Tesla and Nvidia paced a tech sell-off on Friday (Saturday AEST), slightly paring a solid month of gains for all three major US equity benchmarks. For the month, the S&P 500 rose 1.9 per cent, the Dow rose 3.2 per cent and the Nasdaq added 1.6 per cent.
The Federal Reserve’s preferred inflation metric, Core PCE, came in as expected. Core personal consumption expenditures price index climbed 2.9 per cent in July from a year earlier — well above the central bank’s 2 per cent inflation target.
Source: https://www.afr.com/markets/equity-markets/tesla-nvidia-pace-wall-street-lower-at-month-s-end-20250830-p5mr1w