--- title: US Market Summary for August 13, 2026 description: US stocks hit record highs as inflation cools and oil prices drop. Key earnings reports from Nvidia, Cisco, and Workday shape market sentiment. image: https://resources.quantel.ai/hubfs/Partners%20images/iStock-2260783305.jpg --- [![quantel_mainlogo](https://resources.quantel.ai/hubfs/quantel_mainlogo.png)](https://www.quantel.ai/) - [For Investors](https://www.quantel.ai/investors/) - [For RIAs](https://www.quantel.ai/rias/) - [Resources](https://www.quantel.ai/resources/) - [About](https://www.quantel.ai/about/) [Get Started Today](https://myaccount.quantel.ai/) [Get Started Today](https://myaccount.quantel.ai/) false # US Market Summary for August 13, 2026 [BACK](https://resources.quantel.ai/) By   Quantel AI Aug 13, 2026, 6:10:16 PM | 1 mins [![](https://resources.quantel.ai/hubfs/Social_Icons/linkcopy_icon.svg)](https://resources.quantel.ai/daily-market-summary/?rel=author) ![Featured image](https://resources.quantel.ai/hubfs/Partners%20images/iStock-2260783305.jpg) #### Market Overview US stocks surged to record highs today, buoyed by a decline in oil prices and easing inflation concerns. The S&P 500 closed at a record high, reflecting investor optimism as inflation data showed signs of cooling. #### Earnings In earnings news, Cathie Wood significantly increased Ark Invest's stake in Nvidia by 24%, purchasing $59.9 million worth of shares ahead of the company's earnings report. Meanwhile, Cisco's shares fell 8% despite beating earnings expectations and providing stronger-than-expected guidance, as investors were not satisfied with the results. Workday's stock experienced a remarkable 18% surge, marking its best day in a decade, following reports of a potential takeover by Silver Lake. This news has sparked excitement among investors, who are hopeful for a revival in the software sector. On the downside, Cellebrite's shares plummeted 29% after the company missed earnings expectations and cut its revenue guidance for 2026, citing delays in large transactions and increased demand for cloud and AI services. #### Macroeconomics Today's market rally was largely driven by softer wholesale and consumer inflation figures, which eased pressure on the Federal Reserve regarding interest rate hikes. This positive economic data has contributed to a more favorable outlook for investors. #### Corporate News In corporate developments, the S&P 500 saw a notable increase in CEO pay, attributed to compensation plans inspired by Elon Musk. This trend reflects a broader shift in corporate governance and compensation structures across major companies. Additionally, Reddit's stock jumped following its inclusion in the S&P 500, highlighting the growing interest in tech and social media companies within the index. #### Outlook Looking ahead, the market sentiment remains optimistic as inflation appears to be stabilizing, and corporate earnings continue to show resilience. Investors will be closely monitoring upcoming economic data and corporate earnings reports to gauge the sustainability of this upward trend. ### EXPLORE MORE POSTS [![US Market Summary for August 27, 2026](https://resources.quantel.ai/hubfs/Partners%20images/iStock-2260783305.jpg)](https://resources.quantel.ai/daily-market-summary/us-market-summary-2026-08-27) #### US Market Summary for August 27, 2026 #### Market Overview The US stock market closed higher on Thursday, driven by... 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