Stock Market Today, Aug. 24: Nvidia Extends Losses as Tech Stocks Retreat

NVDA dropped 2.9% on August 24, 2026, marking its seventh consecutive day of losses as the chipmaker approached its earnings report. The Nasdaq fell 0.76% and the S&P 500 declined 0.28%, while the Dow edged up 0.26% as investors rotated out of technology and into defensive positions.

The broader tech sector retreated amid geopolitical uncertainty and concerns over potential Nvidia chip price increases. Safe-haven assets rallied during the session, with gold advancing as traders sought lower-risk alternatives ahead of NVDA's pivotal quarterly results.

The divergence between the Dow's modest gain and the tech-heavy Nasdaq's decline underscored the sector-specific pressure on semiconductor and growth stocks. NVDA's extended slide reflects mounting investor caution before the company reports earnings that could set the tone for AI infrastructure spending expectations.