Bullish
S&P 500 hits record high of 7,798.99 amid easing inflation and falling oil prices.
The S&P 500 reached a new all-time high of 7,798.99 on August 13, 2026, driven by easing inflation concerns and a 2.1% decline in Brent crude oil prices. The July wholesale inflation rate fell to 4.7%, down from 5.5% in June, reducing expectations for imminent Federal Reserve interest rate hikes.
Key points
- S&P 500 closes at record high of 7,798.99, up 0.7%.
- July wholesale inflation rate drops to 4.7%, easing rate hike concerns.
- Brent crude oil prices decline by 2.1%, impacting energy sector.
Sources
AI-generated from public news sources. Not financial advice.
