News Bulletin
Wednesday, August 12, 2026
Evening Edition

Economic Numbers:

Time	Event	Actual	Forecast	Previous
Wednesday, August 12, 2026
8:30	CPI (YoY) (Jul)	3.40%	3.40%	3.50%
8:30	CPI (MoM) (Jul)	0.10%	0.10%	-0.40%
8:30	Core CPI (MoM) (Jul)	0.20%	0.20%	0.00%
8:30	Core CPI (YoY) (Jul)	2.50%	2.50%	2.60%
10:30	Crude Oil Inventories	17.423M	-1.700M	2.479M
10:30	Cushing Crude Oil Inventories	1.611M		2.356M
13:00	10-Year Note Auction	4.68%		4.58%
14:00	Federal Budget Balance (Jul)	-432.0B	-348.3B	-120.0B

Indices

	CLOSE	50 DMA	200 DMA
DJIA	53,770.16	52,232.95	49,347.98
NASDAQ	26,588.49	25,914.91	24,145.46
S&P 500	7,748.50	7,504.02	7,064.28

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
Cisco SystemsCSCO:US	-	1.17	-	16.82B	$405.72B	PM
CoherentIIVI:US	-	1.62	-	1.98B	$52.33B	PM
Trimble NavigationTRMB:US	0.86	0.8	972M	946.51M	$14.33B	PM
Bio TechneTECH:US	0.52	0.52	321.2M	314.7M	$11.34B	AM
EnersysENS:US	-	2.82	-	928.55M	$8.54B	PM
AimcoAIV:US	-	-	-	-	$7.77B	PM
Brinker InternationalEAT:US	3.07	3.09	1.53B	1.53B	$6.57B	AM
HUBHUBG:US	-	0.29	-	941.12M	$2.70B
STAAR SurgicalSTAA:US	-	0.22	-	90.17M	$1.44B	PM
HarmonicHLIT:US	-	0.12	-	112.93M	$1.32B	PM

Market News:

U.S. stocks closed mostly higher on Wednesday after July consumer inflation figures came in-line with expectations, prompting traders to pare Federal Reserve rate hike expectations. Meanwhile, oil prices seesawed as President Donald Trump said the U.S. had "total control" over the Strait of Hormuz, even as Iran reiterated its own control over the vital waterway.

The benchmark S&P 500 index climbed 0.3% to settle at 7,749.19 points, while the tech-heavy NASDAQ Composite advanced 0.5% to conclude at 26,588.49 points. The blue-chip Dow Jones Industrial Average finished just under the flatline at 53,770.16 points.

Annual headline and core CPI moderate as expected

On Wednesday, the focus was squarely on the July consumer price index (CPI) report for further cues on monetary policy outlook. The data came after a weaker-than-expected July jobs report on Friday led to a rapid recalibration in Fed rate hike odds for September.

As per the U.S. Bureau of Labor Statistics, headline CPI ticked up 0.1% M/M in July, after falling 0.4% in June, while cooling on a Y/Y basis to 3.4% from 3.5%. Core CPI, which strips out food and energy, increased 0.2% M/M, after a flat reading in June, while also decelerating on a Y/Y basis to 2.5% from 2.6%. All four measures matched expectations.

CPI will be followed by July producer price index (PPI) figures on Thursday. While both indicators are widely followed, the Fed prefers to track the personal consumption expenditures (PCE) price index to gauge inflation. Components from CPI and PPI feed into the PCE.

For the Federal Open Market Committee (FOMC), the in-line readings likely give it more breathing room to hold interest rates steady instead of hiking, especially after the weak jobs report on Friday. Interest rate odds reflected such a move, with the CME FedWatch tool showing chances of the FOMC holding steady in September ticking up to 62% after the CPI report from 54%.

"Today’s data, in my opinion, makes it less likely we will see any hike in interest rates this year. The 2.5% core number is moving slowly in the right direction. There are more reasons to believe that the non-core number will fall going forward because of some sort of resolution with Iran that reduces the price of oil. Last week’s jobs data revealed more weakness than many thought," Peter Tuz, president at Chase Investment Counsel, told Investing.com.

"Unless things change meaningfully in the next month or two, I suspect we will end up with interest rates at year-end that look very similar to what they are today," he added.

While the July report came in-line, consumer inflation is likely to tick back up in August after global oil prices soared more than 20% last month.

Oil briefly touches $90 amid Hormuz tensions

Away from the economic calendar, the geopolitical backdrop was also in the spotlight. There appeared to be little progress towards a Middle East peace deal to reopen the critical Strait of Hormuz, with both the U.S. and Iran continuing to claim control over the vital waterway.

"The U.S.A. has total control over the Strait of Hormuz," Trump said on his Truth Social service.

Earlier, Iran’s state media on Tuesday said the country had reiterated its demands that the U.S. cease hostilities across all fronts and release frozen assets before the strait could be reopened, citing comments made by security council chief Mohsen Rezaei to the Chinese ambassador to Tehran.

"The Strait of Hormuz won’t open until the U.S. changes behavior and accepts Iran’s conditions. Any Iran-Oman transit agreement is a separate matter from the closure of the Strait," Rezaei said, according to state media.

While Kpler data showed a modest rise in confirmed vessel crossings through the strait on Tuesday, the overall mood remained one of caution, compounded by fresh attacks. Houthi rebels reported an attack on commercial shipping in the Bab el-Mandeb Strait that killed four cargo-ship crew members and two Yemeni rescuers, while the U.S. disabled a Panama-flagged vessel near the Gulf of Oman.

Against this backdrop, oil prices seesawed, with Brent crude futures, the global benchmark, last down 0.4% to $88.59 a barrel. They had hit $90.06 at their session high.

Super Micro, CoreWeave lift technology stocks

Turing to Wednesday’s active movers, CoreWeave stock soared more than 19%, ending as the second-best percentage gainer on the Nasdaq, after the artificial intelligence cloud company posted record revenues for a fifth straight quarter, underlining the soaring demand for the computing power needed to run AI systems.

Sales backlog, a measure of upcoming sales from recurring customers, also increased to $104 billion, almost double its order book in November. CoreWeave, which is backed by AI chip giant Nvidia, added that it had already secured $25 billion in net new customer commitments in the current quarter.

CEO Michael Intrator hailed what he described as the "strongest bookings quarter" in CoreWeave’s history.

The company, which purchases cutting-edge AI chips from Nvidia and then places them into data centers to be leased out later, notched overall revenue of $2.58 billion for the quarter, eclipsing estimates.

Elsewhere, Super Micro Computer jumped more than 19% and closed as the top percentage gainer on the S&P 500. The AI server maker provided fiscal full-year 2027 revenue guidance that was well above analyst estimates, providing cheer for investors especially after the company had earlier signaled soft quarterly revenue in a preliminary update released in July.

The overall S&P 500 technology sector advanced 1.1%, while the Philadelphia Semiconductor Index rose 2.5%.

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