US Stock Market Weekly Trading Outlook For August 24-28; Will Dow Jones, Nasdaq, S&P 500 End August Bullish?

The US stock market's weekly trading outlook is modestly cautious from August 24th to August 28th, which is the last trading week of the current month. AI giant Nvidia will be in focus due to its quarterly results, followed by Hyperliquid, Salesforce, and HP Inc. among other companies. A host of economic data, like Q2 GDP, initial jobless claims, retail inventories, trade balance, and ADP weekly employment change data, will contribute to the overall sentiment. Last week, all three indices on Wall Street ended on a bearish tone.

US Stock Market Weekly Trading Outlook For August 24-28:

"I will provide an overall "modestly cautious" forecast for stocks next week, since the end of summer tends to be seasonally week time for markets, on top of continued uncertainty amid the Iran conflict, all while bond yields appear to be resuming their selloff," said Jim Ferraioli, Director of Digital Currencies Research and Strategy for the Schwab Center for Financial Research.

What could change his forecast? He said, "While there are certainty risks, many of these risks have been in place all year, and amid a strong backdrop of earnings growth across the entire US stock market, strong economic data, it wouldn't surprise me if the market continued to look through the risks."

For the overall global market, Kruti Shah, Quant Analyst, Equirus Securities said, "a softer DXY, Treasury yields and firm precious metals continue to support risk assets, although elevated crude prices remain a key monitorable. The recent correction appears more positioning-led than fundamentally driven, and any stabilization in global cues could trigger a tactical rebound."

Dow Jones, Nasdaq Composite, S&P 500 Index Weekly Performance

During the trading week of August 17-21, the Dow Jones tumbled 386.10 points or 0.72% and the S&P 500 index plummeted by 116.31 points or 1.49%. But the tech-heavy index, Nasdaq took the worst beating, by crashing 604.20 points or 2.3%.

At present, Dow Jones hold at 53,277 level, while Nasdaq Composite and S&P 500 index stood around 26,180 and 7,674 respectively.

The Morningstar US Total Market Index fell 1.48%. Further, Morningstar pointed out that the worst-performing sectors were industrials, down 4.23%, and utilities, down 3.65%. While large-cap stocks fell 1.48%, mid-cap stocks fell 1.82%, and small-cap stocks fell 1.46%. Also, growth stocks tumbled 2.03%, blend stocks fell 1.48%, and value stocks fell 0.76%. Of the 882 US-listed companies covered by Morningstar, 380, or 43%, were up, none were unchanged, and 501, or 57%, were down.

Key Factors To Watch Out On Wall Street From August 24-28:

Monday, August 24, 2026:

On Monday, there are no earnings scheduled. However, Chicago Fed National Activity Index will be released.

Tuesday, August 25, 2026:

Among corporate earnings, watch out for companies like Dicks Sporting Goods (DKS), Zoom Communications (ZM), and Intuit (INTU).

In economic data, stay tuned for ADP Weekly Employment Change, Philadelphia Fed Non-Manufacturing Activity, Richmond Fed Manufacturing Index, New Home Sales, and Consumer Confidence.

Wednesday, August 26, 2026:

Wednesday will be crucial for Wall Street as important economic data like MBA Mortgage Applications, Personal Income & Spending, PCE and Core PCE, Durable Goods, 2Q26 GDP (second reading), Personal Consumption, and Capital Goods Orders are scheduled to be released.

Furthermore, in quarterly earnings, Nvidia will be at the heart of center stage as investors will check out the quarterly results of the world's largest AI company amidst concerns rising for AI infrastructure spending. Other companies' results include Okta (OKTA), Crowdstrike Holdings (CRWD), Synopsys (SNPS), Veeva Systems (VEEV), Salesforce (CRM), HP Inc. (HP), and Standard Nuclear (STDN).

Thursday, August 27, 2026:

August 27th will be another major day as reports like Trade Balance, Retail Inventories, Initial Jobless Claims, and Kansas City Fed Manufacturing Activity will be released.

Companies like Dollar General (DG), Dollar Tree (DLTR), AutoDesk (ADSK), Workday (WDAY), Marvell Technology (MRVL), and Affirm Holdings (AFRM) will be in focus for their quarterly results.

Friday, August 28, 2026:

Economic data like Chicago PMI, University of Michigan Consumer Sentiment, and Preliminary Benchmark Payrolls Revision will be released on August 28.

While watch out for earnings of Hyperliquid Strategies Inc (PURR), and Hub Group (HUBG).