Market Open: Stocks Rise, Oil Dips, Producer Prices Tame in July • 8/13/26

Summary

The market update covers a higher equity open after July producer prices came in flat month-over-month, cooler than expected, while initial jobless claims rose to 209,000. Oil pulled back to about $81 on China demand concerns, though TWWG Global's Amos Hawkstein warns the US Strategic Petroleum Reserve below 300 million barrels leaves the market vulnerable to supply shocks. Single-stock movers included weakness in Cisco, Cerebras, Tapestry, and Yeti, while Microsoft and Birkenstock rose.

• Stocks open higher with the Dow up 144, S&P 500 up 34, and Nasdaq up 142.
• July PPI was flat month-over-month, cooler than expected; initial claims rose to 209,000.
• Microsoft gained more than 1% and led the Dow higher, while Cisco fell 8%.
• Oil pulled back to about $81 on China demand concerns.
• Amos Hawkstein said the US Strategic Petroleum Reserve is below 300 million barrels and dangerously low.
• Cerebras fell 11% after weak quarterly revenue.
• Tapestry and Yeti traded lower, while Birkenstock jumped on better-than-expected results.