By Ananya Chetia
Publication Date: 2026-08-25 22:08:00
Traders work on the floor of the New York Stock Exchange.
NYSE
The S&P 500 was relatively unchanged on Wednesday after the latest personal consumption expenditures price index reading revealed that inflation remains elevated.
The broad market index traded around the flatline, while the Nasdaq Composite declined 0.1%. The Dow Jones Industrial Average lost 112 points, or 0.2%.
Meta reached a settlement with state attorneys general over a lawsuit alleging that its social media apps harmed young users. Shares were 1% higher on the day.
The PCE price index — a monthly report detailing changes in prices of goods and services and a closely watched inflation metric by the Federal Reserve — rose more slightly more than expected in July. However, core PCE, which excludes food and energy prices, came in as anticipated.
The report comes with the bond market in focus. U.S. Treasury yields were little changed Wednesday after falling broadly Tuesday, when the 10-year yield lost almost 8 basis points. Yields hit multi-year highs last week, with the 30-year bond rate reaching levels not seen in nearly 20 years.
Nvidia, Jackson Hole ahead
Nvidia is set to report its earnings for the second quarter on Wednesday after the bell. Wall Street projects earnings per share of $2.09 on $92.28 billion in revenue, according to FactSet.
The report could be a bellwether for the broader market, given the chipmaker is the largest S&P 500 member, with a market cap of more than $5 trillion.
“NVIDIA’s…