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Wall Street Closes Mixed as Chip Slide Drags NasdaqThe Open

Wall Street Closes Mixed as Chip Slide Drags Nasdaq

Wall Street closed mixed Monday, Aug. 24, 2026: the S&P 500 fell about 0.3% and the Nasdaq Composite dropped about 0.8% as memory-chip stocks SanDisk and Micron Technology sank, while the Dow Jones Industrial Average was the lone gainer, per Yahoo Finance. Brent and WTI crude fell roughly 2.5% on profit-taking, CNBC reported, despite new U.S. sanctions targeting Iranian oil.

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Global Macro

DHS Moves to Lock In a $103,265 H-1B Fee

The U.S. Department of Homeland Security's proposal to make the $103,265 H-1B fee permanent, published in the Federal Register on August 25, 2026, would apply to roughly 85,000 petitions annually and raise about $8.8 billion. It lands on the U.S. tech cohort where Mubadala Investment Company added positions in Q1 2026 while the Public Investment Fund retreated to four holdings.

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Sovereign & Institutional Flows

Archer Aviation Jumps 22% as Anduril Defense Deal Recasts

Archer Aviation shares rose as much as 22.1% intraday on July 20, 2026, to $5.43 from a $4.44 prior close, after Archer and Anduril Industries unveiled Thunder, an autonomous attack rotorcraft, at the Farnborough Airshow. The move re-rates Archer as a defense supplier, a shift that also bears on Mubadala Investment Company's sovereign-backed stake in the company.

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Featured Stories

  1. Archer Aviation Jumps 22% as Anduril Defense Deal Recasts

    Sovereign & Institutional FlowsArcher Aviation shares rose as much as 22.1% intraday on July 20, 2026, to $5.43 from a $4.44 prior close, after Archer and Anduril Industries unveiled Thunder, an autonomous attack rotorcraft, at the Farnborough Airshow. The move re-rates Archer as a defense supplier, a shift that also bears on Mubadala Investment Company's sovereign-backed stake in the company.

  2. Wall Street Closes Mixed as Chip Slide Drags Nasdaq

    The OpenWall Street closed mixed Monday, Aug. 24, 2026: the S&P 500 fell about 0.3% and the Nasdaq Composite dropped about 0.8% as memory-chip stocks SanDisk and Micron Technology sank, while the Dow Jones Industrial Average was the lone gainer, per Yahoo Finance. Brent and WTI crude fell roughly 2.5% on profit-taking, CNBC reported, despite new U.S. sanctions targeting Iranian oil.

  3. DHS Moves to Lock In a $103,265 H-1B Fee

    Global MacroThe U.S. Department of Homeland Security's proposal to make the $103,265 H-1B fee permanent, published in the Federal Register on August 25, 2026, would apply to roughly 85,000 petitions annually and raise about $8.8 billion. It lands on the U.S. tech cohort where Mubadala Investment Company added positions in Q1 2026 while the Public Investment Fund retreated to four holdings.

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