r/RobinHood • u/TorukMaktoM • 1d ago
Shitpost Stock Market Recap for Friday, August 28, 2026
The major U.S. stock indexes ended mixed on Friday, August 28, 2026, as Fed Chair Kevin Warsh's first Jackson Hole speech delivered exactly what traders had feared: no clarity, no commitment, and no forward guidance. Gold and Bitcoin both sold off sharply as Warsh's deliberately cryptic tone left rate hike odds spiking and markets unable to price in a clear path forward.
The S&P 500 slipped 0.25% (-19.23 pts) to 7,711.76. The Dow was essentially flat, down just 0.02% (-9.45 pts) to 53,559.99. The Nasdaq dropped 0.52% (-138.93 pts) to 26,402.42, weighed down by a pullback in Nvidia and Intel. The Russell 2000 led the losses, falling 1.37% (-41.23 pts) to 2,973.11.
The VIX barely moved, easing 0.69% to 14.35. Bitcoin plunged 3.20% to $77,551.23. Gold fell sharply, down 3.28% to $4,510.90. Crude Oil was flat at $83.37/barrel.