More Stories

Informist, Wednesday, Aug. 12, 2026                                      Tel +91 (22) 6985-4000

---

Equity Alert: US markets close down, dragged down by tech stocks 

 

MUMBAI--0703 IST--Major US indices ended lower pressured by declines in major technology stocks such as SpaceX, Amazon, and Alphabet, as investors grew less optimistic about a deal to end the war in West Asia. The technology-heavy Nasdaq Composite closed almost 1% lower while the S&P 500 and the Dow Jones Industrial Average closed slightly lower. 

 

The Strait of Hormuz will remain closed as long ‌as the US does not change its behaviour and accept Iran's conditions to end the war, the newly appointed secretary of Iran's Supreme National Security Council said, according to a Reuters report.

 

"As has been the case for months, it's just really hard to come to an agreement that works for everyone," Reuters quoted Ross Mayfield, investment strategy analyst at Baird as saying. "Oil is a little higher, pricing in more uncertainty around that. The market has obviously gyrated around this conflict at times, but it hasn't been the big headwind that a lot of people imagined it might be."

 

Meanwhile, shares of Amazon closed 2.1% lower, while Alphabet and SpaceX both closed around 4% lower, weighing on the S&P 500 and the Nasdaq Composite. Shares of Apple closed 1% lower. 

 

However, shares of cloud computing company CoreWeave closed more than 2% higher after the company's revenue for the June quarter more than doubled to $2.58 billion amid strong demand for artificial intelligence infrastructure. Among others, alternative asset managers Apollo Global and Blackstone closed around 6% and 4% higher, respectively, after partnering with Nvidia on compute-financing platforms which will mobilise $500 billion.

 

Investors await the US July retail inflation data due later in the day, which could influence expectations for the Federal Reserve's interest-rate decision in September. Investors remain divided over the possibility of a rate hike in September. The likelihood of an interest rate hike has dropped to 48.5% from 52.2?rlier, according to the CME Fedwatch tool. Rising energy prices caused by the war in West Asia have increased inflation concerns and made it more difficult for central banks to determine their policy paths.

 

Following were the closing levels of major US indices Tuesday:

 

Index	Level	Change in %
Dow Jones Industrial Average	53791.85	(-)0.3
NASDAQ Composite	26445.45	(-)0.6
S&P 500	7728.20	(-)0.3

 

(Deesha Jadhav)

 

US$1 = INR 95.44

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Pankaj Aher

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

NSE: National Stock Exchange
NYSE: New York Stock Exchange
NYMEX: New York Mercantile Exchange
SEBI: Securities and Exchange Board of India
RBI: Reserve Bank of India

Internet links:
Securities and Exchange Board of India - http://www.sebi.gov.in
Bombay Stock Exchange - http://www.bseindia.com
National Stock Exchange of India - http://www.nseindia.com
Directory of Indian government websites - http://goidirectory.nic.in
Indian Ministry of Finance - http://www.finmin.nic.in
Reserve Bank of India - http://rbi.org.in
Controller General of Accounts, Government of India - http://www.cga.nic.in
Government's Press Information Bureau - http://www.pib.nic.in

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2026. All rights reserved.