Stock Market on Aug. 27, 2026: S&P 500 and Nasdaq close higher in tech-fueled rally as Nvidia's stock jumps after its earnings beat expectations; Dow rises as Salesforce shares surge and Jackson Hole symposium gets started; Marvell Technology results on
The S&P 500 and Nasdaq rose on August 27, 2026, fueled by a rally in technology stocks after Nvidia reported second-quarter fiscal 2027 earnings that beat expectations. Nvidia shares jumped 7%, adding $442 billion in market value, the second largest single-day surge in history. The Dow Jones Industrial Average also climbed, supported by a surge in Salesforce shares. Market sentiment shifted as Nvidia's results and its guidance for 70% revenue growth in fiscal year 2028 reduced investor concerns regarding the sustainability of AI demand.
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- β Nvidia shares rose 7% following earnings that exceeded expectations.
- β Nvidia added $442 billion in market value, marking its second biggest ever stock surge.
- β Nvidia provided guidance for 70% revenue growth in fiscal year 2028.
- β The S&P 500 and Nasdaq closed higher on August 27, 2026.
What changed
Nvidia reported second-quarter fiscal 2027 results and provided revenue growth guidance for fiscal year 2028.
Live updates
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Nvidia Earnings Drive Tech Rally as S&P 500 and Nasdaq Close Higher
The S&P 500 and Nasdaq rose on August 27, 2026, fueled by a rally in technology stocks after Nvidia reported second-quarter fiscal 2027 earnings that beat expectations. Nvidia shares jumped 7%, adding $442 billion in market value, the second largest single-day surge in history. The Dow Jones Industrial Average also climbed, supported by a surge in Salesforce shares. Market sentiment shifted as Nvidia's results and its guidance for 70% revenue growth in fiscal year 2028 reduced investor concerns regarding the sustainability of AI demand.
Why it matters
The rally occurs as the Jackson Hole symposium begins and investors monitor Federal Reserve signals. Chipmakers are currently outperforming broader Big Tech firms in the AI-driven market surge. These results address ongoing debates about whether AI investments are delivering sufficient returns.
What is confirmed
- Nvidia shares rose 7% following earnings that exceeded expectations.
- Nvidia added $442 billion in market value, marking its second biggest ever stock surge.
- Nvidia provided guidance for 70% revenue growth in fiscal year 2028.
- The S&P 500 and Nasdaq closed higher on August 27, 2026.
- The Dow Jones Industrial Average rose as Salesforce shares surged.
- The Jackson Hole symposium began on August 27, 2026.
Still unconfirmed
- The bond market is swinging due to investor bets that the Federal Reserve may hike interest rates soon.
What to watch next
- Marvell Technology financial results
- Federal Reserve communications from the Jackson Hole symposium
confidence 100%Sources used for this update (20)
- NVIDIA Newsroom β NVIDIA Announces Financial Results for Second Quarter Fiscal 2027
- CNBC β Nvidia jumps 7% in after blockbuster earnings boost AI confidence
- Reuters β Nasdaq leads Wall St after Nvidia quells AI fears
- MarketWatch β Stock Market Today: S&P 500 and Nasdaq are up as Nvidia's stock jumps after its earnings beat expectations; Dow rises as Salesforce shares surge and Jackson Hole symposium gets started; Marvell Technology results on tap
- Yahoo Finance β How Nvidia silenced the bears
- WSJ β Nvidiaβs Victory Lap, Software Rallies and Huang Rebuts Gates | Markets P.M. for August 27
- Yahoo Finance β Stock Market Today, Aug. 27: Nvidia Surges on Blowout Results and Surprising Guidance
- Investor's Business Daily β Dow Jones Futures: Market Rallies Into Fed Chief Warsh; Nvidia Jumps, But This Sector Is On Fire
- Yahoo Finance β Nvidia Adds $442 Billion in Second Biggest Ever Stock Surge
- Yahoo Finance β Nvidia Just Guided for 70% Revenue Growth in Fiscal Year 2028. Here's What That Means for AI Stocks.
- CNN β Chipmakers are outshining Big Tech in the AI rally
- WSJ β U.S. Stocks Rise After Rosy Nvidia View
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