News Bulletin
Friday, August 14, 2026
Evening Edition
Economic Numbers:
|
Time |
Event |
Actual |
Forecast |
Previous |
|
Friday, August 14, 2026 |
||||
|
8:30 |
Core Retail Sales (MoM)
(Jul) |
-0.30% |
0.20% |
-0.20% |
|
8:30 |
Retail Sales (MoM)
(Jul) |
-0.60% |
0.10% |
0.20% |
|
8:30 |
Retail Control (MoM)
(Jul) |
-0.40% |
0.30% |
0.40% |
|
13:00 |
U.S. Baker Hughes Oil Rig Count |
455.00 |
|
454.00 |
|
13:00 |
U.S. Baker Hughes Total Rig Count |
593.00 |
|
588.00 |
|
15:00 |
U.S. President Trump Speaks |
|
|
|
Indices
|
|
CLOSE |
50 DMA |
200 DMA |
|
DJIA |
53,732.53 |
52,344.00 |
49,411.96 |
|
NASDAQ |
26,729.16 |
25,906.16 |
24,178.79 |
|
S&P 500 |
7,785.76 |
7,512.35 |
7,073.35 |
Earnings Calendar:
(EPS: Earning Per Share / Rev: Revenue / Mkt Cap: market Capital/ BMO: Before Market Opening /AMC:
After Market Close)
|
COMPANY |
EPS Act |
EPS
Fore |
Rev
Act |
Rev
Fore |
Mkt Cap |
Time |
|
AimcoAIV:US |
- |
- |
- |
- |
$6.48B |
PM |
|
HUBHUBG:US |
- |
0.29 |
- |
941.12M |
$2.62B |
|
|
BuckleBKE:US |
- |
0.89 |
- |
315.66M |
$2.22B |
AM |
Market News:
Wall Street ended slightly lower on
Friday, with market participants digesting an unexpectedly weak retail sales
report. The main indexes put in a mixed weekly performance, though the
benchmark S&P 500 index advanced after a string of economic data helped to
reduce Federal Reserve rate hike expectations.
The S&P inched lower by 0.2% to
close at 7,785.15 points, the tech-heavy NASDAQ Composite slipped 0.3% to
settle at 26,729.16 points, and the blue-chip Dow Jones Industrial Average shed
0.2% to conclude at 53,732.53 points.
For the week, the S&P was up 0.4%,
while the Nasdaq added 0.1%.
The Dow declined 0.6%.
Inflation and retail sales data boosts
Wall Street to a record
Much of the focus this week was on key
U.S. inflation data and on Friday’s retail sales for cues
about monetary policy outlook. The indicators have painted a picture of
moderating price pressures and a slowdown in consumer spending, and, coupled
with an unexpectedly weak jobs report last week, have taken the pressure off
the Fed to immediately tighten policy.
Wednesday’s consumer price index (CPI)
readings showed a deceleration in annual headline and core figures in July.
Thursday’s producer price index (PPI) echoed a similar trend, with annual
headline and core indexes ticking up at a slower pace.
On Friday, the U.S. Census Bureau said
retail sales in July fell 0.6% M/M to $763.6 billion, compared to a consensus
estimate for a rise of 0.1%. Core retail sales decreased 0.3% M/M, versus a
forecast of 0.2%.
Rate-sensitive U.S. Treasury yields
slipped on Wednesday and Thursday after the CPI and PPI data as traders snapped
up bonds. Yields bounced back on Friday, moving the benchmark 10-year yield
into positive territory for the week, but the shorter-end 2-year yield was
still set for a weekly loss.
The fall in rate hike bets also helped
Wall Street hit a record high this week, with the S&P topping 7,800 points
for the first time ever on Thursday.
Separately on Friday, the University of
Michigan said U.S. consumer sentiment slipped to 51 in August from 55.2 in
July, ending two consecutive months of improvement. Year-ahead inflation
expectations ticked up to 4.3% from 4.2%.
Chip stocks cool off
Looking away from the economic calendar,
the technology sector was another major theme for the week. After sliding in
June, the artificial intelligence trade made a strong comeback at the end of
July and into the beginning of August. Chip stocks, which have been the primary
driver of the AI trade, logged a stellar start to this month after a more than
20% slide in July. They lost steam this week amid a lack of major AI-related
earnings, though they still eked out gains.
The tech stories of the week included Sandisk, which jumped nearly 14% on Thursday after the
memory major provided an upbeat long-term outlook at an analyst event, and the
stock continued that momentum into Friday, rising 7.4%. Memory peers Western Digital and Micron Technology also rose.
On the other hand, Cisco Systems slid on
Thursday, after the networking equipment giant’s
strong quarterly results were overshadowed by sky-high expectations. Similarly
lofty projections weighed on shares of Applied Materials on Friday, despite the
chipmaking tools supplier outlining plans to ramp up
manufacturing to satisfy runaway AI-driven demand.
Notably, Nvidia
made some news in the AI space this week. The world’s largest company signed
memorandums of understanding to mobilize a staggering $500 billion in
third-party capital for AI infrastructure, teaming up with some of the biggest
players in global finance: Apollo, BlackRock,
Blackstone, Brookfield, Goldman Sachs, and KKR. Nvidia
stock notched a weekly gain of 0.5%.
Oil advance weighs on the market
Turning to the Middle East, a weekly
climb in oil prices weighed on Wall Street. Brent crude futures, the global
benchmark, were last up 1.8% to $88.60 a barrel, and had added 5.9% for the
week.
The rise was driven by an ongoing
impasse between the U.S. and Iran over control of the critical Strait of
Hormuz. Both sides have independently asserted authority over the vital
waterway, with Tehran insisting that Washington meet certain demands including
the cessation of hostilities on all fronts and the unfreezing of Iranian assets
before the chokepoint can be reopened.
The U.S. is now considering maintaining
its naval blockade of Iran indefinitely as efforts to end the conflict and
restore normal shipping through the strait remain stalled. Tanker traffic
through the corridor has slowed to a trickle, leading to concerns about oil
supply disruptions. Those worries have been compounded by attacks on ships in
the Bab el-Mandeb Strait - another key Gulf shipping
lane - by Iran-backed Houthis in Yemen.
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