Wall Street ends down as traders focus on Nvidia, Fed after last week's rally

Wall Street ends down as traders focus on Nvidia, Fed after last week's rally

By Noel Randewich

Mon August 25, 2025 4:19 PM

 Friday’s jubilation lasted a single day as today the markets returned to their customary cautionary mode with the Dow sinking like a rock but tech doing a little better, the Nasdaq in the green for much of the day if only modestly, all on speculation of waiting for the hoped-for glowing Nvidia Q2 report due this week. Nvidia makes up a whopping 8% of the S&P as the world’s most valuable company and thus has everyone on pins and needles as the common investor who has the S&P index as a major part of a retirement portfolio will be taking a hit if Nvidia turns out to be in trouble.  

Today also saw Intel fall on the news that the government may be acquiring a substantial stake in the company. Powell’s comments Friday has all the major brokerages revising their outlooks and some pessimism has once again seeped into sentiment re the odds of a September rate cut. Whereas on Friday, Powell’s “hint” was taken that there may very well be a September cut, today those comments are now taken as there might not be. Thus odds have been cut today to 84% from the 90 on Friday. Contrary to Friday’s volume which was huge, today transactions were way down again to 14.2 billion vs the 17.1 average. 

DJ: 45,631.74  +846.24     NAS: 21,496.54  +396.22      S&P: 6,466.91  +96.74        8/22

DJ: 45,282.47  -349.27      NAS: 21,449.29  -47.24         S&P: 6,439.32  -27.59         8/25

Mon 8-25-25 4:19 pm Wall Street ends down as traders focus on Nvidia, Fed after last week's rally | Reuters