CNBC Television·2026-08-24 20:42Market Performance and Trends - Dow Jones Industrial Average rose 140 points, while Verizon shares led the Dow higher with a 3% increase [1] - S&P 500 index fell 21 points, finishing Monday at 7,652, remaining constructive above the June 2nd peak of around 7,610 [1][2] - Nasdaq fell 200 points, with chip makers experiencing losses including Micron down 5% and Cerebras down 5% [1] - Charles Schwab, Coca-Cola, and Visa shares hit fresh all-time highs on Monday [2] - Cryptocurrency extended gains in its biggest 3-day rally since 2023, nearing 79,000 by Monday afternoon [2] Macroeconomic Policy and Geopolitics - Trump administration Treasury Secretary Scott Bessant unveiled an anti-Iran global sanctions plan signaling China is not exempt, utilizing a warning shot approach without immediate direct action [3][4] - President Trump announced a 50% tariff increase on Canadian cars, trucks, and auto parts, though Canadian auto imports account for only about 5.5% of all imported vehicles into the US [5] - Federal Reserve Chair Kevin Walsh is expected to play cagy at the Jackson Hole Economic Policy Symposium, focusing on holding inflation down to target without giving specific policy forecasts [6][7][8][9] Corporate Earnings and Outlook - Nvidia, the world's most valuable company, is preparing to report quarterly results on Wednesday following a trading pattern of buying the rumor and selling the results [9][10] - Upcoming watchlist events include earnings from Dick Sporting Goods, S&P CoreLogic Case-Shiller home prices, newly built home sales numbers, consumer confidence data, and Starbucks' seasonal pumpkin spice lattes return [10]