{
  "id": 3594589,
  "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",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-26T21:10:47.000Z",
  "source": {
    "name": "Channel News Asia",
    "slug": "channel-news-asia",
    "url": "https://www.channelnewsasia.com/world/stocks-mixed-oil-drops-us-inflation-stays-high-6343636"
  },
  "original_language": "en",
  "account": "Wall Street stocks experienced a mixed finish on Wednesday (Aug 26) as US inflation remained high. The S&P 500 closed slightly lower, while the Dow Jones Industrial Average fell by 0.2 percent. This downturn followed the release of data indicating that the personal consumption expenditures price index increased by 3.7 percent in July compared to a year earlier, maintaining the same annual rise as June. However, the July PCE inflation figure, although steady, was still near three-year highs.\n\nHeather Long, chief economist at Navy Federal Credit Union, noted that despite the stable inflation data, the Federal Reserve still has time to assess the situation. Long stated, \"The data still gives the Federal Reserve time to wait and see; it's not getting worse, but it didn't get any better in July either.\"\n\nMarkets in Paris and Frankfurt closed higher, despite being well below their session highs. Energy heavyweights BP and Shell declined in London due to lower energy prices, which have provided a supportive environment for European markets. Fawad Razaqzada, market analyst at FOREX.com, commented, \"Lower energy prices are providing a supportive environment for European markets.\"\n\nThe resilience of the European economy has been more impressive than anticipated. Both leading crude oil contracts experienced a decline this week as Iran and Oman approached a tentative agreement to establish a temporary shipping corridor in the Strait of Hormuz. However, analysts have highlighted that the specifics remain uncertain, such as potential fees for accessing the waterway.\n\nThursday marks the commencement of the annual Jackson Hole symposium, where central bankers and economic policymakers convene. This gathering could offer insights into the US interest rate policy. Current inflation levels are deemed excessively high, and investors are keenly observing whether Federal Reserve Chair Kevin Warsh will address in his Friday Jackson Hole speech how policymakers intend to adjust interest rates to align with the Federal Reserve's long-term objectives, according to eToro analyst Bret Kenwell.\n\nInvestors are also eagerly anticipating Nvidia's after-hours earnings report, which has become a key indicator of the AI boom. The AI sector has propelled markets to record highs over the past two years, and Nvidia's earnings are expected to shed light on the health of this burgeoning industry. Axel Rudolph, market analyst at IG, remarked, \"The figures may appear solid upon release, but the stock may still decline if the third-quarter guidance falls short of current estimates.\"\n\nNvidia shares dropped 1.6 percent, while Meta's stock rose by 1.1 percent following a settlement agreement to compensate US states up to US$16.7 billion and to implement changes regarding youth usage of its social media platforms.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "RTHK News - Finance",
        "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",
        "published": "2026-08-26T21:08:49.000Z"
      }
    ]
  },
  "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."
}