# Daily Market Wrap Desk — Matterfact Newsletter > Every trading day, what actually moved and why: the closing levels across the major indexes, the two or three stories that drove the session, and the earnings, data, and deals behind the biggest single-stock moves. **21 issues**. --- - [Waller Blinks and Markets Rip as Bitcoin and AI Names Explode - Daily Market Wrap - Thursday, September 3, 2026](https://www.matterfact.com/newsletter/2026-09-03-market-wrap-waller-blinks-markets-rip.md) — 2026-09-03: Daily Market Wrap for Thursday, September 3, 2026: one dovish Waller speech knocked September rate-hike odds down to a coin flip, sending the S&P 500 within 1 percent of a record, Bitcoin back above $80,000 and the crypto complex vertical, while Snowflake surged 17 percent and Ciena fell 10 percent on record results. - [Dell's AI Blowout Powers a Green Close While Software Bulls Get Torched - Daily Market Wrap - Wednesday, September 2, 2026](https://www.matterfact.com/newsletter/2026-09-02-market-wrap-dell-ai-blowout-software-torched.md) — 2026-09-02: Daily Market Wrap for Wednesday, September 2, 2026: every major index closed green and small caps led as Dell surged 15.8 percent on a record $95 billion AI order backlog, while MongoDB, Palo Alto Networks and Credo were punished for beating expectations without accelerating. - [Bonds Take the Wheel as the 10-Year Hits a 52-Week High and Growth Stocks Pay Up - Daily Market Wrap - Tuesday, September 1, 2026](https://www.matterfact.com/newsletter/2026-09-01-market-wrap-bonds-take-the-wheel.md) — 2026-09-01: Daily Market Wrap for Tuesday, September 1, 2026: the 10-year Treasury yield pushed to a 52-week high of 4.80 percent and crude jumped roughly 5 percent, knocking every major index lower, while Dell fell 6.9 percent despite a record AI quarter and California utilities snapped back from Monday's crash. - [Rate-Hike Jitters Sink Stocks and California Utilities Crater Over 20 Percent - Daily Market Wrap - Monday, August 31, 2026](https://www.matterfact.com/newsletter/2026-08-31-market-wrap-rate-hike-jitters-california-utilities.md) — 2026-08-31: Daily Market Wrap for Monday, August 31, 2026: the 10-year Treasury yield hit a 52-week high at 4.76 percent and futures swung to roughly 60 percent odds of a September rate hike, while a weekend gutting of California's wildfire-liability shield wiped a fifth off Edison International and PG&E and Tesla jumped 5.5 percent into its robotaxi day. - [Warsh's Hawkish Debut Flips the Script and Wall Street Bets on a Rate Hike - Daily Market Wrap - Friday, August 28, 2026](https://www.matterfact.com/newsletter/2026-08-28-market-wrap-warsh-hawkish-debut.md) — 2026-08-28: Daily Market Wrap for Friday, August 28, 2026: a hot July PCE print and Kevin Warsh's first Jackson Hole speech pushed futures to a 56 to 60 percent odds of a September rate hike, dragging real estate, utilities and small caps lower, while Marvell fell 10 percent on a beat-and-raise and PayPal dropped 12.7 percent after Stripe and Advent walked away. - [Software Roars on Nvidia's Halo Effect as the SaaSpocalypse Gets Called Off - Daily Market Wrap - Thursday, August 27, 2026](https://www.matterfact.com/newsletter/2026-08-27-market-wrap-software-roars-saaspocalypse.md) — 2026-08-27: Daily Market Wrap for Thursday, August 27, 2026: a blowout Nvidia guide the night before lit the fuse, then Salesforce, CrowdStrike and Okta all beat and raised and the fear that AI would kill software fell apart, sending the Nasdaq up 1.57 percent while food, retail, travel and media names quietly cracked. - [Stocks Freeze Ahead of Nvidia While the AI Plumbing Runs Hot - Daily Market Wrap - Wednesday, August 26, 2026](https://www.matterfact.com/newsletter/2026-08-26-market-wrap-frozen-ahead-of-nvidia.md) — 2026-08-26: Daily Market Wrap for Wednesday, August 26, 2026: the headline indices barely moved as the whole Street waited on Nvidia's after-the-close print, while the optical and networking suppliers that feed the AI buildout ripped, retail earnings whipsawed on tariff refunds, and a core PCE revision up to 3.6% kept the Fed boxed in before Jackson Hole. - [Dick's Sporting Goods Collapses 31 Percent as Stocks Melt Up Before Nvidia - Daily Market Wrap - Tuesday, August 25, 2026](https://www.matterfact.com/newsletter/2026-08-25-market-wrap-dicks-collapse-melt-up.md) — 2026-08-25: Daily Market Wrap for Tuesday, August 25, 2026: a quiet melt-up carried the S&P back toward records with the VIX near 15, while Dick's Sporting Goods lost nearly a third of its value on a gutted forecast for its Foot Locker bet and Moderna surged 14% on a cancer-pipeline upgrade. - [Chips Dumped and Defensives Bid as Traders De-Risk Before Nvidia - Daily Market Wrap - Monday, August 24, 2026](https://www.matterfact.com/newsletter/2026-08-24-de-risking-before-nvidia.md) — 2026-08-24: Daily Market Wrap for Monday, August 24, 2026: a flat headline tape masked a violent rotation out of memory chips and momentum AI names into staples and utilities, as traders de-risked before Nvidia earnings and a new Fed chair's Jackson Hole debut. - [Stocks Bounce Back But the Bond Market Keeps Screaming - Daily Market Wrap - Friday, August 21, 2026](https://www.matterfact.com/newsletter/2026-08-21-market-wrap-stocks-bounce-bond-market-screaming.md) — 2026-08-21: The session of Friday, August 21, 2026: stocks closed the week higher but the 30-year Treasury yield pushed near an 18-year high as booming PMI data soured bonds, a pro-crypto policy push sent Robinhood up 13.7 percent and Coinbase up 8.2 percent, and a melanoma cancer-vaccine readout lifted Moderna 8.9 percent and all of healthcare. - [Walmart Cracks and Rates Bite as the Consumer Blinks and Stocks Slide - Daily Market Wrap - Thursday, August 20, 2026](https://www.matterfact.com/newsletter/2026-08-20-market-wrap-walmart-cracks-rates-bite.md) — 2026-08-20: The session of Thursday, August 20, 2026: a rare 9 percent drop in Walmart after a 'low-quality' earnings beat dragged the Dow, the 10-year yield climbed to 4.70 percent as Fed minutes turned hawkish, and bitcoin ripped to its biggest day since March even as the broad tape closed red. - [Moderna Doubles on a Cancer Vaccine Breakthrough as Washington Rescues the Bond Market - Daily Market Wrap - Wednesday, August 19, 2026](https://www.matterfact.com/newsletter/2026-08-19-market-wrap-moderna-cancer-vaccine-treasury-rescue.md) — 2026-08-19: The session of Wednesday, August 19, 2026: a first-of-its-kind Phase 3 melanoma trial sent Moderna up 177 percent and Merck up 13 percent, a surprise US Treasury buyback expansion knocked long-end yields lower and lifted gold and crypto, and Nebius kicked off a fresh crack in the AI-hardware trade. - [A Beat and Raise From Fabrinet Cracks the Entire AI Build Out Trade - Daily Market Wrap - Tuesday, August 18, 2026](https://www.matterfact.com/newsletter/2026-08-18-market-wrap-fabrinet-drags-ai-trade.md) — 2026-08-18: The session of Tuesday, August 18, 2026: an obscure optical-parts maker beat and raised, fell 19.4%, and dragged optics, neoclouds and data-center power down with it, while private-equity buyers announced a burst of take-privates and healthcare quietly won the day. - [Chips Melt Up as the Broad Tape Melts Down With Everyone Waiting on Powell - Daily Market Wrap - Monday, August 17, 2026](https://www.matterfact.com/newsletter/2026-08-17-market-wrap-chips-melt-up-powell.md) — 2026-08-17: The session of Monday, August 17, 2026: a handful of AI-hardware names went vertical while the broad market drifted lower, Charter's refinancing shock sank Communication Services, and with Jackson Hole days away and the 10-year near 4.73%, investors mostly stayed on their hands. - [Small Caps Hit a Record as Megacap Tech Cracks and the Consumer Blinks - Daily Market Wrap - Friday, August 14, 2026](https://www.matterfact.com/newsletter/2026-08-14-market-wrap-small-caps-record.md) — 2026-08-14: The session of Friday, August 14, 2026: the headline indexes barely moved, but money rotated out of megacap tech and chips into small-caps, utilities and real estate as small caps hit a fresh record, even as a weak July retail-sales report and a sinking consumer collided with a 10-year Treasury yield pushing back toward 4.70%. - [Private Equity Comes for Software and the Memory Boom Cuts Both Ways - Daily Market Wrap - Thursday, August 13, 2026](https://www.matterfact.com/newsletter/2026-08-13-market-wrap-pe-comes-for-software.md) — 2026-08-13: The session of Thursday, August 13, 2026: a Reuters report that Silver Lake wants to take Workday private set off a software rally, Cisco's record quarter got punished anyway, and SanDisk rode the memory supercycle, all on a day when cooler inflation kept the tape calm and pushed stocks to fresh highs. - [Cool CPI and a Neocloud Blowout Push Stocks Toward Records - Daily Market Wrap - Wednesday, August 12, 2026](https://www.matterfact.com/newsletter/2026-08-12-market-wrap-cool-cpi-hot-compute.md) — 2026-08-12: The session of Wednesday, August 12, 2026: a perfectly in-line July inflation report took a September rate hike off the table, and blowout neocloud earnings from Nebius and CoreWeave sent the AI-infrastructure complex vertical, pushing the S&P 500 within a whisker of a record as the VIX collapsed. - [Stocks Drift Lower Into CPI as On Holding Crashes and Sea Soars - Daily Market Wrap - Tuesday, August 11, 2026](https://www.matterfact.com/newsletter/2026-08-11-market-wrap-stocks-drift-into-cpi.md) — 2026-08-11: The session of Tuesday, August 11, 2026: a low-conviction, defensive tape ahead of the July inflation report, with money leaving mega-cap growth and banks for utilities and energy, small caps quietly outperforming, and a pair of earnings reports splitting the market in two. - [Oil Roars and the AI Optics Trade Cracks in a Flat Tape - Daily Market Wrap - Monday, August 10, 2026](https://www.matterfact.com/newsletter/2026-08-10-oil-roars-ai-optics-trade-cracks.md) — 2026-08-10: The session of Monday, August 10, 2026: the headline indexes barely moved, but underneath, energy stocks ripped on renewed Strait of Hormuz fears while the year's hottest trade, AI optics, cracked hard ahead of earnings. Datadog led a software bounce. - [A Jobs Shock Flips the Fed and Stocks Party Anyway - Daily Market Wrap - Friday, August 7, 2026](https://www.matterfact.com/newsletter/2026-08-07-jobs-shock-flips-the-fed-stocks-rally.md) — 2026-08-07: The session of Friday, August 7, 2026: the July jobs report didn't just miss, it went negative. Rate-hike fears evaporated, gold ripped, and blowout quarters from Atlassian, Twilio and Airbnb reminded everyone which software names are AI winners. - [Software's Ugly Earnings Day Punished Even the Beat and Raise Names - Daily Market Wrap - Thursday, August 6, 2026](https://www.matterfact.com/newsletter/2026-08-06-software-earnings-day-beat-and-raise-punished.md) — 2026-08-06: The session of Thursday, August 6, 2026: Datadog, AppLovin, HubSpot and Figma all cratered on earnings even as the S&P 500 printed a fresh 52-week high intraday, while the Dow shed 464 points on Honeywell Aerospace's brutal standalone debut and a Fed that has quietly stopped cutting. --- Related: [all newsletters](https://www.matterfact.com/newsletter.md) · [full corpus](https://www.matterfact.com/llms-full.txt)