US Market Snapshot

What Happened

US markets traded higher on August 12, with the S&P 500 rising 0.30% to 7,751.36, the Nasdaq gaining 0.59% to 26,600.57, and the Dow Jones edging up 0.04% to 53,813.03. Investor sentiment was lifted by July inflation data that came in line with expectations and strong earnings from AI-focused technology companies, helping the S&P 500 hover near record highs and the Nasdaq outperform.