Market Close: Stocks Higher, Warsh Speech Ahead, Travel Demand Defies High Prices • 8/27/26

Watch on YouTube ↗  |  August 27, 2026 at 21:55  |  3:59  |  CNBC
Speakers
Jessica Ettinger — Anchor, CNBC
Kristina Partsinevelos — Markets Reporter, CNBC
Jason Wynn — CEO, Chase Travel
Steve Liesman — Senior Economics Reporter

Summary

Stocks closed higher Thursday as Nvidia's results lifted chips and Salesforce led a software rally. Fed Chair Kevin Warsh is set to speak in Jackson Hole with markets watching for rate clues. SK hynix touted its new US memory packaging facility, and travel demand remained resilient despite sharply higher hotel and airfare prices.

  • Major averages rose Thursday; Nvidia gained 8% and Salesforce jumped 22%.
  • Okta and CrowdStrike surged on AI cyber attack earnings boosts.
  • Steve Liesman previews Fed Chair Warsh's Jackson Hole speech for rate policy clues.
  • SK hynix celebrated a US memory chip packaging facility in Indiana backed by CHIPS Act funding.
  • Apartment rents ticked up month-over-month for the first time in four years.
  • Chase Travel CEO reports Labor Day bookings up 17% despite high prices.
  • Walmart announced Tap to Pay rollout in stores and Sam's Club.
Ideas
Jessica Ettinger Anchor, CNBC 0:46
AI cyber attacks boost Okta and CrowdStrike.
The rising threat of AI-driven cyber attacks is boosting earnings at Okta and CrowdStrike; Okta shares rose 29% and CrowdStrike surged 19% as a result.
OKTA CRWD MED
Kristina Partsinevelos Markets Reporter, CNBC 1:36
SK hynix onshores US memory chip packaging.
SK hynix is building the largest memory chip packaging facility in the US in West Lafayette, Indiana, backed by CHIPS Act funding; it is a step toward onshoring high-bandwidth memory packaging, though actual chips are still made in South Korea and China.
000660.KS MED
Jason Wynn CEO, Chase Travel 2:43
Travel demand remains resilient despite high prices.
Travel demand is defying high prices: Labor Day bookings are up 17% year over year, with average hotel rates above $500 and average airfares above $1,000, both near double-digit increases versus last year.
AIRLINES Hotels HIGH
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This CNBC video, published August 27, 2026, features Jessica Ettinger, Kristina Partsinevelos, Jason Wynn discussing OKTA, CRWD, 000660.KS, AIRLINES, Hotels. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Jessica Ettinger, Kristina Partsinevelos, Jason Wynn  · Tickers: OKTA, CRWD, 000660.KS, AIRLINES, Hotels