On August 25, 2025, U.S. stock markets closed lower as investors anticipated AI chipmaker Nvidia's upcoming quarterly earnings and assessed the outlook for U.S. interest rates. The Dow Jones Industrial Average fell 343 points, or 0.75%, ending at 45,288.72. The S&P 500 declined 25.53 points, or 0.39%, closing at 6,441.38, while the Nasdaq Composite slipped 0.2%. Earlier in the day, the Dow was down approximately 97 points, the S&P 500 down about 10 points, and the Nasdaq down 30 points after market open. The market pullback followed a rally the previous week that had lifted the Dow to a record high close. Investors remained cautious as they awaited Nvidia's earnings report and monitored Federal Reserve developments, including comments from Chairman Jerome Powell hinting at a potential rate cut in September. On August 26, the market opened slightly lower with minor declines across the major indexes as traders continued to digest these factors.