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proactiveinvestors.comAUG 134 min read

S&P 500 reaches new high as AI trade roars back, inflation softens

Thursday, the S&P 500 hit a new intraday high near 7,777 as technology stocks led an AI-driven rebound, according to IG’s Chris Beauchamp. Producer prices were slightly softer, with July PPI up 4.7% y/y vs 4.9% expected. Nasdaq rose 0.5%, S&P 500 0.3%, Dow flat. Cisco shares fell over 7% despite AI-related results.

Original reporting
proactiveinvestors.com
Published Aug 13, 2026, 4:00 PM UTC
Analysis
alphai AI DeskAI-generated
Added to alphai Aug 13, 2026, 4:14 PM UTC. Informational, not investment advice.
How this was made
alphai summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
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S&P 500 reaches new high as AI trade roars back, inflation softens — source image
Source · proactiveinvestors.com
Decision brief

The 30-second read

Med
01

Why it matters

Softer PPI and prior CPI cooling are used to justify fading September hike bets, which typically benefits long-duration growth and AI infrastructure beneficiaries. However, jobless claims are above estimates and Fed dissent is described as unresolved, keeping volatility risk elevated.

02

Market read

This is a macro-driven market wrap: softer PPI and mixed labor data are used to explain a renewed AI-led rally, with attention shifting to upcoming PPI and jobless claims.

03

What to watch

Oil and Middle East risk are flagged as a potential swing factor, which can quickly reintroduce inflation pressure and pressure growth multiples.

Relevance 4/10Novelty 5/10Timing: midday Thursday, ahead of PPI and initial jobless claims

Background

The article frames a US market rally around softer wholesale inflation (PPI) and ongoing debate about the Fed’s next rate move.

Market effects

Sector

Supports a rotation back into expensive AI-linked growth, while keeping rate-hike odds sensitive to inflation prints.

Regional

Primarily US risk assets, with spillover to global tech and rates-sensitive growth exposures.

Global

Inflation and Fed-path expectations drive cross-market duration and tech multiples globally.

Counterpoint

What could challenge this read

The jobs data is mixed and Fed policy divergence remains, so the rally could fade if labor re-accelerates or inflation surprises higher again.

Key entities

  • index
    S&P 500

    Reported to reach a new intraday high around 7,777 as tech leads on renewed AI optimism.

  • company
    Cisco

    Shares down more than 7% despite AI-driven revenue surge and strong outlook, cited as weighing on the tech sector.

  • company
    Cerebras

    Beat expectations and pointed to strong AI infrastructure demand, but investors sold the stock in extended trading.

  • company
    Applied Materials

    Supplies chipmaking equipment and is scheduled to report after the close, with the article noting a high bar after a 190% gain over the past year.

  • company
    Tapestry

    Scheduled to report, framed as a read on how retailers handle tariff refunds.

Read at source← All news

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