W Traders

Wall Street Just Blinked: Nvidia Earnings and Jackson Hole Could Decide What Comes Next The S&P 500’s three-week winning streak has come to an end, with investors pulling back as rising yields and uncertainty over interest rates weigh on equities. The S&P 500 fell 1.43% this week, while the Nasdaq declined 2.05% and the Dow slipped 0.85%. Despite the weekly losses, Friday ended 0.4% higher as trading activity remained subdued. The move does not yet signal a broad market breakdown. Instead, investors appear to be positioning ahead of two major catalysts: Nvidia’s earnings report on August 26 and the Federal Reserve’s Jackson Hole symposium on August 27-29. Nvidia’s results could provide a fresh read on the strength of the AI investment cycle, while Fed Chair Kevin Warsh’s comments may influence expectations for the path of interest rates. With the S&P 500 still close to record highs, the market is entering a potentially decisive week where earnings, yields and Fed policy could determine whether this pullback becomes a buying opportunity or the start of a deeper correction. #sp500endsweeklywinstreak