[FLASH] S&P 500 closes at a record 7,798.99 as softer wholesale inflation cuts September rate-hike odds
US equities closed higher on 2026-08-13, the S&P 500 finishing at a record 7,798.99, up about 0.6% and trading above 7,800 intraday for the first time, the Nasdaq Composite up 0.81% to 26,803.03 and the Dow up 0.13% to 53,839.99. A softer-than-expected wholesale inflation print reduced the market-implied probability of a September rate hike from about 55% a week earlier to under 35%. Meta, Micron and Netflix were among the names leading the Nasdaq, so a broad beta lift sits underneath most single-name moves recorded on the session.