Markets News, Aug. 24, 2026: Nasdaq, S&P 500 Close Lower to Begin Week as Chip Stocks Sink; Bitcoin Nears $80,000

Markets News, Aug. 24, 2026: Nasdaq, S&P 500 Close Lower to Begin Week as Chip Stocks Sink; Bitcoin Nears $80,000 Aaron Rennie Mon, August 24, 2026 at 6:50 AM EDT 5 min read ^DJI ^IXIC BTC-USD ^GSPC 005930.KS Bitcoin hit near $80,000 Monday, continuing its recent rise. Credit: ANGELA WEISS / AFP via Getty Images The S&P 500 and Nasdaq Composite started the week lower as semiconductor stocks dropped. Meanwhile, crude prices fell as investors took in stride new U.S. sanctions on Iran. The tech-focused Nasdaq and benchmark S&P 500 were down a respective 0.6% and 0.2% on Monday. The blue-chip Dow Jones Industrial Average was 0.3% higher. More from Yahoo Scout All three major U.S. stock indexes finished higher Friday, with the Dow adding more than 500 points, though they were lower for the week . The S&P 500 and Nasdaq had their first losing weeks in four, while the Dow posted its second consecutive losing week. The Roundhill Memory ETF (DRAM) ended the day down nearly 6%, with components Sandisk (SNDK), Western Digital (WDC), SK Hynix (SKHY), Micron Technology (MU), and Seagate Technology (STX) finishing sharply lower. Samsung Electronics, its largest holding , dropped nearly 9% in South Korean trading. The broader iShares Semiconductor ETF (SOXX) closed more than 2.5% lower as components Marvell Technology (MRVL), Intel (INTC), Advanced Micro Devices (AMD), and Applied Materials (AMAT) pulled back. Crude oil prices remained lower as investors mulled the Treasury Departme…