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Wall Street Ends Flat as Investors Await Nvidia Earnings Results
Electronic Technology · Semiconductors · yonhap_finance · 2026-08-26
U.S. stocks closed slightly lower as investors remained cautious ahead of Nvidia's earnings, while higher-than-expected PCE inflation data fueled policy uncertainty.
What Happened
Market Sentiment: Wall Street finished in a narrow range as investors adopted a wait-and-see approach ahead of Nvidia's highly anticipated earnings report. All major indices, including the Dow, S&P 500, and Nasdaq, saw modest declines as market participants exercised caution.
Nvidia Performance: After the closing bell, Nvidia reported second-quarter revenue of $96.22 billion, beating market expectations of $92.17 billion and marking 13 consecutive quarters of record revenue. The strong results underscored sustained demand for AI chips, serving as a critical test for the ongoing AI investment boom.
Economic Data: The U.S. Personal Consumption Expenditures (PCE) price index for July rose 3.7% year-over-year, slightly exceeding the 3.6% forecast. While the core PCE matched expectations, the slightly higher headline figure kept uncertainty regarding the Federal Reserve's future monetary policy path in focus.
Market Drivers: U.S. Treasury yields ticked higher as investors turned their attention to upcoming central bank commentary. Conversely, oil prices declined for the third consecutive session following progress in negotiations regarding the Strait of Hormuz, providing a minor relief factor for the broader market.