Morning Preview: August 26, 2026

Early Look

Wednesday, August 26, 2026

After Wall Street advanced on Tuesday, U.S. futures are holding steady ahead of several key developments upcoming, including the July  Personal Consumption Expenditures (PCE) inflation data report at 8:30 am et and then NVidia (NVDA) earnings this evening after the close. The Fed’s preferred inflation gauge, PCE, is expected to come in unchanged from the month before at 3.3% for the core y/y figure. The report comes amid angst in the bond market and ahead of the Jackson Hole annual gathering of Fed policymakers this week, where Chairman Kevin Warsh will deliver a speech on the central bank’s future plans. In addition to NVDA results, investors also get CrowdStrike (CRWD), Williams-Sonoma (WSM), Okta (OKTA), and Abercrombie & Fitch (ANF) reporting results on Wednesday as well. Late Tuesday it was reported the U.S. and Iran have reportedly reached a ceasefire agreement, saying the deal will be announced in the coming days. U.S. oil prices fell late day on the news and have extended those losses this morning another 3% with Brent under $86 per barrel. In Asian markets, The Nikkei Index advanced 405 points to 66,262, the Shanghai Index rose 23 points to 3,912, and the Hang Seng Index rose 141 points to 25,652. In Europe, the German DAX is up 47 points to 26,313, while the FTSE 100 is down -16 points to 10,870.

• The Dow Jones Industrial Average rose 160.24 points, or 0.30%, to 53,577.40
• The Nasdaq Composite gained 171.11 points, or 0.66%, to 26,151.30
• The Russell 2000 Index advanced 14.88 points, or 0.50% to 3,009.96

• 8:30 AM ET                  Personal Income M/M for July…est. +0.2%
• 8:30 AM ET                  Personal Spending M/M for July…prior +0.4%
• 8:30 AM ET PCE Price Index M/M for July…est. +0.1% (prior -0.1%)
• 8:30 AM ET PCE Price Index Y/Y for July…est. +3.6% (prior +3.7%)
• 8:30 AM ET                  Core PCE Price Index M/M for July…est. +0.2% (prior +0.1%)
• 8:30 AM ET                  Core PCE Price Index Y/Y for July…est. +3.3% (prior +3.3%)
• 8:30 AM ET                  Gross Domestic Product (GDP) for Q2, 2^nd estimate…est. +1.5%
• 8:30 AM ET GDP Consumer Spending for Q2, 2nd estimate…prior +3.2%
• 8:30 AM ET GDP Price deflator for Q2, 2nd estimate…est. +6.2%
• 8:30 AM ET PCE headline prices for Q2, 2nd estimate…est. +5.1%
• 8:30 AM ET                  Core PCE headline prices for Q2, 2nd estimate…est. +3.4%
• 10:00 AM ET                Dallas Fed PCE for July
• 10:30 AM ET                Weekly EIA Inventory Data
• 1:00 PM ET US Treasury to sell $70B in 5-year notes

• Earnings After the Close: A AVAT CRM CRWD HPQ LTRX NTNX NVDA OKTA OOMA P SNPS STDN URBN VEEV

• Stifel Tech Executive Summit, 8/25-8/26, in Deer Valley, UT

• Canada announced 50% counter-tariffs on over 700 US products — including steel, aluminum, dairy, furniture, smartphones, and video-game consoles — effective September 8, covering approximately C$27.6 billion ($19.9 billion) of annual US exports.
• Reuters reports the ECB is poised to raise interest rates at its September meeting due to persistent inflation pressures. However, policymakers plan to avoid signaling further hikes beyond September, as long-term inflation expectations remain anchored near 2%.
• Japan’s July Services PPI accelerated to 3.6% YoY (prev. 3.4%, revised up from 3.2%), with the monthly index rebounding +0.4% MoM (prev. -0.3%). Excluding international transport, PPI held steady at 3.1% YoY (+0.3% MoM).
• The Trump administration has paused global visa appointments as part of an ongoing immigration crackdown in the president’s second term. A U.S. State Department spokesperson said that it launched a global training initiative at ​all U.S. embassies and consulates worldwide and that appointments for visa services ​will be adjusted to accommodate the training, as per reports

• Nike (NKE) downgraded to Hold from Buy at Truist and cut tgt to $42 from $47 saying the earnings report from Dick’s Sporting (DKS) signals incremental murkiness around Nike’s turnaround progress, as they meaningfully lowered its fiscal 2026 guidance due to deteriorating trends in footwear.
• Sportradar (SRAD) extended its data and audiovisual betting-rights agreement with Euro league Basketball in a multi-year renewal starting in the 2026-27 season.
• XPeng’s (XPEV) robotics unit, valued at over $6.3B, will begin mass producing its Iron humanoid robot this year, reported the WSJ. XPeng Co-President Brian Gu expects the robot’s hardware gross margin to exceed 50%, surpassing the EV segment’s 12.1% second-quarter margin.

• Exelon (EXC) announces key leadership position changes as Robert Kleczynski to become CFO effective Oct. 5 as Andrew Plenge leaves to become CFO of Comed effective Jan. 1, 2027
• HEICO Corp.(HEI) Q3 sales $1.41B vs. est. $1.35B; Q3 EPS $1.67 vs. est. $1.51.
• JinkoSolar Holding Co., Ltd. (JKS) announced that Mr. Xiande Li has resigned as the chief executive officer of the Company, effective August 26, 2026. Mr. Wei “Dimi” Du will succeed Mr. Li as the chief executive officer of the Company, effective August 26, 2026

• National Bank of Canada’s (NTIOF) Q3 net interest income was C$1.25 billion vs. C$1.17 billion in the year-ago period; capital markets profit grew 32% y/y to C$442M in the quarter, while its wealth management unit’s profit grew 21% to C$296M; Q3 adj profit of C$1.36B ($980.75 million), or C$3.39 per share, compared with a profit of C$1.1 billion, or C$2.68 per share, a year ago.
• Victory Capital (VCTR) to acquire first Eagle investments, creating a $571B diversified global asset manager. The deal is valued at $7B; $4.40B cash, $2B equity, $575M notes assumed and will assume $575M of first Eagle’s existing 7.25% Senior secured notes due 2032.
• Bitdeer (BTDR) announces July 2026 production and operations update saying July 2026 Bitcoin production increased 322% Y/y to 1,190.

• Boston Scientific Corporation (BSX) identified a cybersecurity incident affecting certain of its information technology systems that has resulted in a global disruption to the
• Electromed (ELMD) said that President and CEO Jim Cunniff plans to retire on or around April 2, 2027, and will step down from the company’s board. The co said its board has begun a national search for his successor and hired an executive search firm to assist with the process.

• DeepSeek is seeking a second funding round of RMB 50B at a RMB 500B valuation after revenue surged roughly 10x, per The Information. Revenue reached RMB 475M ($70.7M) in Jan.-July, versus roughly RMB 47.5M for all of 2025. Annualized revenue had climbed to $400M-$500M.
• nCino Inc. (NCNO) announces $100M share repurchase plan; Q2 adj operating income $40.8M vs. est. $36.9M; Q2 revs $161M vs. est. $159M; guides Q3 revs $161.25M-$163.25M vs. est. $162.6M; guides FY27 revs $644M-$647M vs. est. $644.7M and ACV $662.5M vs. est. $667.5M.
• Semtech Corp. (SMTC) Q2 EPS $0.71 vs. est. $0.61; Q2 revs $341.9M vs. consensus $328.7M; sees Q3 EPS $1.02-$1.08 above consensus $0.73 and revs $405M-$415M above consensus $359.9M.
• Zoom Inc. (ZM) Q2 adj EPS $1.55 vs. est. $1.48; Q2 revs rose 4.9% y/y to $1.28B vs. est. $1.27B; guides Q3 EPS $1.46-$1.48 below consensus of $1.50 and revs $1.275B-$1.28B vs. est. $1.28B; number of customers contributing more than $100K in trailing 12 mo rev up 8.2% y/y.
• Robotics startup Generalist has raised nearly $200 million in additional funding, lifting its valuation to $3 billion, according to TechCrunch