US Markets Highlights — Aug 8, 2026 | Aivina
August 8, 2026
US equity markets experienced mixed performance, with the S&P 500 hitting new highs, primarily fueled by the technology sector, before consolidating. The NASDAQ Composite also saw gains, boosted by AI enthusiasm, but faced some profit-taking. Macro conditions show inflation remains elevated, prompting Fed officials to reiterate a cautious, data-dependent stance on interest rate cuts, with fewer reductions expected in 2024.
Highlights
- S&P 500 touched record highs; driven by technology strength; subsequently saw slight consolidation.
- NASDAQ Composite maintained upward momentum; buoyed by AI sector; experienced some profit-taking.
- Fed officials emphasized data dependency; signaled cautious rate outlook; influenced by sticky inflation.
Macro Overview
Inflation
May CPI showed inflation remains elevated, slightly above target, contributing to sticky price concerns.
Interest Rate Outlook
Fed officials signal fewer 2024 rate cuts, maintaining a data-dependent, cautious stance.
Risk Sentiment
neutral
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