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Informist, Thursday, Aug. 13, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: Nasdaq, S&P 500 close higher as tech stocks rebound

 

MUMBAI--0745 IST--US indices ended mixed with the Dow Jones Industrial Average falling for the third trading session in a row. The technology-heavy Nasdaq Composite and the broader market S&P 500 closed higher after ending the red for two straight session due to gains in stocks linked to artificial intelligence. 

 

On the sectoral front, eight of the 11 S&P 500 sector indices ended in the green. The S&P 500 Real Estate and the S&P 500 Information Technology performed the best and closed 1.07% and 106% higher, respectively. 

 

The US retail inflation rate dipped 3.4% on year for July, a tad lower than 3.5% for June. The index for energy increased 14.7% on an yearly basis and the gasoline index rose 24.6% over the same period. Core inflation, which excludes the volatile food and energy prices, rose 2.5% on year 0.2% on month. Inflation remains, however, remains above the Federal Reserve's 2% target. 

 

"Even though there's going to be another release before the September meeting, I think there's already enough here to take that September hike off the table," State Street economist Simona Mocuta was quoted as saying by The Wall Street Journal. The probability of rates being unchanged at the September policy stood at 59.9%, up from 51.6?rlier. 

 

Following were the closing levels of major US indices Wednesday:

 

Index	Level	Change in %
Dow Jones Industrial Average	53770.27	(-)0.04
NASDAQ Composite	26588.48	0.54
S&P 500	7748.50	0.26

 

(Ruchira Kagita)

 

US$1 = INR 95.33

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Akul Nishant Akhoury

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

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