STOCK BUBBLES

US market on August 28, 2026: 357 up, 600 down, Elastic leads

The session closed without a clear winner: 357 of 982 stocks higher, 600 lower and 25 flat, a ratio of 0.59 to one. Weighted by market capitalisation the whole set moved -0.3%, while the median stock fell 0.5% — the two agree.

100 stocks moved more than 5% — 7 up, 93 down — and 11 of those cleared 10%. 16 names closed at a fresh twelve-month high and 8 at a twelve-month low. Total turnover across the set came to $538.1bn.

Elastic led the session at +19.3%, closing on $99.91, ahead of The Gap at +12.9% on $23.48, Solstice Advanced Materials at +12.8% on $63.53. The other end belonged to Rubrik at -13.1% on $93.05, PayPal Holdings at -12.7% on $53.66, IREN at -12.5% on $35.45.

By sector, strongest to weakest: Consumer +1.3%, Communication +1.0%, Financials +0.2%, Energy +0.2%, Healthcare -0.5%, Real Estate -0.5%, Utilities -1.2%, Industrials -1.2%, Materials -1.3%, Technology -1.3%. The spread between the best and the worst reading came to 2.6 points, with 154 companies in Consumer and 156 in Technology.

4 of the 10 sectors finished higher, covering 368 of the companies here; the 6 that fell hold 614. Consumer and Technology pulled hardest in opposite directions.

Money concentrated in Nvidia ($42.4bn), Micron Technology ($21.4bn), Microsoft ($15.0bn) — together 14.6% of everything traded across 982 companies.

Against their own thirty-day averages, turnover stood out in Affirm Holdings (8.9×), Tenable (7.5×), Sunbelt Rentals (6.3×).

Reporting next session: Dick's Sporting Goods, HEICO, Intuit, Semtech, Zoom Communications. None of them had reported as of this close, so nothing above reflects their figures.

All figures are daily closing bars for the 982 companies in the set, measured against the previous close. The running session is never included.

This text was generated automatically from the closing data for August 28, 2026. It contains no forecasts and no investment advice — only what the numbers say. Do your own research.