[U.S. Market News] S&P falls under the lead of tech stocks, government bonds also decline - Dollar in the mid-144 yen range

August 27, 2024 5:48 JST (excerpt)
Nasdaq 100 fell 1%, Dow hits new high - attention on Nvidia earnings
Crude oil rose significantly, citing escalating Middle East tensions and the shutdown of Libya's oil production as material.
In the US stock market on the 26th, the S&P 500 stock index fell led by large technology companies. The market is paying attention to Nvidia's earnings announcement to be released in a few days.

Bloomberg's indicators related to the 'Magnificent Seven' fell 1.2%. On the other hand, the S&P 500 equal weight index, which is an equal-weighted version of the S&P 500, is near its record high. Expectations of the bullish market spreading to other stocks from large technology companies were supported by Fed Chairman Powell's suggestion last week that he intends to cut interest rates in the near future. Meanwhile, the Dow Jones Industrial Average reached a new record high at the closing price.