US Stock Market Ends Three-Week Winning Streak Amid Weakness Across Broader Market
The US stock market had a mixed week ending August 28, 2026. Despite a late-week rally driven by Nvidia's blockbuster earnings report, the S&P 500 declined 1.43% for the week, snapping its three-week winning streak.
Nvidia reported revenue of $96.2 billion, exceeding Wall Street's consensus estimate of $92.2 billion. However, this didn't translate to a broader market rally, with ten of the eleven S&P 500 sectors ending Thursday's session in negative territory.
The Dow Jones Industrial Average was relatively resilient, declining only 0.85% for the week. This was largely due to its lower exposure to the volatile technology sector. Walmart Inc. weighed heavily on the blue-chip index, falling 10% for the week after seeing its smallest same-store sales growth since 2000.