{
  "id": 3594126,
  "title": "Stocks mixed as oil drops, US inflation stays high",
  "url": "https://urgent.news/2026/08/26/stocks-mixed-as-oil-drops-us-inflation-stays-high",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-26T21:08:49.000Z",
  "source": {
    "name": "RTHK News - Finance",
    "slug": "rthk-news-finance",
    "url": "https://news.rthk.hk/rthk/en/component/k2/1867693-20260827.htm"
  },
  "original_language": "en",
  "account": "US inflation remained high in July while staying steady, according to the latest data released on Wednesday, causing US stocks to finish lower. The S&P 500 and Dow both slipped, with the S&P 500 edging slightly below the Dow's loss of 0.2 percent. The July personal consumption expenditures price index rose 3.7 percent compared to a year ago, maintaining the annual increase from June. Heather Long, chief economist at Navy Federal Credit Union, stated that while the data shows the Federal Reserve can wait and see, the inflation problem remains unresolved. European markets, however, closed higher despite energy heavyweight BP and Shell falling, thanks to lower energy prices. Analysts noted that markets in Paris and Frankfurt lagged as oil prices regained some losses in the latter part of the trading day. Lower energy prices have proven beneficial for European markets, with Fawad Razaqzada, market analyst at FOREX.com, highlighting the economy's resilience. The resilience of the European economy has been more impressive than many had anticipated. The upcoming annual Jackson Hole symposium of central bankers and economic policy makers on Thursday is expected to provide insights into US interest rate policy. Despite the high inflation, investors will closely monitor Federal Reserve Chair Kevin Warsh's speech on Friday to understand the path the policymakers intend to take in addressing the issue. Nvidia, an AI chip giant, had its shares fall by 1.6 percent after releasing its after-hours earnings report, which is often seen as a key indicator of the AI boom's health. In contrast, Meta's shares rose by 1.1 percent following its settlement with a coalition of US states, potentially paying up to US$16.7 billion and implementing changes to address concerns about young people's use of its social media platforms. The S&P 500 ended the day at 7,675, while the Dow slipped to 53,463, and the Nasdaq fell slightly to 26,130.",
  "summary": "Wall Street stocks finished lower on Wednesday after US inflation came in steady but elevated as markets traded cautiously ahead of earnings from Nvidia and a widely anticipated Federal Reserve speech. The S&P 500 finished a hair lower and the Dow slipped 0.2 percent following a report showing that the personal consumption expenditures price index rose 3.7 percent in July from a year ago, the…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Channel News Asia",
        "title": "Stocks mixed as oil drops, US inflation stays high",
        "url": "https://urgent.news/2026/08/26/stocks-mixed-as-oil-drops-us-inflation-stays-high-3594589",
        "published": "2026-08-26T21:10:47.000Z"
      }
    ]
  },
  "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."
}