Bearish
Nasdaq 100 falls 0.5% as Fed Chair Warsh signals potential rate hikes.
The Nasdaq 100 declined by 0.5% on August 28, 2026, following Federal Reserve Chair Kevin Warsh's Jackson Hole speech, which heightened expectations of imminent interest rate hikes to combat persistent inflation. This development overshadowed positive earnings reports from major tech companies, leading to a mixed market response.
Key points
- Federal Reserve Chair Kevin Warsh's Jackson Hole speech increased the likelihood of a September rate hike to 57%, contributing to a 0.5% decline in the Nasdaq 100.
- Nvidia reported record-breaking fiscal 2027 Q2 earnings, with revenue soaring 106% year-over-year to $96.2 billion, reflecting strong demand for AI-related infrastructure.
- Amazon's stock rose by 3.97%, while Robinhood's declined by 5.01%, indicating mixed performance among major tech stocks.
Sources
AI-generated from public news sources. Not financial advice.
