Live Markets: US stocks advance with some records

Cisco Systems

13/08/2026 21:35

S&P 500 ends up ~0.7%, Nasdaq rises ~0.8%, Dow up ~0.1%
Real Estate leads S&P 500 sector gainers; Materials weakest group
Dollar ~flat; bitcoin slips; gold down >1%, U.S. crude down >2%
U.S. 10-year Treasury yield falls to ~4.65%
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US STOCKS ADVANCE WITH SOME RECORDS
Finishing up 0.7% on Thursday, the S&P 500 .SPX marked an intraday record and then a record closing high as a tame wholesale inflation reading eased investor worries and technology .SPLRCT provided by far the biggest boost of any sector.  
The benchmark index's biggest contribution came from Apple Inc AAPL.O and memory stock Micron Technology MU.O, which rose 4%. SanDisk SNDK.O, also a memory chip company, brought a smaller index point boost, but its shares soared almost 14%. Megacaps Meta Platforms META.O, Tesla TSLA.O, Microsoft MSFT.O, and Nvidia NVDA.O were also firmly in the driver's seat. 
In S&P 500 Software and Services .SPLRCIS, Workday Inc WDAY.O was the biggest gainer with a 17% rally after Reuters reported that Silver Lake is in talks to acquire the company.
On the flip side, the S&P 500's biggest drag came from Cisco Systems CSCO.O, which sank 8.4% for its biggest one-day loss since mid-February, after its annual revenue guidance beat analyst expectations, but not by enough to impress investors. 
Seven of the S&P 500's 11 major sectors rose with communication services .SPLRCL and real estate .SPLRCR adding more than 1%, while technology rose almost 1%.
On the other side of the spectrum, materials .SPLRCM led losses with a 0.7% drop followed by more modest declines in energy .SPNY, industrials .SPLRCI and healthcare .SPXHC.  
Besides the S&P 500's 27th record finish so far in 2026, there were some other milestones. With a modest 0.6% advance, the financial services index .SPSY marked its first record close since Wednesday the week before. 
And investors were also looking beyond growth and large caps. While S&P 500 growth stocks .IGX outperformed value .IVX in daily percentage gains, both boasted record finishes on Thursday, and it was actually value's fifth record close in a row. The last time growth boasted a finishing record was last Friday, August 7. 
The S&P equal dollar weighted index .SPXEW also finished with a record for its third day in a row. On the smaller side, the S&P 400 mid-cap index .MID and the Russell 2000 small-cap index .RUT both marked their highest finishes ever. 
Meanwhile, in energy markets, oil prices settled down more than 2%, even though the prospects for peace in the Middle East were as unclear as ever. The recently appointed head of Iran's Basij paramilitary unit said on Thursday that the Strait of Hormuz is "under Iran's control and management." On Wednesday, U.S. President Donald Trump said the United States had "total control" of the strategic waterway.
Next up on the economic data front is retail sales, due out before the market open on Friday, and the University of Michigan's sentiment survey, due out 30 minutes after the trading session begins. 
Here is your closing snapshot:
(Sinéad Carew, Terence Gabriel)
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EARLIER ON LIVE MARKETS:
WAIT-AND-SEE CROWD GROWS AS BULLS EASE — AAII CLICK HERE
SOME PCE ESTIMATES INCREASE AFTER PPI CLICK HERE
WALL STREET EQUITIES CLIMB AFTER INFLATION DATA CLICK HERE
S&P 500 FUTURES EDGE UP, YIELDS EASE AFTER TAME PPI READING CLICK HERE
DIESEL NOT CRUDE IS THE BEST GEOPOLITICAL HEDGE, GOLDMAN SAYS CLICK HERE
BARCLAYS FLAGS BUYBACK BUOYANCY CLICK HERE
WHY THE DAX HAS UNDERPERFORMED THE STOXX: ENERGY AND AUTOS CLICK HERE
PRETTY CALM IN EUROPE CLICK HERE
EUROPE BEFORE THE BELL: FUTURES NUDGING HIGHER CLICK HERE
MORNING BID: FED BETS COOL, BOJ WAGERS HEAT UP CLICK HERE
     

Wall Street indexes rise with Nasdaq leading gains https://fingfx.thomsonreuters.com/gfx/mkt/xmvjxwjwovr/Pasted%20image%201786652571424.png
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