Morning Preview: August 25, 2026

Early Look

Tuesday, August 25, 2026

U.S. stock futures jump overnight as Nasdaq futures are looking higher by nearly 1%, helped by a bounce in semiconductors as Nvidia (NVDA) looks to rebound after shares fell on Monday, its 7^th straight decline ahead of earnings tomorrow. Oil prices fall more than 3% to a one-week low as traders shrugged off the latest U.S. sanctions campaign against Iran, viewing economic pressure as posing less risk to oil supplies than a military escalation, while Treasury yields dip. The S&P 500 and Nasdaq ended lower on Monday, pulled down by technology stocks, ahead of Nvidia earnings and a closely watched inflation report where the Fed Jackson Hole meeting takes place on Friday. In Asian markets, The Nikkei Index rose 328 points to 65,856, the Shanghai Index rose 7 points to 3,889, and the Hang Seng Index slipped -6 points to 25,511. In Europe, the German DAX is up over 200 points to 26,319, while the FTSE 100 edges higher 13 points to 10,868. The price of bitcoin, meanwhile, surged above $80,000 for the first time in three months after the Treasury’s intervention in the bond market revived concerns about dollar debasement, sending investors to alternative assets.

• The Dow Jones Industrial Average rose 140.15 points, or 0.26%, to 53,417.16
• The Nasdaq Composite dropped -200.26 points, or 0.76%, to 25,980.19
• The Russell 2000 Index declined -22.79 points, or 0.76% to 2,995.08

• 8:55 AM ET                  Johnson/Redbook Weekly Sales
• 9:00 AM ET                  Monthly Home Prices M/M for June
• 9:00 AM ET                  CaseShiller 20-city index M/M for June
• 10:00 AM ET                New Home Sales M/M for July…est. 620K
• 10:00 AM ET                Consumer Confidence for August…est. 90.2
• 10:00 AM ET                Richmond Fed Index for August…prior 5
• 1:00 PM ET US Treasury to sell $69B in 2-year notes
• 4:30 PM ET API Weekly Inventory Data

• Earnings After the Close: BOX ELMD HEI INTU JOYY NCNO NOAH QFIN SMTC STRT ZM

• Jefferies Semis, IT Hardware & Comm Tech Conference, 8/25-8/26 in Chicago, IL
• Piper 2026 Chicago Summer Trading Tour, 8/24-8/25 (virtual)
• Stifel Tech Executive Summit, 8/25-8/26, in Deer Valley, UT

• Treasury Secretary Scott Bessent is reportedly preparing stronger measures to prevent investors from pushing Treasury yields higher. With the 10-year yield near 4.7% and U.S. debt hitting $40 trillion, options could include temporarily limiting some long-term debt issuance. Bessent aims to contain borrowing costs and protect economic growth, but investors remain concerned about America’s rising debt burden.”
• National Activity Index (gauges overall economic activity and related inflationary pressure) retreated in July falling to -0.08 vs. +0.06 prior … 40 of the 85 individual indicators made positive contributions.

• Grand Canyon Education (LOPE) places CFO Daniel e. Bachus on paid administrative leave effective August 21, 2026 – SEC filing; CFO leave related to government investigation of third party trades in company stock – SEC filing; appoints Lori Browning as interim CFO and interim Principal financial officer effective August 21, 2026.
• Nayax (NYAX) agreed to acquire IPS Group from Windjammer Capital Investors in an all-cash transaction for a total consideration of $350M. IPS’s technology and base of more than 250,000 parking spaces, combined with Nayax’s reach across more than 120 countries, will accelerate IPS’s expansion into new markets.
• Tesla (TSLA) raised the prices of some of its Cybertruck pickup trucks in the United States on Tuesday, according to its website. The company increased the price of its Cybertruck dual motor and premium all-wheel drive by $5,000 to $74,990 and $84,990 respectively.

• Spire Global (SPIR) has been awarded an approximately EUR 4 M one-year contract renewal and expansion by EUMETSAT, Europe’s meteorological satellite agency.

• Bank of Nova Scotia (BNS) Q3 Non-GAAP EPS of C$2.28 tops C$2.10; Q2 revs of C$10.54B (+11.1% Y/Y) beats by C$610M; Q2 adjusted Return on equity of 14.2%, compared to 12.4%; Q1 (CET1) capital ratio of 13.1%; Q1 provision for credit losses was C$1,079M compared to C$1,041M, an increase of C$38M. The provision for credit losses ratio increased by one basis point to 56 basis points; reported a net income of C$2.95B ($2.13B), or C$2.27 per share, for the three months, compared with C$2.53B, or C$1.84 per share, in the year-ago period.

• Meta Platforms (META) plans to launch a consumer-facing AI agent in the coming weeks and is targeting October for the release of a new AI model, The Information reported on Tuesday, citing internal documents.
• Navitas Semiconductor (NVTS) announced a deal to acquire power management solutions company Claros in a transaction valued at up to approximately $232.8M.
• Plexus Corp (PLXS) approves new share repurchase program authorizing up to $100M of common stock.
• Sentiment for technology firms has slipped amid growing political opposition to AI data centers. Texas Governor Greg Abbott delivered one of the starkest warnings yet from a Republican to the AI industry, saying data center companies “dug their own grave” and deserve the backlash they’re facing after failing to win community support, Axios reported on Sunday. This month, Abbott ordered a pause ‌on approvals of new data center projects through the state’s grid interconnection process, citing concerns that a surge in electricity demand could threaten reliability at a time when opposition to the projects is growing.