MARKET DAILY

Market 08/26: Oil Prices Surge Ahead of Political Tensions

Tech sector retreats, small caps pull the market in soft-landing outlook

Steve Le
Steve Le

Key highlights:

  • Oil prices surge under geopolitical influence

  • Durable goods orders recover

  • Dallas FED: Manufacturing temporarily recovers

  • Atlanta FED keeps Q3 GDP growth forecast at 2%

  • NASA drops Boeing, relies on SpaceX to bring astronauts home

  • Apple will launch iPhone 16 on 9/9

  • Market: Tech retreats, IWM returns amid soft-landing hopes

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