Market Close: Stocks Rise, Iran-Oman Hormuz Talks, Consumer Confidence Falls • 8/25/26

Summary

CNBC's market close update covered a positive session for U.S. equities, with the Dow, S&P 500, and Nasdaq higher and Nvidia up ahead of its earnings report. Segments included Dan Pickering calling Iran-Oman Strait of Hormuz talks noise, Canada's retaliatory tariff package that excludes energy, and weak consumer confidence and new home sales data. The broadcast was largely headline-driven and contained no clear actionable trade recommendations.

• U.S. equities rose with the Dow up 160, S&P 500 up 24, and Nasdaq up 171 points.
• Chipmakers were mostly higher; Nvidia rose 2% ahead of Wednesday's quarterly results.
• Mike Santoli said the market remains flat and controlled despite unexplained Micron volatility.
• Dan Pickering dismissed Iran-Oman Hormuz shipping talks as noise with no oil call.
• Canada announced dollar-for-dollar retaliatory tariffs on U.S. goods, excluding energy.
• Consumer confidence fell to 89.4 and new home sales missed with prices down and inventory up.
• Wednesday's earnings include Nvidia, HP, Salesforce, CrowdStrike, Urban Outfitters, and J.M. Smucker.