Stocks Fall as Investors Await Nvidia | Closing Bell

Market Performance & Trends - Majority of stocks shifted from green on Friday to red today, indicating a potential waning of the relief rally following Jay Powell's comments at Jackson Hole [2] - Traders are anticipating India's announcements on Wednesday, which are expected to set the tone for the week [3] - The likelihood of a September rate cut is at approximately 84%, a decrease from above 100% previously discussed, and the possibility of a 50 basis point rate cut is no longer under consideration [5][6] - The Dow Jones Industrial Average decreased by approximately 0.8% or more than 300 points, while the Dow transports also fell by about 1.8% or 300 points [6] - The S&P 500 saw approximately 400 stocks decline, pushing the index down by 0.4% or 28 points [7] - The tech sector experienced significant declines, while communication services and energy sectors showed some positive performance [8][9] Mergers & Acquisitions - Puma shares rose as much as 20% after reports that the Pino family is considering options for the sportswear company, with the family owning about 29% of Puma through their Artemus vehicle [11][12] - Dr Pepper agreed to acquire JD Peet's for approximately $8.4 billion to strengthen its coffee business [13] - Keurig Dr Pepper's stock closed down about 11% following the announcement of the JD Peet's acquisition [15] Tariffs & Regulations - Fertilizer stocks increased after the USGS draft included Potash in the 2025 list of critical minerals [10] - Furniture-related companies like RH and Wayfair are affected by Trump's tariff investigation on furniture imports into the U S [17] - Bank of America downgraded American Eagle's stock due to tariff pressures on profitability, with the stock down about 25% year-to-date [18][20] Other News - Netflix is creating "Netflix Houses," 100,000 square feet permanent year-round homes for fans, featuring popular shows [23] - The U S and South Korea may have reached a trade deal [27]