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Workday shares jump 18% after takeover talks, while the S&P 500 closes at a record 7,798.99 following a flat July PPI and modest CPI, easing rate‑hike worries.
The S&P 500 closed at a fresh all‑time high of 7,798.99, up 0.7%, as July producer‑price data came in flat and a Reuters report sparked an 18% surge in Workday stock【1】. The move eased market concerns about another Federal Reserve rate hike in September.
| At a glance | |
|---|---|
| S&P 500 close | 7,798.99 (record) |
| Nasdaq Composite | 26,803.03 (+0.8%) |
| July PPI (MoM) | 0.0% vs. 0.2% expected【2】 |
| Workday (WDAY) gain | +18% after takeover rumor【1】 |
July’s producer‑price index (PPI) showed no change month‑over‑month, missing the 0.2% rise economists had forecast【2】. Core PPI, which strips out food and energy, rose 0.2%, also below the 0.3% consensus. The flat headline PPI followed a July CPI that rose 0.1%, exactly on target【2】. Together, the milder readings trimmed expectations for a September rate increase, with CME’s FedWatch tool showing the probability of a steady‑rates decision falling to 35% from 40% earlier in the day【1】.
Equity indices responded positively: the S&P 500 added 0.65% to breach the 7,800 barrier for the first time, while the Nasdaq gained 0.81% and the Dow edged up 0.13%【2】. Treasury yields slipped, with the 10‑year yield falling to 4.65% from 4.67% before the data【1】, reflecting reduced demand for higher‑rate‑sensitive bonds.
Workday (WDAY) surged 18% after Reuters reported that private‑equity firm Silver Lake was in talks to acquire the HR‑software company【1】. The jump made Workday the top performer on both the S&P 500 and Nasdaq 100 for the session. Despite the rally, Workday remains more than 3% below its year‑to‑date peak【1】. The broader technology sector also posted gains, with memory‑chip stocks like SanDisk and Western Digital rising 4%‑14% and the “Magnificent Seven” largely in the green, except Nvidia【1】.
The record‑setting S&P 500 underscores how a modest easing in inflation can revive equity buying, but the market remains sensitive to any shift in the Fed’s policy outlook and to corporate‑specific catalysts like Workday’s potential acquisition.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 3 outlets · Aug 14, 2026 · How we report
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