Bob Iaccino of Path Trading Partners breaks down the latest market moves, noting U.S. equities opening lower with Nasdaq futures leading the decline. Economic data comes in mixed as core durable goods miss forecasts while headline numbers surprise to the upside. PCE inflation and second-quarter GDP both match expectations, keeping the Federal Reserve's rate path in focus ahead of key Jackson Hole speeches. In energy, crude oil breaks below $80 as U.S. sanctions and a blockade drive a sharp drop in Iranian exports, despite ongoing diplomatic mediation. Plus, a look ahead at upcoming Treasury auctions, key tech earnings and jobless claims data.