Stock Market Recap — Aug 26, 2026
Nvidia surges after fiscal 2028 growth forecast tops estimates
Sticky US inflation and stronger activity data shifted policy expectations in a hawkish direction, while disputed Hormuz headlines pressured crude. Company-specific catalysts drove dispersion before Nvidia's after-hours outlook revived AI risk appetite and lifted global equity futures. • Nvidia/AI: Nvidia reversed a roughly 2% regular-session decline and rose more than 4% after hours after forecasting about 70% fiscal 2028 revenue growth, versus 45% consensus. AWS plans to deploy 2 million additional Nvidia GPUs, while Anthropic reportedly committed $45 billion for Nvidia-based capacity. • US/Global Rates: July PCE inflation held at 3.7%, above consensus, and durable-goods orders doubled expectations, pushing September Fed-hike odds to about 40%. The ECB, Bank of Korea and BOJ also delivered or reinforced hawkish signals. • Energy: Brent fell about 2% as Iran's claimed Hormuz revenue-sharing deal lacked confirmation. Separately, record-low seasonal US distillate inventories supported refining margins. • Meta/Litigation: Meta rose about 1% after agreeing to a multistate child-safety settlement reported at up to $18 billion, reducing a major legal overhang. • Medtech/Cyber: Boston Scientific fell 4.5% after a cyberattack disrupted global order processing and shipping without a restoration timetable.
Intraday Updates
- 03:36 ET: SoftBank weighs $20 billion bond sale as Schnabel calls for more ECB hikes (62 stories)
- 08:34 ET: PCE inflation holds at 3.7% as Iran claims Hormuz revenue-sharing deal (97 stories)
- 13:28 ET: Meta settles teen-harm case as Anthropic reportedly signs $45 billion compute deal (88 stories)
- 17:27 ET: Nvidia reverses higher after fiscal 2028 growth forecast tops expectations (100 stories)
- 22:14 ET: Bank of Korea hikes again as BOJ keeps September move in play (86 stories)