{
  "type": "article",
  "title": "US Stocks Record Weekly Gains Led by Nasdaq 1.3% Surge Despite Semiconductor Selloff and Hawkish Fed Tone",
  "summary": "US markets ended the week of August 24–29 on a positive note, with the Nasdaq Composite outperforming peers with a 1.3% gain. Nvidia earnings, Kevin Warsh's Jackson Hole speech, and Middle East developments guided market sentiment.",
  "content": "The US stock market concluded the trading week of August 24th to August 29th on a positive note, with technology shares pushing benchmark indices higher despite late-week volatility. Although semiconductor stocks faced significant selling pressure on Friday and Federal Reserve policy signals leaned hawkish, all three major Wall Street benchmarks managed to post solid weekly gains. The tech-heavy Nasdaq Composite Index outperformed its peers, leading the market upward. Trading dynamics throughout the week were primarily driven by Nvidia's Q2 earnings report, Federal Reserve Chair Kevin Warsh's speech at the Jackson Hole summit, and escalating geopolitical developments in the Middle East.\n\nFriday Market Session and Benchmark Index Movements\nWall Street experienced volatile trading during Friday's session as investors processed hawkish central bank commentary and profit-taking in chipmakers. The Dow Jones Industrial Average (DJIA) ended marginally lower, closing at 53,559.99 points. The S&P 500 index also closed in the red, dipping by 19.23 points to settle at 7,711.76. Meanwhile, the Nasdaq Composite index slid 138.93 points, or 0.52%, to end the week at 26,402.42. Market analysts noted that semiconductor shares trimmed their previous gains, putting downward pressure on the broad market as expectations for a potential rate hike next month gained traction.\n\nWeekly Benchmark Performance Highlights\nDespite Friday's modest pullback, all three major US stock market indices logged positive overall returns for the August 24–29 trading period. The Dow Jones Industrial Average added roughly 298.04 points over the course of the week, translating to a 0.6% gain. The S&P 500 index climbed 48.38 points, securing a 0.63% weekly advance. Leading the market, the Nasdaq Composite index outperformed both benchmarks by adding 337.10 points, which represents a 1.3% weekly surge. Strong buying interest in mega-cap technology companies provided the primary catalyst for the Nasdaq's outperformance.\n\nSemiconductor Sector Under Pressure Despite Strong Earnings\nStock-specific price action in the semiconductor space revealed notable divergence between corporate financial results and market reactions. Marvell saw its share price crash by over 10% despite posting upbeat quarterly earnings and raising its future financial guidance. Similarly, artificial intelligence chip giant Nvidia dropped 5% even after delivering Q2 earnings that comfortably exceeded Wall Street estimates. Among other major chipmakers, AMD declined by more than 2%, while Broadcom slipped nearly 1%. Analysts cited elevated valuations and short-term profit-taking as key drivers behind the tech selloff.\n\nMega-Cap Technology Giants Anchor Market Stability\nIn contrast to chip manufacturers, the remaining members of the Magnificent 7 technology group demonstrated strong momentum, preventing deeper declines across benchmark indices. Meta registered a dramatic surge of over 15%, acting as a key stabilizer for market sentiment. E-commerce giant Amazon zoomed 4%, software leader Microsoft rose nearly 2%, and Google parent Alphabet added around 1.5%. This broad-based strength across mega-cap tech successfully cushioned the indices against semiconductor losses and ensured a positive weekly finish.\n\nKevin Warsh Delivers Hawkish Jackson Hole Address\nFederal Reserve Chair Kevin Warsh delivered a heavily watched speech at the Jackson Hole economic symposium, adopting a hawkish tone that elevated expectations for near-term monetary tightening. Emphasizing the relationship between markets and monetary policy, Warsh noted, \"To get policy right, we also need to get the relationship right between financial markets and the central bank. The Fed needs clear market signals, as unfiltered as possible... from market internals... the level and change in asset prices across sectors... the prices and trading volumes of Treasury securities... the foreign exchange value of the dollar... the cost and availability of credit... and the price of a broad set of commodities.\"\n\nWarsh further highlighted inflationary concerns, stating that indicators across business cycles must guide the Fed's evaluation of financial conditions and economic uncertainty. He observed that \"on the price-stability side of our mandate, the numbers are more concerning,\" adding that \"the recent rise in overall commodity prices also bears watching. What we need to judge is whether trends indicate upside inflation risks.\" Addressing equity market dynamics, Warsh pointed out that S&P 500 corporate profits grew by more than 20 percent over the past year, with profit margins remaining historically elevated despite low overall equity market volatility.\n\nGeopolitical Escalation and Treasury Sanctions\nGeopolitical factors also influenced market sentiment during the week. According to commentary from Nathan Peterson, Director of Derivatives Research at Charles Schwab, international headlines centered on new economic sanctions against Iran. The US Department of the Treasury initiated an aggressive campaign titled \"Operation Economic Outcast\" aimed at restricting financial channels supporting the Iranian regime. The stated objective of the initiative is to sever economic lifelines to ensure Tehran faces increasing isolation, a move that added a layer of geopolitical caution across global financial markets.\n\nRobust Q2 Earnings Season Nears Completion\nData provided by Charles Schwab indicates that the Q2 corporate earnings season is virtually complete, with 485 out of the S&P 500 companies having reported their quarterly results. Of these 485 firms, 69% beat consensus revenue estimates (top line), while an impressive 88% surpassed earnings estimates (bottom line). Aggregate earnings per share (EPS) growth is currently tracking at 52%, alongside a 14.99% increase in total revenue. Even when excluding one-time investment gains realized by mega-cap tech firms, S&P 500 EPS growth remains exceptionally strong at 26% to 29%, reflecting resilient corporate fundamentals despite broader macroeconomic headwinds.\n\nWhat this means for you\nThe developments in US equity markets and potential Federal Reserve policy shifts carry direct implications for global markets and retail portfolios.\n\n• For Global & Indian Markets: Hawkish rate hike signals from the Fed could drive capital outflows from emerging markets back into US Treasuries, pressuring global equity indices.\n• For IT Sector Investors: Gains in mega-cap technology firms like Meta, Amazon, and Microsoft offer positive sentiment spillovers for international tech holdings and IT funds.\n• For Tech ETF Holders: Profit-taking in semiconductor stocks like Nvidia and Marvell may cause short-term net asset value (NAV) dips in tech-focused mutual funds and ETFs.\n• For Currency & Commodities: Strengthened expectations of higher US interest rates typically bolster the US dollar, placing downward pressure on foreign currencies and influencing commodity prices.\n\nQuestions & Answers\n\n1. How did US stock indices perform during the week of August 24–29?\nAll three major indices posted weekly gains. The Nasdaq Composite led with a 1.3% advance, while the Dow Jones and S&P 500 both gained over 0.6%.\n\n2. Why did Nvidia stock fall despite reporting strong Q2 results?\nNvidia dropped 5% despite beating Q2 estimates due to profit-taking across the semiconductor sector and high market valuations following prior rallies.\n\n3. What key takeaway came from Kevin Warsh's Jackson Hole speech?\nKevin Warsh delivered a hawkish message highlighting upside inflation risks and commodity price trends, elevating expectations for a potential rate hike.\n\n4. How did S&P 500 companies perform in the Q2 earnings season overall?\nOut of 485 reporting S&P 500 firms, 69% beat top-line revenue estimates and 88% surpassed bottom-line earnings expectations.",
  "url": "https://trendkia.com/en/money/hawkish-fed-rukha-aura-chipa-sheyaron-men-giravata-ke-bavajuda-us-sheyara-bajara-barhata-para-bnda-nasdaq-raha-sabase-age-24099",
  "category": "Money",
  "publishedAt": "2026-08-29",
  "tags": [
    "US Stock Market",
    "Nasdaq",
    "Dow Jones",
    "S&P 500",
    "Nvidia",
    "Kevin Warsh",
    "Federal Reserve",
    "Wall Street"
  ],
  "language": "en",
  "site": "TrendKia"
}