{"id":855941,"date":"2026-08-13T00:14:11","date_gmt":"2026-08-13T00:14:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/855941\/"},"modified":"2026-08-13T00:14:11","modified_gmt":"2026-08-13T00:14:11","slug":"wall-street-rises-near-a-record-as-ai-stocks-climb-and-worries-about-inflation-ease-a-bit","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/855941\/","title":{"rendered":"Wall Street rises near a record as AI stocks climb and worries about inflation ease a bit"},"content":{"rendered":"\n

NEW YORK (AP) \u2014 Wall Street finished just shy of a record Wednesday after several AI stocks reported better growth for the spring than analysts expected, while a report showed inflation across the United States was slightly less bad <\/a>last month. <\/p>\n

The S&P 500 rose 0.3% for its first gain since setting its all-time high <\/a>on Friday. The Dow Jones Industrial Average dipped 21 points, or less than 0.1%, and the Nasdaq composite climbed 0.5%. <\/p>\n

Stocks in the artificial-intelligence <\/a>technology business helped lead the way after strong profit reports bolstered hopes they can continue to deliver big-enough growth to justify the huge gains their prices have made. <\/p>\n

Super Micro Computer, which sells servers and other equipment, jumped 19% after reporting earnings per share for the latest quarter that were 84% higher than analysts expected. It also gave forecasts for upcoming profit and revenue that topped analysts’ expectations. <\/p>\n

CoreWeave, which offers AI computing power to customers over the cloud, leaped 19.3% after reporting better revenue for the latest quarter than analysts expected, along with a milder loss. CEO Michael Intrator said demand is accelerating from customers as big businesses adopt AI. <\/p>\n

CoreWeave gives its customers access to AI chips from Nvidia, and Nvidia climbed 3%. It was the single strongest force lifting the S&P 500. <\/p>\n

It’s a return to strength for AI stocks, which have been veering on a roller-coaster ride<\/a>. After surging to records, AI stocks came under pressure on worries that they shot too high. Investors wanted to see big spenders on AI prove their investments are yielding enough in profits and productivity to make them worth it. That in turn could lead to continued demand for chips and other AI infrastructure. <\/p>\n

Wall Street also got some support from easing yields in the bond market. Treasury yields fell after a report showed that U.S. consumers paid prices for gasoline, groceries <\/a>and other costs of living last month that were 3.4% higher than a year earlier. <\/p>\n

That’s higher than anyone would like, but it’s not as bad as June’s 3.5% inflation rate. <\/p>\n

The deceleration could give the Federal Reserve more leeway to hold off on hikes to interest rates. Higher rates would help keep a lid on inflation, but they would do so by making it more expensive for U.S. households and companies to borrow and forcing a slowdown in the economy. Higher interest rates also would undercut prices for stocks and other investments. <\/p>\n

The Fed’s members are notably split<\/a> about whether they should have already begun hiking interest rates. But Wednesday’s update on inflation pushed traders to pull back on bets the Fed will hike its main interest rate at its next meeting in September. <\/p>\n

Traders are betting on a 40% chance of it, down from the coin flip’s chance seen the day before, according to data from CME Group. <\/p>\n

That helped pull the yield on the 10-year Treasury down to 4.68% from 4.70% late Tuesday. It, though, still remains well above its 3.97% level from before the war with Iran, which sent oil prices and worries about inflation spiking. <\/p>\n

Oil prices swung between modest gains and losses Wednesday, and the price for a barrel of Brent crude added 0.1% to $88.98. <\/p>\n

Higher yields have already pulled long-term mortgage rates to their highest levels in a year<\/a>. That’s hurting the housing industry, and losses for homebuilders on Wednesday helped keep the market in check. <\/p>\n

D.R. Horton fell 3.3%, and PulteGroup lost 2.5%. Builders FirstSource, which sells countertops and other building materials, dropped 3.6%. <\/p>\n

All told, the S&P 500 rose 20.30 points to 7,748.50. The Dow Jones Industrial Average dipped 21.58 to 53,770.27, and the Nasdaq composite gained 143.04 to 26,588.49. <\/p>\n

In stock markets abroad, indexes dipped in Europe following a mixed showing in Asia. <\/p>\n

South Korea’s Kospi jumped 3.7% for one of the world’s bigger gains. It’s been at the center of the jarring swings for AI stocks because it’s dominated by two tech giants, Samsung Electronics and SK Hynix. <\/p>\n

___ <\/p>\n

AP Business Writers Michelle Chapman and Elaine Kurtenbach contributed to this report. <\/p>\n

Stan Choe, The Associated Press <\/p>\n

\"\"<\/a> Trader Fred Demarco, right, and Specialist Michael Pistillo, left, work on the floor of the New York Stock Exchange, Friday, Aug. 7, 2026, in New York. (AP Photo\/Yuki Iwamura) – The Associated Press <\/p>\n","protected":false},"excerpt":{"rendered":"NEW YORK (AP) \u2014 Wall Street finished just shy of a record Wednesday after several AI stocks reported…\n","protected":false},"author":2,"featured_media":855942,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[62,276,277,49,48,37099,9316,3098,176,59694,61,6495],"class_list":["post-855941","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-ca","tag-canada","tag-inflation-rate","tag-interest-rates","tag-nasdaq-composite","tag-stocks","tag-super-micro-computer","tag-technology","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/855941","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=855941"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/855941\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/855942"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=855941"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=855941"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=855941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}