S&P 500 Hits Record High Despite Hot Wholesale Inflation

The S&P 500 rose 0.4% to an intraday record of 7,816.70 on August 13, 2026. This came even as BLS data showed July core PPI services (final demand services less trade, transportation, and warehousing) rose 0.6%. That figure points to persistent upstream price pressure in non-goods categories — yet investors still pushed stocks to all-time highs.