Falling Yields and Oil Can't Save Chip Stocks: Dow Rises While Nasdaq Falls

On August 24, 2026, the Dow rose 0.28% while the Nasdaq fell 0.38%. Falling Treasury yields and declining oil prices — normally tailwinds for growth stocks — failed to lift technology shares. The divergence points to sector-specific earnings and valuation pressure in semiconductors, not a broad macro selloff. Markets now await Nvidia results as the next directional catalyst.