Here's what's happening in the stock market today (Friday, August 28, 2026): ## Market Snapshot (as of early Friday) - **Dow Jones:** 53,569.44 (+0.20%) - **S&P 500:** 7,730.99 (+0.72%) - **Nasdaq Composite:** 26,541.35 (+1.57%) - **VIX:** 14.51 (subdued volatility) *Source: [Centrino Capital Market News – Aug 28, 2026](https://centrinocapital.com/insights/market-news-2026-08-28)* ## The Big Story: Fed Chair's Jackson Hole Speech The main event today is **Federal Reserve Chair Kevin Warsh's first keynote address** at the Jackson Hole economic conference (10 a.m. ET). Warsh, who took over in May, has said the Fed won't provide forward guidance on rates. Markets are looking for clarity on inflation and the Fed's policy path — traders are pricing roughly a **35% probability of a September rate hike**, with expectations rising substantially by December. Stock futures are mixed ahead of the speech (Dow futures +0.1%, S&P near flat, Nasdaq -0.3%). *Sources: [Investopedia](https://www.investopedia.com/5-things-to-know-before-the-stock-market-opens-on-friday-august-28-2026-12071085), [Centrino Capital](https://centrinocapital.com/insights/market-news-2026-08-28)* ## Individual Stock Movers - **Nvidia (NVDA):** Surged ~8.7% after a strong earnings report and revenue outlook, driving the tech-led rally on Thursday. *Source: [Centrino Capital](https://centrinocapital.com/insights/market-news-2026-08-28)* - **Marvell (MRVL):** Down ~8% premarket — its earnings only slightly topped estimates, disappointing investors hoping for a bigger AI beat. *Source: [Investopedia](https://www.investopedia.com/5-things-to-know-before-the-stock-market-opens-on-friday-august-28-2026-12071085)* - **PayPal (PYPL):** Down ~15% premarket on a Bloomberg report that Stripe and Advent are abandoning their ~$50 billion takeover bid. *Source: [Investopedia](https://www.investopedia.com/5-things-to-know-before-the-stock-market-opens-on-friday-august-28-2026-12071085)* - **Gap (GAP):** Up ~16% after naming a new Old Navy CEO and lifting its full-year profit forecast. *Source: [Investopedia](https://www.investopedia.com/5-things-to-know-before-the-stock-market-opens-on-friday-august-28-2026-12071085)* ## Commodities & Rates - **Gold:** $4,574/oz (-0.61%) — pressured by higher rate expectations and a firm dollar - **Silver:** $68.74/oz (-0.76%) - **Brent crude:** $85.98/bbl (-0.42%) — easing Middle East supply fears - **10-year Treasury yield:** 4.69% (up from 4.67%) - **Bitcoin:** ~$79,600 (down from an overnight high of $81,500) *Sources: [Centrino Capital](https://centrinocapital.com/insights/market-news-2026-08-28), [Investopedia](https://www.investopedia.com/5-things-to-know-before-the-stock-market-opens-on-friday-august-28-2026-12071085)* **Bottom line:** Markets are in a holding pattern ahead of Warsh's Jackson Hole speech, with the AI trade pulling back after Thursday's Nvidia-driven surge. The key question for the day is whether Warsh signals a rate hike amid persistent inflation. *Note: Market data is as of early Friday morning and subject to live fluctuation.*