{
  "id": 503516,
  "title": "US Stocks: Nasdaq ends down as expectations of Hormuz deal fade",
  "url": "https://urgent.news/2026/08/10/us-stocks-nasdaq-ends-down-as-expectations-of-hormuz-deal-fade",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-10T20:08:58.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/markets/us-stocks/news/us-stocks-nasdaq-ends-down-as-expectations-of-hormuz-deal-fade/articleshow/133135481.cms"
  },
  "original_language": "en",
  "account": "The Nasdaq ended down on Monday as doubts grew about a potential deal to reopen the Strait of Hormuz, according to wire material. Intel and other chipmakers saw declines, contributing to the market's pessimism. U.S. President Donald Trump had called for Iran to pay compensation for the damage it caused during recent conflicts, raising concerns among investors. Iran, in turn, demanded that Washington take certain conditions into account, including compensating Tehran for the harm caused since the U.S. and Israel launched attacks on its territory over five months ago. With investors less confident in resolving the Middle East crisis, crude oil prices surged by around 5%, settling at $82.13 a barrel. Reopening the Strait could help alleviate concerns over energy prices, which have fueled inflation worries and led to worries of central banks raising interest rates. Intel's shares dropped after the company announced plans to raise $15 billion through a stock sale. The S&P 500 reached a record high on Friday, driven by stronger-than-expected earnings results. However, the Iran conflict dampened risk sentiment, leading to a loss of 4.74 points, or 0.06%, for the S&P 500, ending at 7,753.13 points. The Nasdaq Composite fell 84.89 points, or 0.32%, to 26,605.73, while the Dow Jones Industrial Average dropped 71.77 points, or 0.13%, to 53,965.16. Upcoming reports, including earnings from semiconductor company Applied Materials and networking equipment maker Cisco, may provide insights into the Federal Reserve's monetary policy path. Currently, there is a 52% chance of a Federal Reserve interest-rate hike in September, according to the CME FedWatch tool.",
  "summary": "The Nasdaq closed lower as investors worried about the Strait of Hormuz. U.S. crude oil prices jumped significantly amid the ongoing Middle East crisis. Intel shares fell after the company announced plans for a large share sale. Traders are now less confident about a Federal Reserve interest rate hike. Strong corporate earnings results previously boosted the S&P 500 to a record high.",
  "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."
}