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S&P: Disruptions in the Strait of Hormuz are expected to lead to higher energy prices and have a moderate impact on the Portuguese economy in 2026.
S&P affirmed Portugals A+/A-1 rating; the outlook remains positive due to strong economic growth.
S&P affirms Jordans BB-/B rating; outlook stable.
The Dow Jones Industrial Average closed down 10.10 points, or 0.02%, at 53,559.34 on Friday, August 28; the S&P 500 closed down 19.52 points, or 0.25%, at 7,711.47; and the Nasdaq Composite closed down 138.93 points, or 0.52%, at 26,402.42.
August 29th - U.S. stocks closed on Friday with the Dow Jones Industrial Average down 0.02%, the S&P 500 down 0.25%, and the Nasdaq Composite down 0.52%. Marvell Technology (MRVL.O) fell 10.28%, Nvidia (NVDA.O) fell 4.57%, Intel (INTC.O) fell 2.85%, and Tesla (TSLA.O) fell 1.71%; Amazon (AMZN.O) rose 3.97%, Google (GOOG.O) rose 1.74%, and Apple (AAPL.O) rose 1.63%. The Nasdaq China Golden Dragon Index rose 0.44%, Alibaba (BABA.N) rose 2.21%, and Baidu (BIDU.O) rose 0.19%.