Market Close: Stocks Mixed, US Threatens Global Iran Sanctions, Bitcoin Rallies • 8/24/26

• Dow up 140 points, S&P 500 down 21 (finished at 7652), Nasdaq down 200 points.
• Verizon (VZ), Charles Schwab (SCHW), Coca-Cola (KO), and Visa (V) hit all-time highs; chipmakers Micron (MU) and Cerebrus were down 5%.
• The Trump administration unveiled an anti-Iran global sanctions plan, signaling China is not exempt, described as 'warning shots' to countries that might leave the dollar system.
• Fed Chair Warsh is expected to deliver a non-committal speech at Jackson Hole on Friday, focusing on incoming data and inflation targets.
• AI chipmaker Nvidia (NVDA) is set to report quarterly results on Wednesday, with expectations of blockbuster results but limited stock movement due to a 'buy the rumor, sell the results' pattern.

The market closed mixed on Monday, August 24, 2026, with the Dow up and the S&P 500 and Nasdaq down. Geopolitical news included the Trump administration's anti-Iran global sanctions plan, with warnings to China. Upcoming events include Fed Chair Warsh's speech at Jackson Hole and Nvidia's earnings report, with analysts anticipating a 'buy the rumor, sell the results' pattern for Nvidia.