{
  "id": 3375306,
  "title": "Rout in Chipmakers Weighs on Broader Market",
  "url": "https://urgent.news/2026/08/24/rout-in-chipmakers-weighs-on-broader-market",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-24T15:11:43.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/markets/stocks/articles/rout-chipmakers-weighs-broader-market-151143186.html"
  },
  "original_language": "en",
  "account": "Today's market witnessed a mixed performance as chipmakers and AI-infrastructure stocks underperformed, contributing to broader market weakness. The S&P 500 Index ($SPX) and Nasdaq 100 Index ($IUXX) both declined, with the Nasdaq 100 falling to a 3-week low. The Dow Jones Industrial Average ($DOWI) showed a slight gain of +0.26%. E-mini S&P futures (ESU26) and September E-mini Nasdaq futures (NQU26) were both down significantly. The collapse of trade talks between Canada and the US, leading to a 50% tariff on about $20 billion of Canadian goods, weighed on market sentiment. Canada retaliated with tariffs on US goods, set to take effect on September 8. Nvidia's earnings report, along with other key economic events like the Jackson Hole gathering, are anticipated to influence market sentiment this week. US Treasury Secretary Bessent detailed plans to isolate Iran's economy, sparking Iran's response that oil exports would cease. The S&P 500's earnings growth outlook for Q2 is positive at 32%, while AI infrastructure stocks are expected to contribute nearly 60% of this growth. Despite a 40% chance of a +25 basis point rate hike at the upcoming FOMC meeting, crude oil prices have declined more than -2%, reducing inflation expectations and bond yields. T-note yields are down -3.6 basis points to 4.698%. European government bond yields are also decreasing, with the 10-year German bund yield down -0.3 basis points to 3.255%. Overall, the market's focus remains on the economic impact of geopolitical tensions and the earnings performance of chipmakers and AI-related companies.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}