Market News for August 31, 2026
Every story Market Flux published on August 31, 2026.
- Market Flux Event
S&P 500 Gains 2.62% in August as Industrials Lag the Broader Rally
The S&P 500 closed out August 2026 with a monthly gain of 2.62%, while the Nasdaq Composite outpaced it with a 3.93% rise. The strong month for equities came even as one of the market's…
- Top Mover
Edison International Crashes 23% as California Wildfire Bill Drops Utility Liability Protections
Edison International shares plunged roughly 23 percent on August 31, 2026, their worst single-day decline since 2001, after California lawmakers advanced an amended wildfire bill over the…
- Top Mover
PG&E Plunges Up to 19% After California Wildfire Bill Omits Utility Liability Protections
PG&E Corporation shares fell as much as 19% in premarket trading on August 31 and continued sharply lower through the session after the California State Assembly advanced wildfire…
- Top Mover
Aon Agrees to Buy USI Insurance from KKR for $17 Billion in All-Cash Deal to Dominate Middle Market
Aon plc announced Monday it will acquire USI Insurance Services from private-equity firm KKR and its co-investors in an all-cash transaction valued at approximately $17 billion, or $16.7…
- Top Mover
Howmet Aerospace shares tumble 8% after SpaceX reveals plan to cast turbine blades in-house
Howmet Aerospace fell roughly 8% on August 31 after Elon Musk confirmed that SpaceX is building its own foundry in Bastrop, Texas, to cast gas turbine blades and vanes in-house. Musk said…
- Top Mover
Take-Two Shares Fall 7% as GTA 6 Leaks Persist Ahead of November 19 Launch
Take-Two Interactive shares dropped roughly 7% on August 31 as unauthorized GTA 6 gameplay footage continued to surface ahead of the title's November 19 release date. The leaked clips…
- Top Mover
SLB Agrees to Buy Kelvion for $3.4 Billion in Cash to Expand AI Data Center Cooling Business
SLB N.V. announced on Monday it has signed a definitive agreement to acquire Kelvion, a global provider of thermal management and heat exchange technologies, for approximately $3.4 billion…
- Top Mover
Tesla Stock Surges 6% to Best Day Since July as Cybercab Launch Event Approaches September 3
Tesla shares climbed roughly 6% on August 31, their best single-day performance since July 6, as investors positioned ahead of the company's Cybercab launch event scheduled for September 3…
- Market Flux Event
Wall Street Falls on Oil Surge Tied to Strait of Hormuz Fighting but Posts August Gains
U.S. stocks closed lower on Monday, August 31, as crude oil prices surged following fresh fighting in the Strait of Hormuz that raised fears of supply disruptions and renewed inflationary…
- Unusual Volume
SAIC Jumps 8% After Q2 Earnings and Revenue Beat With Raised Full-Year Outlook
Science Applications International Corporation reported second-quarter fiscal 2027 results before the open on August 31, delivering a broad beat on both earnings and revenue and lifting its…
- Market Flux Event
Supreme Court Lets Trump White House Ballroom Construction Continue Pending Full Review
The Supreme Court on Friday, August 21, allowed President Trump to continue construction of a sprawling new ballroom adjoining the White House, temporarily blocking lower court rulings that…
- Market Flux Event
Trump Announces Drug Pricing Deals With Nine More Pharma Companies, Expanding Most Favored Nation Push
President Trump announced on August 31 that his administration has struck drug pricing agreements with nine additional pharmaceutical and biotech companies, committing them to sell…
- Market Flux Event
Trump Vows to Hit Iran Hard After U.S. and Iran Trade Strikes in Hormuz Escalation
President Trump said Monday that the U.S. will "hit them very hard" after Iran launched ballistic missiles at two American military bases in Jordan, a retaliation for a U.S. strike over the…
- Market Flux Event
FTC and 20-Plus States File Lawsuit Accusing Amazon of Secretly Inflating Ad Prices
The Federal Trade Commission, joined by more than 20 state attorneys general, filed a lawsuit against Amazon alleging the company deceived advertisers by covertly raising the minimum prices…
- Market Flux Event
WTI Settles at $85.76 After US and Iran Resume Military Strikes Near Strait of Hormuz
West Texas Intermediate crude settled at $85.76 per barrel on Monday, up $2.36 or 2.83%, as U.S. forces struck Iranian missile launchers near the Strait of Hormuz over the weekend, ending a…
- Market Flux Event
Bessent Defends Bond Buyback Strategy Against Druckenmiller Critique at G20 Meeting
Treasury Secretary Scott Bessent publicly pushed back against Stanley Druckenmiller, his former mentor, at the G20 finance meeting in Asheville, North Carolina on August 31, defending his…
- Market Flux Event
Bessent Taunts Druckenmiller Over Bond Losses as US Treasuries Post Best Month
Treasury Secretary Scott Bessent publicly fired back at billionaire investor Stanley Druckenmiller on August 31, telling CNBC from the G20 finance meeting in Asheville that his former boss…
- Market Flux Event
Dollar Steadies in Narrow Range as Sterling and Yen Face Pressure from Hawkish Antipodean Central Banks
The US Dollar Index was confined to a tight 99.20-99.65 range on Monday, August 31, as currency markets assessed whether Friday's dollar rally had staying power. The greenback had surged…
- Market Flux Event
US 10-Year Treasury Yield Hits 4.75% for First Time Since January 2025 as US-Iran Conflict Lifts Oil Prices
The U.S. 10-year Treasury yield climbed to 4.75% on August 31, its highest level since January 2025, as fresh military escalation between the United States and Iran pushed oil prices…
- Top Story
Strategy Ends 10-Week Bitcoin Pause With $370 Million Purchase, Holdings Hit 845,050 BTC
Strategy resumed Bitcoin accumulation after a roughly 10-week hiatus, purchasing 4,603 BTC for $369.7 million between August 24 and 30 at an average price of $80,318 per coin. The move, the…
- Market Flux Event
XRP ETFs Pull In Record $110M Weekly Inflows as Price Slips 7% to $1.36
XRP spot ETFs in the United States recorded their strongest weekly inflow since 2025, drawing $110 million in new capital over a single week even as the token itself fell roughly 7% over…
- Market Flux Event
OpenAI Advertising Business Reaches $1 Billion Annualized Revenue Run Rate After About 200 Days
OpenAI announced Monday that its advertising business has crossed $1 billion in annualized revenue run rate, reaching the milestone roughly 200 days after launching ads in the United…
- Market Flux Event
BitMine Buys 53,501 ETH for $131 Million in Biggest Weekly Purchase Since June
BitMine Immersion Technologies, the Ethereum treasury company led by Tom Lee, acquired 53,501 ETH last week for approximately $131 million, its largest single-week purchase since June. The…
- Market Flux Event
NVIDIA Invests $3.5 Billion in MediaTek Convertible Bonds to Deepen AI Chip Partnership
NVIDIA is investing $3.5 billion in convertible bonds issued by MediaTek, marking a significant deepening of the two companies' AI chip collaboration. The deal gives NVIDIA a financial…
- Market Flux Event
Strategy Ends 10-Week Bitcoin Pause With $370 Million Purchase, Holdings Hit 845,050 BTC
Strategy resumed Bitcoin accumulation after a roughly 10-week hiatus, purchasing 4,603 BTC for $369.7 million between August 24 and 30 at an average price of $80,318 per coin. The move, the…