{"id":66984,"date":"2026-08-24T16:38:11","date_gmt":"2026-08-24T20:38:11","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wall-street-ends-mixed-as-chip-selloff-and-iran-sanctions-weigh-on-markets\/66984\/"},"modified":"2026-08-24T16:38:11","modified_gmt":"2026-08-24T20:38:11","slug":"wall-street-ends-mixed-as-chip-selloff-and-iran-sanctions-weigh-on-markets","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wall-street-ends-mixed-as-chip-selloff-and-iran-sanctions-weigh-on-markets\/66984\/","title":{"rendered":"Wall Street Ends Mixed as Chip Selloff and Iran Sanctions Weigh on Markets"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong><a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>) shares fell for a seventh consecutive session<\/strong>, marking its longest losing streak since 2022, as the semiconductor sector faced pressure from reports of 15% price hikes for AI-related components.<\/li>\n<li><strong>The Nasdaq 100 dropped 1%<\/strong> as a broad chipmaker selloff outweighed a decline in <a href=\"https:\/\/stockmarketwatch.com\/energy\/crude-oil\" data-internallinksmanager029f6b8e52c=\"12\" title=\"Crude oil\">oil prices<\/a>, while the <a href=\"https:\/\/stockmarketwatch.com\/indices\/dowjones\/today\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average managed a 0.32% gain.<\/li>\n<li><strong>Treasury Secretary Scott Bessent announced an &quot;Economic D-Day&quot; plan<\/strong> aimed at isolating Iran through aggressive sanctions, contributing to heightened geopolitical uncertainty.<\/li>\n<li><strong>Aggreko filed for a U.S. Initial Public Offering (IPO)<\/strong> on the New York Stock Exchange under the ticker &quot;AGKO,&quot; supported by a large syndicate of major investment banks.<\/li>\n<li><strong>Bausch + Lomb (<a href=\"\/stock\/BLCO\">BLCO<\/a>) shares saw volatility<\/strong> after the company reported mixed Phase 2\/3 trial results for its eye health therapies, despite projecting peak sales potential exceeding $2 billion.<\/li>\n<\/ul>\n<h2>Tech Sector Under Pressure Ahead of Earnings<\/h2>\n<p>Wall Street began the week on a cautious note as semiconductor giants plunged just days before <strong><a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>)<\/strong> is set to report its latest quarterly results. The sector was shaken by reports that major clients have been alerted to <strong>AI-related price hikes of more than 15%<\/strong>, fueling concerns about demand sustainability and margin pressures. An ETF tracking memory shares fell <strong>5.9%<\/strong>, while <strong><a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>)<\/strong> extended its losing streak to seven days, its longest slump in nearly four years.<\/p>\n<p>The <strong>Nasdaq Composite<\/strong> unofficially ended the session down <strong>184.71 points, or 0.71%<\/strong>, finishing at 25,995.75. In contrast, the <strong>Dow Jones Industrial Average<\/strong> rose <strong>169.53 points, or 0.32%<\/strong>, to 53,446.54, reflecting a rotation out of growth stocks and into more defensive value sectors. The <strong><a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a><\/strong> edged lower by <strong>0.25%<\/strong> to finish at 7,655.39.<\/p>\n<h2>Geopolitical Tensions and the &quot;Economic D-Day&quot;<\/h2>\n<p>Oil prices settled near <strong>$85 per barrel<\/strong> as traders analyzed Treasury Secretary Scott Bessent&#39;s plan to launch an &quot;Economic D-Day&quot; drive. The strategy involves threatening economic sanctions on any country doing business with Iran to isolate the nation and force an end to regional conflicts. In response, Iran&#39;s Economic Minister stated the country has prepared its own &quot;economic offensive&quot; against its enemies.<\/p>\n<p>Diplomatic efforts continue elsewhere, as <strong>Saudi Arabia and France<\/strong> issued a joint statement calling for a negotiated solution regarding Iran&#39;s nuclear program. The two nations urged Tehran to resume full cooperation with the UN nuclear watchdog following Crown Prince Mohammed bin Salman\u2019s visit to Paris. Meanwhile, U.S. Secretary of State Marco Rubio met with South Korean officials to manage alliance differences over North Korea and defense cooperation.<\/p>\n<h2>Corporate Developments and IPO News<\/h2>\n<p><strong>Aggreko<\/strong> has officially filed for a U.S. IPO, applying to list on the <a href=\"https:\/\/stockmarketwatch.com\/exchanges\/nyse\/today\" data-internallinksmanager029f6b8e52c=\"2\" title=\"NYSE Today\">NYSE<\/a> under the symbol <strong>AGKO<\/strong>. The offering is backed by a heavyweight group of underwriters including <strong>Goldman Sachs (<a href=\"\/stock\/GS\">GS<\/a>)<\/strong>, <strong>J.P. Morgan (<a href=\"\/stock\/JPM\">JPM<\/a>)<\/strong>, and <strong>Morgan Stanley (<a href=\"\/stock\/MS\">MS<\/a>)<\/strong>. The move marks a significant return to the public markets for the temporary power provider.<\/p>\n<p>In the healthcare sector, <strong>Bausch + Lomb (<a href=\"\/stock\/BLCO\">BLCO<\/a>)<\/strong> announced that while its dual-action eye drop showed a significant reduction in symptoms at day 15, it failed its primary endpoint at day 29. Despite this, the company is advancing the therapy into Phase 3 trials, noting that combined potential peak sales for its new therapies could exceed <strong>$2 billion<\/strong>.<\/p>\n<h2>Mergers and Acquisitions Activity<\/h2>\n<p><strong>SkyCity Entertainment (<a href=\"\/stock\/SKC\">SKC<\/a>)<\/strong> confirmed it rejected a takeover proposal from <strong>Oaktree Capital Management<\/strong> at an indicative price of <strong>NZ$0.70 per share<\/strong>. The company also disclosed a second proposal from an unnamed party at <strong>NZ$0.75 per share<\/strong>, but stated neither offer adequately reflected the company&#39;s underlying value. SkyCity remains focused on its asset monetization program and a strategic review of its Adelaide operations.<\/p>\n<p>Additionally, <strong>Heartland Group Holdings (<a href=\"\/stock\/HGH\">HGH<\/a>)<\/strong> acknowledged a New Zealand High Court judgment dismissing an injunction attempt against its proposed acquisition of <strong>TSB Bank<\/strong>. The company stated there are currently no changes to the timeline for the transaction, clearing a significant legal hurdle for the deal.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Nvidia (NVDA) shares fell for a seventh consecutive session, marking its longest losing streak since 2022, as the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"rank_math_schema_Article":[],"rank_math_focus_keyword":[],"rank_math_description":[],"financial_data_references":[],"stock_symbols_mentioned":[],"footnotes":""},"categories":[5012],"tags":[95,633,1947,4147,5027,9044,21933],"class_list":["post-66984","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news","tag-nasdaq","tag-nvda","tag-oil","tag-ipo","tag-semiconductors","tag-skycity","tag-bausch-lomb"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/66984","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/comments?post=66984"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/66984\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media\/50383"}],"wp:attachment":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media?parent=66984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=66984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=66984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}