As of Thursday, August 13, 2026 (4:00 PM ET close), the S&P 500 closed at 7,798.99 — up +0.65% on the day versus Wednesday August 12's 7,748.50 close, and +0.59% WTD versus Monday August 10's 7,753.11 close. The session was a textbook cool-PPI absorption day: the morning's July Producer Price Index printed 0.0% MoM headline, with annual headline 4.7%, down from June's 5.5%. The CPI/PPI pair has printed a clean disinflation signal, reinforcing the path to a September 15-16 FOMC cut. VIX held at 14.63; TNX drifted to 4.64% (-4 bp); TLT +0.58% to $82.59; GLD -1.47% to $398.96. Communication services led (XLC +2.07%); rate-sensitive XLRE +1.42% extended; energy lagged on goods deflation (USO -1.78%). The 1-month 7,800 target is +0.01% above (effectively met); 3-month 7,900 is +1.30% above; year-end 8,000 is +2.58% above.