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Market Close: Stocks Higher, S&P 500 Hits New High, Inflation Lingers • 8/13/26
CNBC Television· 2026-08-13 20:21
CNBC market close business news update Thursday. I'm Jessica Edinger. Major averages all in the green with the Dow up 69 points, a tenth of a percent.It was led higher Thursday by shares of Salesforce. They were up 4%. The S&P 500 index up 50 points.That was a half percent. The Nasdaq rose 214 points. That was 8/10en of 1%.Companies whose shares hit fresh all-time highs on Thursday include JP Morgan, Charles Schwab, US Bank Corp, and Bank of America. Live Nation Entertainment, the concert company, Olive Gar ...
US PPI Cools More Than Expected, Easing Pressure on Fed
Bloomberg Television· 2026-08-13 13:45
PPI jobless claims just crossing now. Let's head over to Michael McKee with the numbers. Well, we do have a little more clarity, and it looks good for those who want to keep the Fed on hold.PPI for final demand is flat on the month after just a one tenth fall in the month of June, and that is revised lower from a negative three tenths. Ex food and energy up two tenths. The forecast was for three tenths.Now ex food and energy was revised up for June to four tenths. And then the core core, the PPI ex food, en ...