S&P 500, Nasdaq end down on tech stocks, investors weigh Iran moves
By Saeed Azhar, Purvi
Agarwal and Niket
Nishant
Mon August 24, 2026
More threats against Iran plus now additional threats against allies trading with Iran continued to aggravate war worries and send tech down, the chips hit particularly hard. All of this was further exacerbated by the continuing and very omnipresent opposition to the building of AI centers with even Texas governor Abbott now joining the protests. All the turbulence has continued to push the 30-year bond higher with Bessent considering tapping into the $1T General Account to continue bond buybacks.