Dow Slips While the S&P 500 Clings to Friday's Record High

2 weeks ago 13

Anders Bylund, The Motley Fool

Mon, August 10, 2026 astatine 12:06 PM CDT 4 min read

After 2 weeks of ample moves successful some directions, the marketplace showed up Monday and did astir nothing. That's a alteration of pace.

The stock scale illustration beneath looks squiggly, but each the moves are small. The S&P 500 (SNPINDEX: ^GSPC) is up 0.05% arsenic of noon ET, holding conscionable supra the grounds it acceptable connected Friday. The Dow Jones Industrial Average (DJINDICES: ^DJI) is disconnected by 0.13% and the Nasdaq Composite (NASDAQINDEX: ^IXIC) scale is down 0.19%. All 3 roseate retired of the gate, topped retired earlier 11 a.m. ET, and slid close backmost to breakeven -- each without moving much than 0.4% distant from 0% successful immoderate direction.

Missed Nvidia successful 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" awesome flashed for a little-known chipmaker called Nvidia. For the archetypal clip successful years, that aforesaid "Total Conviction" awesome is flashing for a institution 1/100th the size of Nvidia. Continue »

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A stalled dialog is capping today's marketplace

Blame the lipid marketplace first. The United States Oil Fund (NYSEMKT: USO) changeable up 5.3% arsenic Brent crude lipid climbed past $86 per barrel, wiping retired astir of past week's slide. The crushed is sadly familiar. Progress toward reopening the Strait of Hormuz reportedly stalled implicit the play aft Iran raised caller demands and Houthi forces deed a Red Sea port. Crude has present gone from $113 successful the outpouring to adjacent $80 past week to $86 today. The geopolitical hazard premium is back, and it arrives 2 days earlier Wednesday's Consumer Price Index (CPI) report.

The Magnificent 7 is pulling successful 2 directions. Cloud and bundle giants took the lead. Microsoft (NASDAQ: MSFT) roseate 2.1%, bully for astir 62 Dow points and the biggest affirmative publication to the S&P 500. Amazon (NASDAQ: AMZN) added 2% and Meta Platforms (NASDAQ: META) tacked connected 1.3%.

The different fractional had a rougher time. Nvidia (NASDAQ: NVDA) fell 2% and gave up astir $104 cardinal successful marketplace value. Reports suggest that Nvidia mightiness chopped backmost connected high-bandwidth representation chips successful a coming AI accelerator plan to support margins. Those representation chips are pricey, you know. Apple (NASDAQ: AAPL) matched Nvidia's 2% decline, worthy astir $88 billion, based connected constituent outgo concerns. Between them, those 2 names subtracted astir 0.4 percent points from the Nasdaq Composite.

Chips are mostly lower, with SK Hynix (NASDAQ: SKHY) disconnected 0.9% and the iShares Semiconductor ETF (NASDAQ: SOXX) falling 1%. The unusual 1 retired is Micron Technology (NASDAQ: MU), level astatine 0.1% contempt the Nvidia representation header pointing consecutive astatine its business. Wall Street isn't buying that peculiar carnivore thesis today.

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