Market Close: Stocks Lower, Nvidia Strong, Meta Makes Child Safety Changes • 8/26/26

Summary

CNBC business news update covering a losing day for stocks, with the Dow down 113 points and Nike at multi-year lows. Nvidia beat earnings and revenue more than doubled but slipped after hours; Wedbush's Dan Ies defended Nvidia as the sole AI chip supplier. Meta settled state child safety litigation for less than $20 billion, far below the $200 billion sought, and July PCE inflation came in hot at 3.7%.

• Dow fell 113 points; S&P 500 and Nasdaq also closed lower.
• Nike hit its lowest since 2014; Visa and Expedia made all-time highs.
• Nvidia beat earnings and revenue more than doubled but shares slipped after hours.
• Dan Ies argued Nvidia is the only chip fueling AI and has no real competition.
• Salesforce rose 7% after hours on quarterly results.
• Meta settled child safety litigation for less than $20 billion versus $200 billion sought.
• July PCE inflation was 3.7%, above the Fed's 2% target.
• Apple set a September 9 event; Jackson Hole symposium and more earnings due Thursday.