S&P 500 Hits Intraday Record High of 7,816.70 Despite Hotter Wholesale Inflation

The S&P 500 rose 0.4% to an intraday record of 7,816.70 on August 13, 2026, even as BLS reported July PPI core services (final demand services less trade, transportation, and warehousing) rose 0.6%. Investors pushed equities to all-time highs despite the hot wholesale inflation print, which signals persistent upstream non-goods price pressure.