On Tuesday (August 26), local time, all three major U.S. stock indices rose. Although they showed weakness during the session, they experienced a slight rally toward the close. At the close, the Dow Jones Industrial Average rose 0.3% to 45,418.07 points, the S&P 500 Index gained 0.41% to 6,465.94 points, and the Nasdaq Composite Index increased 0.44% to 21,544.27 points.
Most large-cap tech stocks in the U.S. market advanced, with Tesla and Nvidia both rising over 1%, Apple gaining nearly 1%, Amazon up 0.34%, Meta up 0.11%, while Microsoft fell 0.44% and Google declined 0.65%.
Bank stocks collectively rose, with JPMorgan Chase, Goldman Sachs, Bank of America, and Wells Fargo all gaining over 1%. Morgan Stanley rose 0.89%, and Citigroup increased 0.76%.
Energy stocks fell across the board, with ConocoPhillips down over 1%, Schlumberger down nearly 1%, Occidental Petroleum down 0.75%, Chevron down 0.51%, and ExxonMobil down 0.19%.
U.S. chip stocks were mixed, with Lam Research up over 2%, Advanced Micro Devices up 2%, ARM and Qualcomm both rising over 1%, while Microchip Technology fell over 1%.
International precious metal futures closed mixed. At the close, COMEX gold futures rose 0.75% to $3,443.2 per ounce, while COMEX silver futures fell 0.02% to $38.695 per ounce.
Wall Street analysts believe that Trump's move to "fire" Cook not only boosted expectations for interest rate cuts but also reignited concerns about the Federal Reserve's independence. This uncertainty has led to a decline in investor confidence in dollar-denominated assets, shifting attention to traditional safe-haven assets like gold.
Due to the smaller-than-expected decline in U.S. API crude oil inventories, international oil prices fell. At the close, the main U.S. crude oil contract fell 2.3% to $63.31 per barrel, while the main Brent crude contract declined 2.15% to $66.75 per barrel.
Regarding economic data released that day, according to CCTV News, data released by The Conference Board on the 26th showed that as of the 20th, the U.S. Consumer Confidence Index for August fell by 1.3 points to 97.4. Among the components, the index assessing consumers' views on current business and labor market conditions dropped by 1.6 points to 131.2. The Consumer Expectations Index, reflecting short-term income prospects, business, and labor market conditions, fell by 1.2 points to 74.8, remaining below the critical level of 80, which typically signals an impending economic recession.