US Markets Highlights — Jul 13, 2026 | Aivina
July 13, 2026
US equity markets reached new record highs this week, with the S&P 500 and Nasdaq Composite driven by strong performance in the technology sector, particularly AI-related stocks. Softer-than-expected inflation data for May, including CPI and PPI, initially boosted investor optimism for potential Fed rate cuts. However, the Federal Reserve's updated dot plot showed a more hawkish stance, projecting only one rate cut for 2024, tempering market expectations despite progress on disinflation.
Highlights
- S&P 500, Nasdaq hit new record highs; Tech sector led gains, fueled by AI enthusiasm.
- Softer inflation data boosted market optimism; CPI, PPI came in below expectations.
- Fed's hawkish dot plot tempered rate cut hopes; One cut now projected for 2024.
Macro Overview
Inflation
May CPI flat month-over-month, 3.3% year-over-year. PPI unexpectedly declined. Core inflation cooled, indicating a disinflationary trend.
Interest Rate Outlook
Fed held rates steady. Dot plot now projects only one 25bps cut in 2024, a more hawkish shift despite recent softer inflation data.
Risk Sentiment
neutral
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