S&P 500 closes at 7,677.28 on August 25, 2026 — all three indexes rise
All three major US indexes rose on August 25, 2026. The benchmark large-cap index closed at 7,677.28, up 24.42 points or 0.32 percent; the Nasdaq Composite rose 0.66 percent to 26,151.30; and the Dow gained 160.24 points to 53,577.40, its fourth straight advance. That happened on a day when Canada announced retaliatory tariffs on about 20 billion dollars of US goods — the market's larger reaction was to Treasury yields, with the 10-year down six basis points to 4.63 percent. Nvidia rose about 2 percent, snapping a seven-session losing streak, its longest since 2022
The three lines
- Indexes — S&P 500 7,677.28 (+0.32%), Nasdaq 26,151.30 (+0.66%), Dow 53,577.40 (+160.24 points)
- Yields — 10-year Treasury down 6bp to 4.63%, 30-year at 5.17%. Bonds carried the equity session
- Movers — Nvidia up about 2%, ending a seven-day slide. Dick's Sporting Goods fell 14%
Key questions
- What did the S&P 500 close at on August 25, 2026?
- **7,677.28**, up **24.42 points** or **0.32 percent** from the August 24 close of 7,652.86. The **Nasdaq Composite** finished at **26,151.30**, up **171.11 points (0.66 percent)**, and the **Dow Jones Industrial Average** at **53,577.40**, up **160.24 points (0.30 percent)** — a fourth consecutive gain. All three rose, which had not been true the day before: on August 24 the Nasdaq fell 0.8 percent while the Dow rose, as money moved out of technology and into consumer staples and financials. On August 25 that split closed, and the Nasdaq led.
- Canada announced retaliatory tariffs. Why did stocks go up?
- Because what was new that day was **the list, not the number**. Canada's package covers roughly **20 billion dollars** of US goods, matching "dollar for dollar" the 50 percent duties Washington imposed after trade talks collapsed, and it takes effect on **September 8** — both of which had been known since the previous week. What August 25 added was the composition: **rates of 15, 25 and 50 percent** across a list running to more than 700 goods. The larger market signal that day came from bonds. The **10-year Treasury yield fell six basis points to 4.63 percent** and the **30-year eased to 5.17 percent**, down from the 5.31 percent it reached on August 17, its highest since 2007.
- What does Nvidia's seven-day losing streak mean?
- Going into August 25, Nvidia had fallen for **seven consecutive sessions** — its **longest losing streak since 2022** — shedding more than **8 percent** over that run. On August 25 the stock rose about **2 percent** and the streak ended. The timing is what makes it notable: the company was scheduled to report quarterly results **after the close on August 26**. Investors were reducing exposure into a major catalyst rather than building it. One number explains much of the pressure: Nvidia is up roughly **12 percent** in 2026, while the **PHLX Semiconductor Index has gained about 61 percent**. Demand for AI silicon has not been in doubt; whether it flows through Nvidia specifically has been.
The S&P 500 closed at 7,677.28 on August 25, up 24.42 points, or 0.32 percent.
The Nasdaq and the Dow rose with it.
1. Three indexes
| Index | Aug 24 close | Aug 25 close | Change |
|---|---|---|---|
| S&P 500 | 7,652.86 | 7,677.28 | +24.42 (+0.32%) |
| Nasdaq Composite | 25,980.19 | 26,151.30 | +171.11 (+0.66%) |
| Dow Jones Industrial | 53,417.16 | 53,577.40 | +160.24 (+0.30%) |
The previous session had a different shape. On August 24 the Dow rose while the Nasdaq fell 0.8 percent, as money rotated out of technology and into consumer staples and financials.
On August 25 that split closed and the Nasdaq led. What had been sold hardest the day before recovered fastest.
For the Dow it was a fourth straight gain.
2. Bonds moved first
| Maturity | Aug 25 yield | Change |
|---|---|---|
| 10-year Treasury | 4.63% | -6bp |
| 30-year Treasury | 5.17% | lower |
The 30-year sits 14 basis points below the 5.31 percent it reached on August 17, its highest level since 2007.
Falling yields reach equities by two routes. One is the discount rate: lower yields shrink the denominator used to convert future profits into present value, which flatters companies whose earnings sit furthest out — consistent with the Nasdaq leading. The other is substitution: less income available in bonds gives money a reason to stay in stocks.
The size of that effect is not measurable from one session. Yields fell and equities rose on the same day. That is the observation; the causal weight is not.
3. A tariff headline the market shrugged off
August 25 was also the day Canada unveiled retaliatory tariffs on roughly 20 billion dollars of US goods.
Equities barely moved on it, because the number was old news and only the list was new.
| Already known | Added on August 25 | |
|---|---|---|
| Size | matched "dollar for dollar" | ~$20bn confirmed |
| Effective date | September 8 | unchanged |
| Rates | — | 15% · 25% · 50% |
| Coverage | — | 700+ goods |
This brief covered the effective date and the retaliation framework on August 24 in "Canada tariffs of 50% take effect on August 22 — retaliation from September 8," and the list itself in "Canada's $20bn retaliatory tariffs (August 25) — 15, 25 and 50 percent, effective September 8."
4. Nvidia — a streak ends the day before the print
Nvidia had fallen for seven consecutive sessions, its longest run since 2022, losing more than 8 percent. On August 25 it rose about 2 percent and the streak ended.
The timing is the interesting part. The company was due to report after the close on August 26. Large catalysts usually attract positioning ahead of them; here investors were stepping back instead.
| 2026 year to date | |
|---|---|
| Nvidia | about +12% |
| PHLX Semiconductor Index | about +61% |
The sector gained roughly 61 percent while its largest name gained roughly 12 percent. That gap is not a verdict on AI demand — it is a verdict on how much of that demand is assumed to land at Nvidia specifically. This brief covers the earnings numbers in "Nvidia reports on August 26 — the bar is $92 billion."
On the other side of the tape, Dick's Sporting Goods (DKS) fell 14 percent after missing earnings estimates and cutting its full-year guidance.
5. What is not settled
- Nvidia's August 25 close — "about 2 percent" is a single source's description; the exact figure is not confirmed.
- Dick's Sporting Goods figures — the 14 percent move and the guidance cut are reported; the revenue and earnings numbers are not confirmed here.
- Bitcoin above $80,000 — single-source, and the intraday high is not confirmed.
- Why yields fell — no cause could be established for the six-basis-point move in the 10-year.
- What to watch — Nvidia's results after the close on August 26. The market's bar is revenue in the 91 to 92 billion dollar range. Whether that bar is cleared sets the opening tone for all three indexes on August 27.
Sources
- Yahoo Finance — Stock market today: Dow, S&P 500, Nasdaq rise as US-Canada trade tensions heat up, investors await Nvidia earnings (August 25, 2026)
- TheStreet — Stock Market Today (Aug. 25, 2026): $INTU, $ZM to report after the closing bell; Nasdaq jumps
- CNBC — S&P 500 rises slightly as yields fall, Nasdaq boosted by chip names (August 24, 2026)
- Yahoo Finance — Nvidia Notches Longest Losing Streak Since 2022
- CNBC — Canada unveils retaliatory tariffs on about $20 billion of U.S. goods (August 25, 2026)
- Roic News — NVIDIA falls for 7th day, longest losing streak since 2022