Market News for August 26, 2026
Every story Market Flux published on August 26, 2026.
- Unusual Volume
Urban Outfitters Posts Record Q2 Sales of $1.66B but Shares Fall 4% After Adjusted EPS Misses by a Penny
Urban Outfitters reported fiscal second-quarter 2027 results after the close on August 26, with net sales rising 10% to a record $1.6619 billion, topping the $1.635 billion analyst…
- Top Story
Nvidia Reveals AWS Will Deploy 2 Million Additional GPUs by Mid-2028 in Expanded AI Partnership
Nvidia announced during its earnings call that Amazon Web Services will deploy 2 million additional Nvidia GPUs across its global infrastructure through the second quarter of fiscal year…
- Market Flux Event
Nvidia Reports Record $96.2 Billion Quarter With Revenue Up 106% as AI Chip Demand Surges
Nvidia posted fiscal second-quarter revenue of $96.2 billion, a 106% increase from the same period a year earlier, surpassing Wall Street expectations and extending a streak of blowout…
- Market Flux Event
Nvidia Posts Record $96.2 Billion Quarter but Stock Swings Wildly Before Settling Up 5% After Hours
Nvidia reported fiscal second-quarter revenue of $96.2 billion, a record that beat Wall Street estimates by roughly 4%, with Data Center revenues more than doubling year over year. The…
- Unusual Volume
HP Inc Shares Fall 10% After Hours Despite Record Q3 Revenue Beat and Raised Full-Year Guidance
HP Inc. reported fiscal third-quarter 2026 results on August 26 that exceeded Wall Street expectations across nearly every metric, yet shares fell roughly 10.5% in after-hours trading as…
- Market Flux Event
Nvidia Posts $96.2 Billion Q2 Revenue Beat but Stock Slides on Underwhelming Guidance
Nvidia reported fiscal second-quarter revenue of $96.2 billion on Wednesday, well above the roughly $92.2 billion Wall Street had expected, confirming sustained demand for AI…
- Market Flux Event
Salesforce, CrowdStrike and HP All Beat Quarterly Estimates as Salesforce AI ARR Surges Past $3.9 Billion
Three major technology companies reported stronger-than-expected fiscal second-quarter results on August 26, with Salesforce posting the most dramatic earnings surprise. Salesforce reported…
- Most Active
Abercrombie & Fitch Surges 37% After Record Q2 Sales, $100M Tariff Refund Drives Massive Earnings Beat and Raised Outlook
Abercrombie & Fitch shares rocketed roughly 37% to around $148-$149 on Wednesday, hitting an 18-month high, after the retailer posted record second-quarter net sales of $1.27 billion, up 5%…
- Most Active
Photronics Beats Q3 Estimates on Revenue and EPS but Shares Face Securities Lawsuit Amid AI Tailwind Narrative
Photronics reported fiscal third-quarter 2026 revenue of $216.0 million, topping the $209 million analyst estimate and rising 2.7% year-over-year, as delayed semiconductor design releases…
- Market Flux Event
Nvidia Reveals AWS Will Deploy 2 Million Additional GPUs by Mid-2028 in Expanded AI Partnership
Nvidia announced during its earnings call that Amazon Web Services will deploy 2 million additional Nvidia GPUs across its global infrastructure through the second quarter of fiscal year…
- Top Mover
J.M. Smucker Beats Q1 Estimates by Wide Margin and Raises Full-Year Guidance
J.M. Smucker reported fiscal first-quarter 2027 results that sharply exceeded expectations, sending shares up about 3.4% before the bell on August 26. Revenue came in at $2.2 billion, up 5%…
- Market Flux Event
Salesforce Stock Surges 14% After Q2 Revenue Beat and Raised Full-Year Guidance on AI Momentum
Salesforce shares jumped roughly 14% in after-hours trading on Wednesday after the company reported fiscal second-quarter revenue of $11.35 billion, edging past the $11.32 billion Wall…
- Unusual Volume
Li Auto Posts Second Straight Quarterly Loss as Revenue Drops 15% Year-Over-Year, Stock Hits 52-Week Low
Li Auto reported Q2 2026 revenue of 25.7 billion yuan, down sharply from 30.25 billion yuan in the same period a year earlier, as subdued demand and an intensely competitive Chinese EV…
- Market Flux Event
HP Inc Shares Tumble After Hours Despite Fiscal Q3 Earnings Beat and Raised Annual Outlook
HP Inc. reported fiscal third-quarter 2026 results on August 26 that beat Wall Street expectations on both top and bottom lines, with non-GAAP earnings per share coming in roughly $0.17…
- Market Flux Event
Nvidia Q2 Revenue Surges to $96.2 Billion as Data Center Sales More Than Double
Nvidia reported fiscal second-quarter revenue of $96.22 billion, topping analyst estimates of $92.17 billion and marking a dramatic year-over-year acceleration. Adjusted earnings per share…
- Market Flux Event
Anthropic Signs $45 Billion Computing Deal With Nscale
Anthropic has agreed to pay Nscale $45 billion to lease AI computing capacity, according to reports from Bloomberg and Reuters on August 26. The agreement ranks among the largest data…
- Unusual Volume
Dick's Sporting Goods Suffers Record 31% Single-Day Crash as Wall Street Slashes Targets After Earnings Miss
Dick's Sporting Goods stock plunged more than 31% on Tuesday in the retailer's worst single-day trading session on record, after fiscal second-quarter earnings missed Wall Street…
- Market Flux Event
FDA Approves Revolution Medicines Daraxonrasib as First RAS-Blocking Pill for Pancreatic Cancer
Revolution Medicines received FDA approval on August 26 for daraxonrasib, a once-daily oral drug designed to block multiple forms of the RAS protein in patients with previously treated…
- Market Flux Event
XRP Drops from 45% Weekly Surge as Leveraged Longs Unwind Near Key Support
XRP is leading a broader crypto pullback after surging roughly 45% over the prior week, a rally driven by ETF inflows and spikes in network activity. The retreat is putting pressure on…
- Market Flux Event
US Crude Inventories Rise Just 100,000 Barrels in Week Ending August 21, Far Below Expectations
US commercial crude oil inventories rose by only 100,000 barrels in the week ending August 21, according to Energy Information Administration data released Wednesday, bringing total…
- Unusual Volume
J.M. Smucker Surges After Blowout Q1 Results Powered by Coffee Pricing and $115M Tariff Refunds
J.M. Smucker reported fiscal first-quarter 2027 results that sharply exceeded Wall Street expectations, sending shares up 3.4% before the bell to a record premarket high. Revenue came in at…
- Unusual Volume
Intuit Shares Plunge 12% After Fiscal 2027 Revenue Guidance Falls Well Short of Wall Street Estimates
Intuit shares fell roughly 12% on August 26, extending a 10%-plus drop in after-hours trading the prior session, after the company issued fiscal 2027 revenue guidance of $23.28 billion to…
- Market Flux Event
Bernstein Sets $300K Bitcoin Target for 2029 and Reiterates $1M Forecast for 2033
Wall Street research firm Bernstein issued a sweeping bullish outlook on Bitcoin on August 26, predicting the cryptocurrency will reach $150,000 by mid-2027, $300,000 by end of 2029, and $1…
- Market Flux Event
Trump Escalates US-Canada Trade War as Ottawa Fires Back With C$27.6B in Retaliatory Tariffs
The United States and Canada have entered a deepening trade confrontation spanning autos, dairy, steel and aluminum, with President Trump declaring Canada's "free ride" over and calling the…
- Market Flux Event
Wall Street Holds Its Breath Before Nvidia Q2 Earnings as Zoom Tumbles on Weak Guidance
U.S. stock futures were subdued on August 26, 2026, with the S&P 500, Dow Jones, and Nasdaq all edging lower as investors braced for Nvidia's second-quarter fiscal 2027 earnings report due…
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- Market Flux Event
Nvidia Q2 Earnings Due After Bell as Markets Hold Breath Over $92 Billion Revenue Target
Nvidia is set to report its fiscal second-quarter results after Wednesday's market close, with Wall Street expecting adjusted earnings per share of $2.09, more than double the $1.05 posted…
- Top Story
US July PCE Inflation Beats Forecast at 3.7% as Nvidia Earnings Loom
The Federal Reserve's preferred inflation gauge came in hotter than expected in July, with the headline PCE price index rising 0.2% month-over-month, above the 0.1% estimate, and 3.7%…
- Market Flux Event
Trump Says Iran Supreme Leader Khamenei Is Seriously Wounded, Not Dead, as Strait of Hormuz Reopens to Traffic
President Donald Trump said Wednesday he believes Iran's Supreme Leader Mojtaba Khamenei is "very seriously wounded" on the left side of his body but not dead, telling both conservative…
- Unusual Volume
Bath & Body Works Posts Big Q2 Profit Beat but Stock Slides on Tariff Boost Concerns and Weak Sales Outlook
Bath & Body Works reported second-quarter adjusted earnings per share of $0.62, crushing the consensus estimate of $0.24 and rising 68% year over year, while net income hit $118 million…
- Market Flux Event
Canada to Impose Retaliatory Tariffs on $20 Billion of US Goods as Trade War Escalates Over Steel, Dairy and Autos
Canada announced retaliatory tariffs on roughly $20 billion worth of US goods, mirroring dollar-for-dollar the 50% import taxes President Donald Trump imposed after trade talks broke down…
- Unusual Volume
Abercrombie & Fitch Surges 37% After Record Q2 Sales, Massive EPS Beat and Raised Full-Year Guidance
Abercrombie & Fitch posted record second-quarter net sales of $1.27 billion on Wednesday, up 5% year over year and ahead of the $1.25 billion consensus estimate, marking the retailer's 15th…
- Market Flux Event
Meta Settles With 29 US States Over Allegations That Facebook and Instagram Harmed Children
Meta Platforms reached a settlement with a coalition of 29 US state attorneys general to resolve claims that the company deliberately designed Facebook and Instagram to addict children and…
- Unusual Volume
Zoom Shares Fall 6% as Weak Q3 Profit Outlook Overshadows Strong Q2 Beat and $3 Billion Anthropic Windfall
Zoom Communications shares tumbled roughly 6% to around $94.44 on Wednesday after the company issued a softer-than-expected third-quarter profit outlook that overshadowed a clean beat on…
- Market Flux Event
Canada Hits US With $20 Billion in Retaliatory Tariffs on Over 700 Goods as Trade War Escalates
Canada announced retaliatory tariffs on C$27.6 billion (roughly $20 billion) worth of US annual imports on August 25, matching Washington's latest duties dollar for dollar. Canadian Finance…
- Market Flux Event
US July PCE Inflation Runs Hotter Than Expected on Headline, Core Holds Steady
The Bureau of Economic Analysis released July personal consumption expenditures data on August 26, showing headline PCE inflation rose 0.2% month-on-month, above the 0.1% consensus estimate…
- Market Flux Event
US July PCE Inflation Beats Forecast at 3.7% as Nvidia Earnings Loom
The Federal Reserve's preferred inflation gauge came in hotter than expected in July, with the headline PCE price index rising 0.2% month-over-month, above the 0.1% estimate, and 3.7%…
- Market Flux Event
Australian Dollar Surges to Three-Month High as Hot CPI Dims RBA Rate-Cut Bets, Dollar Holds Pattern Ahead of PCE
Currency markets traded cautiously on August 26 as investors positioned ahead of two major events: the July U.S. personal consumption expenditures report due later in the day and Federal…
- Market Flux Event
Bernstein Predicts Bitcoin Will Reach $150K by Mid-2027 and $300K by 2029
Analysts at Bernstein have issued a bullish long-term forecast for Bitcoin, projecting the cryptocurrency will recover to a new record high of $150,000 by mid-2027 in their base case before…
- Unusual Volume
BlackRock Cuts Bitcoin ETF Swap Minimum 96% to $1 Million as IBIT Hits $5 Billion in Tax-Deferred Conversions
BlackRock lowered the minimum threshold for in-kind Bitcoin-to-IBIT conversions from $25 million to $1 million, effective July, a 96% reduction that opens the tax-deferred swap mechanism to…
- Market Flux Event
Nvidia Set to Report Q2 Results With Wall Street Expecting 100% Revenue Surge and a Record Quarter
Nvidia reports its fiscal second-quarter earnings after the US market close on Wednesday, August 26, with the entire market watching to see whether the AI chip giant can clear an already…
- Market Flux Event
SoftBank in Talks for Up to $20 Billion Bond Sale to Refinance Its OpenAI Loan
SoftBank Group is in discussions with investment banks about a bond offering of $10 billion to $20 billion, with proceeds aimed at refinancing an existing loan tied to its investment in…
- Market Flux Event
Canada Hits US With Dollar-for-Dollar Tariffs on $20 Billion of Goods as Trump Weighs Further Escalation
Canada announced retaliatory tariffs on roughly $20 billion worth of U.S. annual imports, matching "dollar for dollar" the 50% duties President Donald Trump imposed on Canadian goods after…
- Market Flux Event
Canada Hits Back With 50% Dollar-for-Dollar Tariffs as US-Iran Sanctions Threaten to Ensnare China
Prime Minister Mark Carney announced that Canada will impose dollar-for-dollar retaliatory tariffs starting September 8, matching the 50% duties the US applied to roughly $20 billion worth…
- Market Flux Event
Australia July CPI Beats Forecasts at 1.0% Month-on-Month, Lifting RBA Rate-Hike Bets
Australia's consumer price index rose 1.0% month-on-month in July, exceeding the 0.9% estimate and swinging sharply from a 0.1% decline in June, adding pressure on the Reserve Bank of…
- Market Flux Event
Darline Graham Wins South Carolina GOP Senate Runoff to Replace Late Brother Lindsey Graham
Darline Graham won the Republican nomination for U.S. Senate in South Carolina, defeating longtime Congressman Ralph Norman in the GOP primary runoff. The AP and Decision Desk HQ projected…