US Markets Highlights — Aug 24, 2026 | Aivina
August 24, 2026
US equity markets experienced mixed movements, with the S&P 500 and NASDAQ generally advancing, supported by technology sector strength and in-line PCE inflation data. However, a contraction in ISM Manufacturing and persistent caution from Federal Reserve officials regarding future rate cuts tempered overall market sentiment. Inflation remains above target, contributing to uncertainty around monetary policy and resulting in a neutral risk outlook.
Highlights
- S&P 500 saw gains; tech sector led rally; PCE data offered relief.
- NASDAQ posted strong advances; AI optimism boosted stocks; chipmakers drove performance.
- ISM Manufacturing contracted; labor market showed cooling; Fed officials remained cautious.
Macro Overview
Inflation
April PCE data showed inflation moderating slightly, with core PCE at 2.8% year-over-year, still above the Fed's 2% target.
Interest Rate Outlook
Fed officials maintain a data-dependent, cautious stance; market expectations for a September rate cut have diminished.
Risk Sentiment
neutral
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