Market Brief 26 August, 2024

Good evening, investors and traders!

The markets experienced a mixed performance today, with the S&P 500 Index (GSPC) closing down by 0.37% and the Nasdaq 100 Index (NDX) closing down by 0.99%. The top movers were in the crypto space, with Huobi Token (HT) surging by 94.7% and Toncoin (TON) plummeting by 20% following the arrest of Telegram CEO Pavel Durov. The news cycle was dominated by the arrest of Durov, with many prominent figures expressing concern over the implications for free speech and privacy. Overall, the market remains volatile, with investors closely watching the Fed's next move on interest rates.