Stock Market Update Thursday August 13, 2026 S&P 500 Reaches New Record High Amid Easing Inflation Pressures The S&P 500 closed at a fresh all-time high on Thursday, briefly breaking above the 7,800 level for the first time during intraday trading. The broader equity market rallied following the latest inflation data, with wholesale producer prices unexpectedly remaining unchanged in July, coming in below consensus expectations.
The softer-than-anticipated producer inflation reading reinforced expectations that the Federal Reserve will maintain its current policy stance rather than resume tightening at its September FOMC meeting. Falling inflation pressures, combined with resilient equity momentum, continued to support a risk-on tone across financial markets.
Away From Stocks: Treasury Yields: Edged lower, with the 10-year Treasury yield declining to approximately 4.65% as expectations for additional Fed tightening diminished. U.S. Dollar: Traded largely sideways with a modest downside bias, holding near the 99.8 level.
Gold: Declined sharply, falling more than 1.3% to approximately $4,407 per ounce as safe-haven demand eased amid stronger risk appetite. Oil: Came under significant pressure amid renewed concerns over global demand. Brent crude fell more than 2% to around $87 per barrel, while WTI declined to approximately $81 per barrel. Bitcoin: Posted a modest rebound, trading mostly flat to slightly higher near $63,382 as risk sentiment improved. VIX: Fell to fresh yearly lows near 14.4, reflecting subdued market volatility and declining investor anxiety.
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