US Stocks Gain on Softer PPI Data

2026-08-13 20:10 By Isabela Couto 1 min. read

US stock indices closed higher on Thursday after soft price data consolidated bets on a Federal Reserve rate hold next month.

The S&P 500 rose 0.6% to a new record, while the Nasdaq jumped 1.1%, also nearing it's all-time closing high, and the Dow added 70 points.

Headline and core producer prices were lower than expected in July, in line with yesterday’s tame CPI report and easing recent concerns over hawkish signals from FOMC members.

Chip stocks extended gains from yesterday, tracking their South Korean counterparts.

Reports that Anthropic is pursuing an IPO and seeking to acquire Decart AI for $6 billion continued to support the outlook for AI-related spending.

Micron (+4.2%), Intel (+%), and Marvell (+3.6%) rose, while Sandisk surged 13.7%.

In contrast, Cisco slumped 8.4% after projecting a slowdown in sales tied to AI data centers this fiscal year.

Bank and industrial stocks also pulled back, with Bank of America (-1.1%) and RTX (-1%) falling, limiting gains for the Dow.



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The Dow Jones Index Closes 0.11% Higher
The Dow Jones Index went up by 58 points or 0.11 percent on Thursday to close at 53828 points. The rise was led by Merck (2.00%), Nike (1.90%) and Visa (1.51%). On the downside, the weakerst performers were Cisco Systems (-8.77%), UnitedHealth (-1.57%) and McDonalds (-1.23%).
2026-08-13
US Stocks Gain on Softer PPI Data
US stock indices closed higher on Thursday after soft price data consolidated bets on a Federal Reserve rate hold next month. The S&P 500 rose 0.6% to a new record, while the Nasdaq jumped 1.1%, also nearing it's all-time closing high, and the Dow added 70 points. Headline and core producer prices were lower than expected in July, in line with yesterday’s tame CPI report and easing recent concerns over hawkish signals from FOMC members. Chip stocks extended gains from yesterday, tracking their South Korean counterparts. Reports that Anthropic is pursuing an IPO and seeking to acquire Decart AI for $6 billion continued to support the outlook for AI-related spending. Micron (+4.2%), Intel (+%), and Marvell (+3.6%) rose, while Sandisk surged 13.7%. In contrast, Cisco slumped 8.4% after projecting a slowdown in sales tied to AI data centers this fiscal year. Bank and industrial stocks also pulled back, with Bank of America (-1.1%) and RTX (-1%) falling, limiting gains for the Dow.
2026-08-13
Chip Producers Return to Market Lead
US stocks remained mostly higher on Thursday after soft price data consolidated bets of a Federal Reserve rate hold next month. The S&P 500 rose 0.5% to a new record and the Nasdaq jumped 0.8%. Headline and core producer prices were lower than expected in July, aligned with the tame CPI report from yesterday and limiting recent concerns of hawkish signals by FOMC members. Chip stocks extended gains from yesterday, tracking counterparts in South Korea. Reports that Anthropic is chasing an IPO and is aiming to acquire Decart AI for $6 billion continued to underpin the outlook for compute expenditures. Micron, Intel, and Marvel rose more than 6%, while Sandisk surged 15%. In turn, Cisco slumped 8% after it projected a slowdown in sales tied to AI data centers for this fiscal year. Also, bank holdings and industrial companies pulled back with Bank of America and RTX each dropping 1.5%, pressuring the Dow to below the flatline.
2026-08-13