Market Midday: Stocks Fall, Nike Hits 2014 Low, Meta Agrees to Child Safety Changes • 8/26/26

Summary

CNBC's midday update covers a lower stock market, with Nike hitting a 2014 low and Nvidia lower before earnings. Meta shares rose after the company agreed to pay up to $16.7 billion and change child-safety features. July PCE inflation came in hot, and commentators flagged ongoing inflation risk. US crude oil was slightly lower as US-Iran tensions over the Strait of Hormuz remained in focus.

• Dow, S&P 500, and Nasdaq are lower at midday; Nike leads the Dow down and hits its lowest since August 2014.
• Nvidia shares are down about 1% ahead of after-close quarterly results.
• Meta shares rose about 2% after agreeing to pay up to $16.7 billion and add teen safety changes.
• Former Assistant Attorney General Jonathan Caner says the Meta settlement imposes significant social media regulatory changes.
• Core PCE inflation rose to 3.6%; Harvard's Jason Ferman says inflation remains the main economic worry.
• US crude oil is slightly lower as Iran seeks a Strait of Hormuz deal with Oman; Nicholas Burns warns Iran could try to exact tolls on shipping.