% to a four-month high after the retailer named Michael Francis as CEO of Old Navy and raised its annual profit forecast. The leadership change aims to revive Gap's biggest brand, where quarterly comparable sales fell 4%.
08:30:00 PM IST, 28 Aug 2026
Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: Zinc slips from four-year high as Warsh fuels US rate hike bets
Zinc fell from a four-year high on Friday after Fed Chair Kevin Warsh's comments on inflation prompted traders to increase bets on a September rate hike. However, tight inventories continued to support prices, with LME zinc stocks falling to around two days of global consumption. Zinc remained on track for a 6.4% monthly gain in August.
08:24:16 PM IST, 28 Aug 2026
Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: Treasury yields rise after Warsh signals possible rate hikes
U.S. Treasury yields rose in choppy trading after Federal Reserve Chair Kevin Warsh said the central bank would have “work to do” if inflation does not move back toward its 2% target. His comments suggested interest rate hikes could be needed if price pressures persist. The 2-year Treasury yield rose 5.36 basis points to 4.286%, its highest since July 31, while the 10-year yield gained 2.01 basis points to 4.692%. Read more
08:18:30 PM IST, 28 Aug 2026
Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: Rate-hike expectations rise on Warsh speech at Jackson Hole
The Federal Reserve will "have work to do" if policymakers are not confident that underlying inflation is returning to its 2% target, Chair Kevin Warsh said on Friday in remarks that marked the closest he has come to acknowledging interest rate hikes may be needed to ease price pressures.
U.S. stocks rose on Friday, while the U.S. dollar index rose 0.4% to 99.55, again reflecting expectations that rates will rise. The rates market was showing a 46% chance of a rate increase next month, up from 35% on Thursday, according to CME data.
U.S. stocks rose on Friday, while the U.S. dollar index rose 0.4% to 99.55, again reflecting expectations that rates will rise. The rates market was showing a 46% chance of a rate increase next month, up from 35% on Thursday, according to CME data.
08:10:00 PM IST, 28 Aug 2026
Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: PayPal shares sink after Advent-Stripe consortium abandons buyout bid
PayPal shares fell 13% after a consortium led by Advent International and Stripe abandoned plans to acquire the fintech company. The group had offered $60.50 per share, valuing PayPal at about $53 billion, but the company’s board had previously considered the offer inadequate. Analysts cited a valuation gap and regulatory hurdles as key factors behind the collapse of the deal. PayPal continues to face competition from Apple and Google and is trading at a discount to industry peers as it pursues a turnaround under CEO Enrique Lores.
07:59:56 PM IST, 28 Aug 2026
Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: Warsh signals Fed may need to act if inflation remains above target
Federal Reserve Chair Kevin Warsh said the central bank will have “work to do” if underlying inflation does not move clearly and quickly toward its 2% target. He noted limited progress in reducing inflation, with the PCE measure at 3.7% in July, and said financial conditions showed few signs of policy restraint. His remarks pushed traders to price roughly even odds of a September rate hike, up from about 40% earlier on Friday. The 2-year Treasury yield also rose to a one-month high.
07:55:00 PM IST, 28 Aug 2026
Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: Dollar index trims gains after Warsh’s Jackson Hole comments
The U.S. dollar index pared gains slightly after Federal Reserve Chair Kevin Warsh’s comments at Jackson Hole, last up 0.06% at 99.16.
07:52:20 PM IST, 28 Aug 2026
Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: US Fed chairman Kevin Warsh says inflation is elevated and 'concerning' at Jackson Hole
US Federal Reserve Chairman Kevin Warsh said on Friday that high inflation in the world's largest economy was "concerning," as he opened a key central bankers' meeting in Jackson Hole, Wyoming. Read more
07:50:17 PM IST, 28 Aug 2026
Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates |Fed's Warsh: Must be confident underlying inflation is moving to objective, or 'we have work to do'
07:50:00 PM IST, 28 Aug 2026
Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: Fed’s Warsh flags elevated inflation, signals rates may need to rise
Federal Reserve Chair Kevin Warsh said inflation remains elevated and “concerning” as he opened the Jackson Hole central bankers’ meeting. He said the Fed’s focus should remain on prices and indicated financial conditions may not be restrictive enough, raising the possibility of future rate hikes. Warsh said the US economy has strengthened, with unemployment at 4.1% and business investment, earnings and consumer spending showing resilience. He also highlighted AI’s growing impact on productivity and jobs.
07:48:50 PM IST, 28 Aug 2026
Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: Fed Chair Warsh signals rate hikes may be needed as inflation stays high
07:45:52 PM IST, 28 Aug 2026
Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: Traders raise September Fed rate hike bets after Warsh speech
Traders increased bets on a September Federal Reserve rate hike after Chair Kevin Warsh said recent inflation data did not indicate a change in trend. Warsh stressed that the Fed needs confidence inflation is moving clearly and quickly enough toward its 2% target, suggesting further policy action may be needed if price pressures remain elevated.
07:45:00 PM IST, 28 Aug 2026
Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: Bitcoin fell 1.1% to $79,225.87
07:43:40 PM IST, 28 Aug 2026
Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates | Warsh: 'Hard-pressed' to describe financial conditions as restrictive
07:41:42 PM IST, 28 Aug 2026
Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates | Warsh: Wage growth moderate, but not a reliable indicator of future inflation
07:41:02 PM IST, 28 Aug 2026
Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates |Warsh: Consumer spending healthy, labor markets stable
07:40:19 PM IST, 28 Aug 2026
Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates | Warsh: Fed's 2% PCE target is firm and fixed; it is Fed’s job to deliver stable prices
07:32:48 PM IST, 28 Aug 2026
Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: US stocks edge higher ahead of Warsh speech
Wall Street stocks edged higher early Friday ahead of an anticipated speech by Federal Reserve Chair Kevin Warsh amid investor hopes for insights into upcoming monetary policy decisions.
07:30:00 PM IST, 28 Aug 2026
Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: Top S&P Losers at Open
07:22:36 PM IST, 28 Aug 2026
Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: Top S&P Gainers at Open
07:12:03 PM IST, 28 Aug 2026
Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: US stocks open subdued ahead of Warsh's speech
Wall Street's main indexes opened muted open on Friday, as an AI-fueled rally fizzled out ahead of Federal Reserve Chair Kevin Warsh's much-anticipated Jackson Hole appearance. Read more
05:41:39 PM IST, 28 Aug 2026
Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: Gap surges as Wall Street remains on track for weekly gains
Gap shares jumped 14.2% after the retailer appointed Michael Francis as Old Navy’s new CEO and raised its annual profit forecast. Investors will also assess the final University of Michigan consumer sentiment reading for August and a speech from Chicago Fed President Austan Goolsbee. Despite cautious futures, Wall Street’s main indexes remained on track for weekly gains after last week’s bond-driven selloff. Markets are now weighing whether improving sentiment can withstand renewed pressure from inflation and interest-rate concerns.
05:41:23 PM IST, 28 Aug 2026
Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: Marvell tumbles while PayPal slides on deal news
Marvell Technology fell 6.9% as investors questioned the timing of revenue from its AI chip agreement with Alphabet’s Google, despite an increased 2027 revenue forecast. PayPal dropped 15.4% after Bloomberg News reported that a consortium involving Advent and Stripe had abandoned its pursuit of the payments company. The moves added to a mixed premarket session for individual stocks, with investors balancing company-specific developments against broader concerns about rates and inflation.
05:41:08 PM IST, 28 Aug 2026
Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: Chip stocks retreat after Nvidia-fuelled rally
Chipmakers pulled back in premarket trading after Nvidia’s strong forecast had fuelled gains in the previous session. Nvidia fell 0.5%, while Micron Technology and Intel declined 1.8% each. Investors are seeking fresh catalysts for the semiconductor sector as markets assess the potential revenue benefits from data-centre investment and question what could drive the next leg of the AI-led rally. The retreat suggests investors are becoming more selective despite strong demand expectations around artificial intelligence.
05:40:50 PM IST, 28 Aug 2026
Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: Markets focus on inflation and September rate outlook
Warsh’s speech is attracting particular attention as investors assess whether the Fed could tighten policy if inflation fails to ease. Three Fed officials issued inflation warnings on Thursday, with at least two returning to a rate-hike stance. Money markets were pricing a 35.9% probability of a September rate hike, according to CME’s FedWatch tool. Investors are therefore watching the central bank’s messaging closely as they weigh inflation risks against the need to preserve policy flexibility.
05:40:14 PM IST, 28 Aug 2026
Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: US stock futures edge lower ahead of Warsh speech
Nasdaq 100 futures slipped on Friday as the AI-driven rally showed signs of cooling ahead of Federal Reserve Chair Kevin Warsh’s appearance at Jackson Hole. Dow futures were up 0.03%, while S&P 500 and Nasdaq 100 futures declined 0.05% and 0.30%, respectively. Investors are looking for clues on the Fed’s policy path after mixed inflation data and renewed warnings from central bank officials. The speech is expected to shape market expectations for the September meeting.