Market Close: Stocks Higher, S&P 500 Hits New High, Inflation Lingers • 8/13/26
Speakers
Mike Sani
— CNBC Correspondent
Amos Hochstein
— Senior Advisor to the President for Energy and Investment
Jessica Edinger
— Anchor
Charlie Boinskoy
— Aerial Investments
Sarah Eisen
— CNBC
Summary
CNBC's market close update covers a broad stock market rise with the S&P 500 hitting a new high, lingering inflation concerns from PPI data, and higher jobless claims. The video also discusses Middle East oil infrastructure shifts and a CNBC survey showing Gen Z's deeply negative view of the US economy.
- Major averages closed higher with the S&P 500 up half a percent.
- Salesforce led the Dow higher, gaining 4%.
- Several financial, entertainment, restaurant and oil refining stocks hit all-time highs.
- Jobless claims rose to 209,000, the highest since early July.
- PPI rose 4.7% year over year, keeping inflation above the Fed's target.
- Middle East oil producers are building infrastructure to bypass the Strait of Hormuz.
- CNBC's Gen Z survey found 45% rate the economy as bad.
Ideas
Market conditions seem too benign; stay alert.
The market had a window last month for internal tensions to cause a bigger reset, but it did not happen and produced only a partial snapback. He is now on alert because conditions may seem a little too benign, suggesting complacency risk.
Middle East oil infrastructure bypasses Strait.
Saudi Arabia, the UAE and other Middle Eastern oil producers are spending billions on infrastructure to make the Strait of Hormuz eventually irrelevant because they believe the US has surrendered and cannot afford another war. This signals a structural shift in Middle East oil supply routes and risk.
Up Next
This CNBC video, published August 13, 2026, features Mike Sani, Amos Hochstein discussing SPY, USO. 2 trade ideas extracted by AI with direction and confidence scoring.
Speakers: Mike Sani, Amos Hochstein · Tickers: SPY, USO