Stock Market Update
10-Aug-26 15:25 ET
NVIDIA moves lower on AI infrastructure funding headline
Dow -137.39
at 53899.54,
Nasdaq -73.63
at 26638.00,
S&P -1.80
at 7755.84
[BRIEFING.COM] The major averages are little changed from previous levels with just half an hour left in today's session.
Financial Times reports that NVIDIA (NVDA 218.82, -5.14, -2.30%) is collaborating with Apollo Global Management (APO 131.23, +3.79, +2.97%), Goldman Sachs (GS 1033.39, -6.22, -0.60%), BlackRock (BLK 1128.50, -7.89, -0.69%), and others on a $500 billion funding package for AI infrastructure development. NVIDIA moved to session lows following the report and is now the worst-performing "Magnificent Seven" name today.
Elsewhere on the macro front, Bloomberg reports Cleveland President Beth Hammack (voting FOMC member) said "some number" of rate increases may be needed.
