{
  "id": 3997811,
  "title": "Stock market today: Dow, S&P 500, Nasdaq moderate as markets digest Warsh's Jackson Hole speech",
  "url": "https://urgent.news/2026/08/28/stock-market-today-dow-s-p-500-nasdaq-moderate-as-markets-digest",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-28T08:15:14.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/markets/live/stock-market-today-friday-august-28-dow-sp-500-nasdaq-dip-fed-warsh-jackson-hole-speech-081514091.html"
  },
  "original_language": "en",
  "account": "On Friday, US stocks experienced a moderate decline as investors processed Federal Reserve Chair Kevin Warsh's keynote address at the annual Jackson Hole Symposium. Fed Chair Warsh's comments were interpreted as mildly hawkish in the near term, with the Dow Jones Industrial Average ending roughly flat, the S&P 500 slipping nearly 0.3%, and the Nasdaq Composite falling 0.5%. Despite the downward movement, all three major indexes closed the week with gains. The odds of a 25 basis point rate hike in September rose to 57%, up from 35% the day before.\n\nWarsh's speech painted a robust picture of the US economy, highlighting strengthened growth and a stable labor market at full employment. However, he emphasized that inflation remains too high and that price stability would be the Fed's predominant focus. Former Fed vice chairman Alan Blinder, who observed Warsh's speech, suggested that it could be considered as forward guidance, although Warsh did not use that term.\n\nIn the equities market, investors focused on Nvidia's (NVDA) impressive earnings report and growth projections, while shares in Marvell Technology (MRVL) declined due to its own second-quarter figures. PayPal (PYPL) suffered significant losses after payment processor Stripe and private equity firm Advent dropped out of a proposed $50 billion takeover. Additionally, upward revisions in the University of Michigan's consumer sentiment readings provided a mild positive note for the economy.\n\nThe bond market witnessed a surge in the 10-year Treasury yield, increasing by 4 basis points to 4.72% following Warsh's speech, while the 30-year yield rose by 2 basis points to 5.21%.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Zentek shares to move from Nasdaq to OTC Markets on Tuesday",
        "url": "https://urgent.news/2026/08/28/zentek-shares-to-move-from-nasdaq-to-otc-markets-on-tuesday",
        "published": "2026-08-28T21:24:28.000Z"
      },
      {
        "outlet": "Techmeme",
        "title": "Shares of French quantum computing company Pasqal closed up 95% in their Nasdaq debut on Friday following a merger with a SPAC (Emily Forgash/Bloomberg)",
        "url": "https://urgent.news/2026/08/28/shares-of-french-quantum-computing-company-pasqal-closed-up-95-in",
        "published": "2026-08-28T23:15:01.000Z"
      }
    ]
  },
  "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."
}