Key Highlights Nvidia stock soared 8.7% following robust revenue projections, boosting technology shares across the board Salesforce and CrowdStrike delivered impressive Thursday gains S&P 50
A powerful earnings report from Nvidia fueled a widespread technology sector rally on Thursday, though investor sentiment shifted to caution Friday morning as markets anticipated Federal Reserve Chair Kevin Warsh’s address at Wyoming’s Jackson Hole Symposium.
Pre-opening stock futures showed mixed signals. Dow Jones futures advanced 0.1%, while S&P 500 futures showed modest declines and Nasdaq 100 futures retreated 0.3%.
E-Mini S&P 500 Sep 26 (ES=F)Nvidia shares jumped 8.7% Thursday following the company’s announcement of strong revenue projections, calming concerns that artificial intelligence infrastructure investments were decelerating.
The earnings release reinvigorated investor enthusiasm for AI-focused investments. Chip manufacturers across the industry experienced upward momentum following the announcement.
Salesforce recorded its strongest single-day performance since 2020, surging 22.6%. The rally helped dispel concerns about potential weakness in the enterprise software sector.
CrowdStrike delivered impressive results as well, climbing over 20%. The cybersecurity company’s performance contributed to the bullish sentiment pervading the tech industry.
Thursday’s session saw the S&P 500 finish 0.7% higher. The Nasdaq Composite surged 1.6% while the Dow Jones Industrial Average climbed 0.2%.
Investor focus has shifted to Warsh, who will present his inaugural keynote address as Federal Reserve chair at the Kansas City Fed’s annual gathering. The speech is slated for 10 a.m. ET Friday.
The market is waiting for one answer.What will Kevin Warsh say at Jackson Hole today?
Here’s our view:
Warsh’s first Jackson Hole speech comes as markets remain uncertain about his approach to interest rates, largely because he has avoided providing clear forward guidance… pic.twitter.com/ULloL0deG6
— Coin Bureau (@coinbureau) August 28, 2026
Market participants are seeking clarity on monetary policy direction and inflation strategy following uncertainty created by Warsh’s position at the most recent Federal Reserve meeting. Central bank policymakers continue to show disagreement regarding additional rate increases.
Price growth has persisted above the Federal Reserve’s objective, with latest economic indicators revealing inflation running warmer than projections. This dynamic has maintained longer-duration Treasury yields at elevated levels approaching multi-year peaks.
Both 10-year and 30-year Treasury yields held relatively stable in anticipation of the address.
Among individual companies, Marvell Technology declined approximately 7% despite presenting a favorable business outlook. The company’s projected non-GAAP gross margin fell short of Wall Street forecasts, pressuring the shares.
Gap stock rallied more than 13% during extended hours following the apparel retailer’s release of second-quarter results that exceeded expectations. The company simultaneously announced Michael Francis’s appointment as chief executive of its Old Navy division.
PayPal stock tumbled nearly 14% in after-market activity after Bloomberg disclosed that Advent International and Stripe withdrew their acquisition proposal for the digital payments provider.
Crude oil prices moved modestly higher Thursday. The Wall Street Journal published a report indicating President Trump has rejected returning to provisions outlined in a June understanding with Iran.
Friday’s calendar contains no significant corporate earnings releases. The University of Michigan will publish its consumer sentiment index, potentially providing perspective on American attitudes regarding current economic circumstances.
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