Wall Street rebounds on August 25 driven by semiconductors, with Pce and Nvidia earnings on the horizon

U.S. stock markets closed higher on Tuesday, August 25, 2026, recovering what was lost in the previous session. The S&P 500 gained 0.32% closing at 7,677.28 points; the Nasdaq Composite rose 0.66% to 26,151.30 points; the Dow Jones Industrial Average gained 160.24 points, or about 0.3%.

The chip movement

The driver of the day was the recovery of semiconductor stocks, the same sector that had weighed in the opposite direction twenty-four hours earlier. On August 24 the S&P 500 had closed down 0.28% at 7,652.86 points and the Nasdaq had fallen 0.76%, with sell-offs in Micron, AMD and Broadcom.

Index	August 24	August 25
S&P 500	−0.28% (7,652.86)	+0.32% (7,677.28)
Nasdaq Composite	−0.76%	+0.66% (26,151.30)
Dow Jones Industrial	not indicated	+160.24 points (about +0.3%)

Two consecutive sessions of opposite sign driven by the same sector describe a market that does not yet have a stable view, and that is moving while awaiting two specific events.

The two events

The first is the Pce price index, the inflation measure preferred by the Federal Reserve. It is the figure that, more than consumer price indices, feeds directly into the monetary policy committee’s assessments.

The second is Nvidia’s quarterly results. This is not merely a single company’s quarterly report: the concentration of semiconductor makers’ weight in U.S. indices means that this earnings report functions as an indicator for the entire artificial intelligence-related sector, and it is the most immediate explanation for the swing in chip stocks over the two sessions.

The bond signal

U.S. Treasury yields fell for the second consecutive session. A decline in yields means rising bond prices, and it must be kept distinct from the equity movement even when the two occur together: a drop in yields on the eve of an inflation reading may reflect expectations of cooling prices or demand for defensive assets. Available sources record the movement without attributing a cause to it, and this newspaper adds none.

The individual case

Outside the technology sector, shares of Dick’s Sporting Goods plunged after a quarterly report that missed expectations, accompanied by a cut to annual profit estimates. This is a company-specific data point, not a macroeconomic one: in the U.S. retail supply chain, a cut to profit guidance carries more weight than the single quarter, because it concerns the months still to come.

What we don’t know

Available sources do not report the Dow Jones closing value, nor the extent of the change in Treasury yields, nor the figures of the revised annual estimates from Dick’s Sporting Goods. The percentage gains of individual semiconductor stocks in the August 25 session are not reported.

This newspaper does not issue investment recommendations and does not report those of third parties: the two dates remaining on the calendar that will produce verifiable data are the release of the Pce index and that of Nvidia’s quarterly results.

Sources: CNBC, TheStreet, Yahoo Finance / Zacks.