Nvidia Slides Ahead of Earnings as Tech Stocks Retreat | Closing Bell

Watch on YouTube ↗  |  August 24, 2026 at 20:22  |  9:35  |  Bloomberg Markets
Speakers
Emily Graffeo — Anchor, Bloomberg
Romaine Bostick — Anchor, Bloomberg

Summary

U.S. stocks closed mixed to start a busy macro and earnings week, with the Dow higher but the S&P 500 and Nasdaq lower as technology lagged. Nvidia extended its losing streak ahead of Wednesday earnings, while Expedia, IMAX, Cinemark, gold and Bitcoin showed pockets of strength. Canada Goose and Hims & Hers fell on company-specific negatives.

  • The Dow closed slightly higher while the S&P 500 and Nasdaq declined as information technology lagged.
  • Nvidia fell for a seventh straight day ahead of its earnings report Wednesday.
  • Expedia rallied after Evercore ISI raised its price target and called its valuation attractive.
  • IMAX and Cinemark gained on strong weekend box office for Spider-Man and The Odyssey.
  • Gold and GLD hit a more than three-month high on fiscal-policy and dollar concerns.
  • Canada Goose dropped after a Wells Fargo double downgrade citing tariffs and warm weather.
  • Hims & Hers fell after Visa flagged excessive customer complaints over weight-loss subscriptions.
  • Bitcoin showed relative strength, rising toward $80,000 while broader risk assets were down.
Ideas
Emily Graffeo Anchor, Bloomberg 0:41
Bitcoin shows relative strength nearing $80,000.
Bitcoin is up about 2% on a day when other risk assets are down, showing relative strength as it climbs from the $60,000 range toward $80,000.
BTC LOW
Romaine Bostick Anchor, Bloomberg 2:52
Expedia valuation attractive versus travel peers.
Evercore ISI's Mark Mahaney lifted his Expedia price target to $430 from $375 and maintained Outperform, arguing Expedia has the most attractive valuation on price-to-earnings and free cash flow relative to Airbnb and Booking; the stock rose 5.4% to a new intraday high.
EXPE MED
Romaine Bostick Anchor, Bloomberg 3:56
Strong box office lifts IMAX, Cinemark.
Strong weekend box office is lifting movie-exhibition names: Spider-Man: Brand New Day brought in roughly $130 million domestic, the total box office rose about 64% year over year, and The Odyssey added more than $19 million; B. Riley's Drew Crum called the weekend's gains solid.
IMAX CNK LOW
Romaine Bostick Anchor, Bloomberg 4:33
Gold rallies on fiscal, dollar concerns.
Gold continues its rally to the highest in more than three months as U.S. Treasury intervention in the bond market revives concern about fiscal policy and the dollar; the SPDR Gold ETF (GLD) rose about 0.8% with gold near $4,680 an ounce.
GLD MED
Romaine Bostick Anchor, Bloomberg 5:47
Tariffs and warm weather hurt Canada Goose.
Wells Fargo double-downgraded Canada Goose to Underweight from Overweight, citing U.S. tariffs on Canada and warmer El Nino weather that could reduce parka demand; the stock fell about 5%.
GOOS MED
Romaine Bostick Anchor, Bloomberg 6:18
Visa notice weighs on Hims & Hers.
Visa put Hims & Hers Health on notice over excessive customer complaints and credit card disputes tied to its weight-loss subscription pricing, where the introductory $39 membership jumps to $149 before drug costs; shares fell about 8%.
HIMS MED
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This Bloomberg Markets video, published August 24, 2026, features Emily Graffeo, Romaine Bostick discussing BTC, EXPE, IMAX, CNK, GLD, GOOS, HIMS. 6 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Emily Graffeo, Romaine Bostick  · Tickers: BTC, EXPE, IMAX, CNK, GLD, GOOS, HIMS