Tech drags S&P 500, Nasdaq lower as more Iran sanctions, Nvidia earnings loom

HealthInternationalTech drags S&P 500, Nasdaq lower as more Iran sanctions, Nvidia earnings loomBy Reuters -Aug 25, 2026Add ARY News on GoogleA trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 21, 2026. REUTERSAAResizeTechnology stocks pulled the S&P 500 and Nasdaq lower on Monday as investors weighed fresh U.S. economic ‌pressure against Iran and braced for a week that includes Nvidia earnings and a closely watched inflation report. The Trump administration on Monday announced an expansion of secondary sanctions it can impose on entities and countries that maintain business ties with Iran as Washington significantly ratchets up economic pressure on Tehran with the Iran ​war nearing its six-month mark. Chip stocks sold off, with the Philadelphia SE Semiconductor index falling 2.6%. Nvidia lost 2.3%, Micron Technology fell almost ​5.6% and Broadcom slid 2.1%, pressuring the S&P 500 Information Technology index. Financials, however, gained 1%, with JPMorgan Chase ⁠up 1.1% and Visa adding 2.5%. They also kept the blue-chip Dow afloat. At 02:02 p.m., the Dow Jones Industrial Average was up 77.53 points, ​or 0.14%, to 53,353.49, the S&P 500 lost 20.20 points, or 0.26%, to 7,654.13 and the Nasdaq Composite lost 148.77 points, or ​0.57%, to 26,031.68. EYES ON WARSH’S JACKSON HOLE SPEECH Concerns over ballooning government debt had pushed the 30-year yield to a 19-year high before the Treasury announced support measures last week. CNBC reported on Monday that Treasury Secretary Scott Bessent could tap the department’s near $1 trillion General Account to help fund bond buybacks. Yet, ​the 30-year U.S. Treasury yield remained above the 5% threshold. This turbulence has sharpened focus on Federal Reserve Chair Kevin Warsh’s speech at ​the Jackson Hole symposium on Friday, where investors will look for clues on policymakers’ reading of the Treasury’s rescue efforts. Quarterly results from AI giant Nvidia are ‌expecte...