Market Midday: Stocks Mixed, S&P 500 Hits Record, Gen Z Pessimism • 8/13/26

CNBC's midday business news update covers a mixed market session in which the S&P 500 hit a fresh record while the Dow was dragged lower by Cisco. The report also includes wholesale inflation data, rising jobless claims, oil trading back above $82, and a CNBC survey showing deep economic pessimism among young adults. - Dow falls, dragged by Cisco shares down nearly 9%. - S&P 500 and Nasdaq rise, with the S&P 500 hitting a fresh record high. - Several financial, technology, and energy names hit all-time highs. - Producer price index came in flat month over month; core year-over-year was warmer than expected. - Initial jobless claims rose to 209,000, the highest since early July. - US crude oil traded back above $82 a barrel. - Amos Hawkstein says Gulf oil producers are investing to make the Strait of Hormuz less relevant. - CNBC survey shows 45% of young adults rate the economy as bad and 50% expect it to worsen.