This content was published on
August 27, 2026 - 10:45
4 minutes
(Bloomberg) — US stocks advanced as a bullish outlook from Nvidia Corp. bolstered confidence that the rapid expansion in artificial-intelligence spending is likely to run for longer.S&P 500 futures rose 0.5%, while Nasdaq 100 contracts advanced 1.2%. Nvidia jumped 7.3% in early trading after issuing a revenue growth forecast for fiscal 2028 far above expectations. Salesforce Inc. surged 11% as the software firm’s outlook reassured investors it can compete successfully in the AI era.Treasuries fell modestly, with 10-year yields up one basis point to 4.66%. European bonds outperformed as Brent extended its decline for a fourth straight session. The dollar was little changed, while gold hovered near $4,600 an ounce.Nvidia’s upbeat outlook offered relief to investors concerned about a bubble in the AI economy as Chief Executive Officer Jensen Huang said demand for its artificial-intelligence accelerators is only accelerating. The chips are key components for training and running AI models.“Earnings growth from core tech names remains in place, which is crucial given this is the main driver for US markets, and tech investment the main driver for US growth,” said Geoff Yu at BNY. “However, optimism remains tempered as with strong growth comes the risk of tighter monetary policy, which for now is also the market’s base case.”Some pockets of weakness tempered the broader optimism. Europe’s Stoxx 600 fell as a retreat in consumer stocks outweighed the gains in technology shares. HP Inc. tumbled as investors worried about demand for the company’s computers and printers. Wheat prices hit a fresh record, keeping inflation concerns in focus alongside still-elevated energy prices.Attention will now turn to the Jackson Hole Economic Symposium. Kevin Warsh will deliver his first major speech as Fed chair on Friday, giving investors fresh clues on the policy outlook after he faced criticism over a lack of clarity about his views on the economy.“What matters here isn’t a simple hawkish or dovish call, but how he navigates the balance between inflation, employment, long-end yields, and Fed credibility,” noted Dilin Wu, a strategist at Pepperstone. “Should the market grow concerned about a policy misstep, it could continue to weigh on US equities.”Corporate Highlights:CrowdStrike Holdings Inc.’s shares jumped in late trading after the company projected revenue for the full year that exceeded analysts’ estimates. Salesforce Inc. jumped in extended trading after the software company gave an outlook for strong revenue expansion and deepened its partnership with Anthropic PBC. Pernod Ricard SA expects to hit only the lower end of its forecast range for sales growth in the next few years. Some of the main moves in markets:StocksThe Stoxx Europe 600 fell 0.3% as of 9:38 a.m. London time S&P 500 futures rose 0.5% Nasdaq 100 futures rose 1.2% Futures on the Dow Jones Industrial Average rose 0.1% The MSCI Asia Pacific Index rose 0.3% The MSCI Emerging Markets Index rose 0.4% CurrenciesThe Bloomberg Dollar Spot Index was little changed The euro was unchanged at $1.1651 The Japanese yen was little changed at 159.33 per dollar The offshore yuan was little changed at 6.7196 per dollar The British pound was little changed at $1.3582 CryptocurrenciesBitcoin rose 1.7% to $79,793.98 Ether rose 2.4% to $2,530.4 BondsThe yield on 10-year Treasuries was little changed at 4.65% Germany’s 10-year yield was little changed at 3.24% Britain’s 10-year yield was little changed at 5.02% CommoditiesBrent crude fell 0.6% to $87.35 a barrel Spot gold rose 0.2% to $4,598.89 an ounce This story was produced with the assistance of Bloomberg Automation.–With assistance from Neil Campling and Anand Krishnamoorthy.©2026 Bloomberg L.P.
