Cooling Inflation Lifts S&P 500 to Third Straight Weekly Gain

Oak Partners • August 17, 2026

Stocks were mixed over a sleepy summer week, as cooling inflation lifted markets while sluggish retail sales nipped at investor sentiment.

The Standard & Poor’s 500 Index added 0.36 percent, while the Nasdaq Composite Index edged up 0.14 percent. The Dow Jones Industrial Average slid 0.56 percent. The MSCI EAFE Index, which tracks developed overseas stock markets, advanced 0.26 percent. [1,2]

Third Straight for S&P 500

Stocks began the week with mild declines, with megacap tech names under pressure as investors anxiously awaited inflation updates. [3]

But spirits lifted midweek as a July inflation report showed consumer prices increased at a slower pace, leading investors to hope the Fed would not adjust rates at its next meeting.

The AI trade also jumped back into the driver’s seat to add momentum. The rebound rally extended into Thursday as investors cheered a cooler-than-expected report that showed wholesale inflation slowed over the prior month. Falling oil prices also gave stocks a boost. [4,5]

While stocks slipped slightly on Friday, the S&P 500 and Nasdaq each logged their third consecutive winning week. [6]

Source: YCharts.com, August 15, 2026. Weekly performance is measured from Monday, August 10 to Friday, August 14. TR = total return for the index, which includes any dividends as well as any other cash distributions during the period. Treasury note yield is expressed in basis points.

Inflation Cools, Spending Slows

Wednesday’s Consumer Price Index (CPI) report showed consumer prices rose 0.1 percent in July over the prior month and 3.4 percent over the prior 12 months. Both figures came in as expected, which was welcomed news for investors.

Thursday’s Producer Price Index (PPI) showed that the pace of wholesale inflation also slowed more than expected. [7]

But the inflation update was somewhat countered by news that consumers spent less in July. Economists expected a 0.1 percent increase in July retail sales over the prior month, but they actually fell 0.6 percent month-over-month. [8]

This Week: Key Economic Data

Monday : NAHB Housing Market Index.

Tuesday : Housing Starts. Import Prices. Industrial Production. Capacity Utilization. Pending Home Sales.

Wednesday : Fed Meeting Minutes from July published.

Thursday : Weekly Jobless Claims. Leading Indicators.

Friday : Purchasing Managers Index (PMI)--Manufacturing. PMI--Services.

Source: Investor’s Business Daily - Econoday economic calendar: August 14, 2026. The Econoday economic calendar lists upcoming U.S. economic data releases (including key economic indicators), Federal Reserve policy meetings, and speaking engagements of Federal Reserve officials. The content is developed from sources believed to provide accurate information. The forecasts or forward-looking statements are based on assumptions and may not materialize. The forecasts are also subject to revision.

This Week: Companies Reporting Earnings

Tuesday : The Home Depot, Inc. (HD), Keysight Technologies Inc. (KEYS)

Wednesday : Analog Devices, Inc. (ADI), The TJX Companies, Inc. (TJX), Lowe’s Companies, Inc. (LOW), Target Corporation (TGT)

Thursday : Walmart Inc. (WMT), Deere & Company (DE), Ross Stores, Inc. (ROST)

Source: Zacks, August 14, 2026. Companies mentioned are for informational purposes only. It should not be considered a solicitation for the purchase or sale of the securities. Investing involves risks, and investment decisions should be based on your goals, time horizon, and risk tolerance. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost. Companies may reschedule their earnings reports without notice.

"The secret of happiness isn't found in seeking more, but in developing the capacity to enjoy less."

–Socrates

Blueberries: Small but Mighty

Don't let their size fool you! Blueberries pack a serious nutritional punch. Among the most antioxidant-rich foods you can eat, they're as good for your body as they are delicious. Stir them into yogurt or cottage cheese for a quick, satisfying snack, muddle them into a glass of sparkling water for a naturally sweet drink, or fold them into homemade muffins and pancakes for a colorful, nutritious upgrade. Keep a bag in the freezer so you always have some on hand.

Tip adapted from Healthline [9]

Rest, Relaxation, and Healthy Nutrition

Here are some tips on how to stay healthy, even during long trips:

  • Before heading to the airport, pack a snack box of fruits, veggies, nuts, lean proteins, and healthy bars. This way, you won’t be tempted by chips and soda while you wait for your flight.
  • Get plenty of sleep. Like at home, getting a good night’s sleep while traveling is essential. Sleep helps your body reset for the next day and will help you maintain your weight.
  • Hydrate often.
  • Take your vitamins. A daily pill organizer can help you remember to take them, even while traveling.

There’s no reason why you must sacrifice all your hard work and healthy habits while visiting family or heading to warmer destinations. Continuing a healthy lifestyle while traveling will help you have even more fun!

Tip adapted from Sharp.com [10]

I never complain no matter where I am led; I go around in circles, yet move straight ahead. What am I?

Last Week's Riddle: Buried in wood from one end to the other, my head is exposed while I keep things together. What am I?

Answer: A nail.

Saffron-crowned Tanager (Tangara xanthocephala) Manizales, Colombia

Footnotes And Sources

1. WSJ.com, August 14, 2026 2. Investing.com, August 14, 2026 3. CNBC.com, August 11, 2026 4. CNBC.com, August 12, 2026 5. CNBC.com, August 13, 2026 6. WSJ.com, August 14, 2026 7. CNBC.com, August 12, 2026 8. WSJ.com, August 14, 2026 9. Healthline.com, April 14, 2026 10. Sharp.com, July 17, 2026

Investing involves risks, and investment decisions should be based on your own goals, time horizon, and tolerance for risk. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost.

The forecasts or forward-looking statements are based on assumptions, may not materialize, and are subject to revision without notice.

The market indexes discussed are unmanaged, and generally, considered representative of their respective markets. Index performance is not indicative of the past performance of a particular investment. Indexes do not incur management fees, costs, and expenses. Individuals cannot directly invest in unmanaged indexes. Past performance does not guarantee future results.

The Dow Jones Industrial Average is an unmanaged index that is generally considered representative of large-capitalization companies on the U.S. stock market. The Nasdaq Composite is an index of the common stocks and similar securities listed on the Nasdaq stock market and considered a broad indicator of the performance of stocks of technology and growth companies. The MSCI EAFE Index was created by Morgan Stanley Capital International (MSCI) and serves as a benchmark of the performance of major international equity markets, as represented by 21 major MSCI indexes from Europe, Australia, and Southeast Asia. The S&P 500 Composite Index is an unmanaged group of securities that are considered to be representative of the stock market in general.

U.S. Treasury Notes are guaranteed by the federal government as to the timely payment of principal and interest. However, if you sell a Treasury Note prior to maturity, it may be worth more or less than the original price paid. Fixed income investments are subject to various risks including changes in interest rates, credit quality, inflation risk, market valuations, prepayments, corporate events, tax ramifications and other factors.

International investments carry additional risks, which include differences in financial reporting standards, currency exchange rates, political risks unique to a specific country, foreign taxes and regulations, and the potential for illiquid markets. These factors may result in greater share price volatility.

Please consult your financial professional for additional information.

This content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG is not affiliated with the named representative, financial professional, Registered Investment Advisor, Broker-Dealer, nor state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information, and they should not be considered a solicitation for the purchase or sale of any security.

Copyright 2026 FMG Suite.

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