Monday, 24 August 2026
Market closed mixed as tech sector sold off sharply.
The market closed with the tech-heavy Nasdaq down solidly and the S&P 500 down modestly, led by selling in Technology and Energy, while Financials and Utilities held up. The forces behind the market are split, with AI infrastructure investment and geopolitical risk easing conflicting with tightening credit conditions and disrupted oil prices. Next session, the market will be watching whether the reversal in oil prices continues and if the tech sector's weakness persists.
Why it mattered: Today's close sets up a potentially volatile next session as conflicting forces remain in play.
What we said to watch
Whether the tech sector's sharp selloff continues or reverses when the market reopens.
This is the reading as it was written on the day. It has not been edited with hindsight, and it may have turned out to be wrong.
Market intelligence only. Not financial advice, not a recommendation, and not an offer to buy or sell any security. No trade execution.