Back to today’s briefing

Story perspectives

S&P 500 Hits Record 7,798.99 as Yields Fall

8/14/2026

36 3 Full Breakdown

Summary

Story summary

S&P 500 closed at a record 7,798.99 points on August 13, 2026.
July PPI was flat, up 4.7% YoY, while core PPI rose 0.2% versus a 0.3% forecast.
AI stocks surged, with SanDisk up 13% and Micron up 4.2%.
FedWatch odds of a September rate-hold rose to about 65% from roughly 50%.
The 10-year Treasury yield fell to 4.61%, prompting analysts to warn the rally depends on easing inflation and AI earnings.

History

Historical Context

The Nasdaq Composite hit 5,048.62 on March 10 2000, topping the dot-com boom that later collapsed with the Enron scandal and September 11 attacks, sending the index down 39% that year. On August 13 2026 the S&P 500 closed at 7,798.99, lifted by AI firms SanDisk and Micron, echoing the 2000 tech rally and drawing Federal Reserve and Treasury scrutiny of inflation and rates.

1 of 2

Story summary

S&P 500 closed at a record 7,798.99 points on August 13, 2026.
July PPI was flat, up 4.7% YoY, while core PPI rose 0.2% versus a 0.3% forecast.
AI stocks surged, with SanDisk up 13% and Micron up 4.2%.
FedWatch odds of a September rate-hold rose to about 65% from roughly 50%.
The 10-year Treasury yield fell to 4.61%, prompting analysts to warn the rally depends on easing inflation and AI earnings.

1 / 2