Live Markets: Wall Street equities climb after inflation data

Cisco Systems

13/08/2026 15:16

Main U.S. equity indexes rise
Tech leads sector gainers; Energy is biggest loser
Euro STOXX 600 index up ~0.2%
Dollar, gold dip; U.S. crude down >3%; bitcoin up slightly
U.S. 10-year Treasury yield slides to ~4.61%
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WALL STREET EQUITIES CLIMB AFTER INFLATION DATA 
Wall Street's three main indexes are gaining ground on Thursday after July's latest inflation reading. 
Most of the S&P 500's 11 major industry indexes were advancing with technology .SPLRCT , real estate .SPLRCR and communication services .SPLRCL leading the charge with gains of 1% or more. The biggest decliner is energy .SPNY, which is down more than 1%.
Big drags from individual stocks are from Cisco Systems CSCO.O, off about 7%, after its revenue forecast for 2027 didn't meet lofty investor expectations, and Tapestry TPR.N, which is tumbling 15% after it forecast disappointing annual sales growth. 
Technology is by far the biggest sector boost with both chips and software gaining. The Philadelphia Semiconductor Index .SOX and the S&P 500 Software and Services Index .SPLRCIS are both up more than 1.5%. The S&P growth index .IGV is up 0.8%, surpassing a roughly 0.5% advance in the S&P 500 value index .IVX. 
Here is your morning snapshot from 10:05 a.m. ET (1405 GMT): 
(Sinéad Carew)
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EARLIER ON LIVE MARKETS:
S&P 500 FUTURES EDGE UP, YIELDS EASE AFTER TAME PPI READING CLICK HERE
DIESEL NOT CRUDE 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
     

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