{
  "id": 773226,
  "title": "Wall Street tries to shake off a rough week as another inflation test looms",
  "url": "https://urgent.news/2026/08/13/wall-street-tries-to-shake-off-a-rough-week-as-another-inflation-test",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-13T13:45:19.000Z",
  "source": {
    "name": "Fortune",
    "slug": "fortune",
    "url": "https://fortune.com/2026/08/13/markets-ppi-inflation-netflix-ackman/"
  },
  "original_language": "en",
  "account": "As Wall Street attempts to recover from a challenging week, markets are preparing for another round of inflation data on Thursday. U.S. stock market futures showed mixed gains, with the Dow Jones Industrial Futures up 0.2% to 53,978.00, the S&P 500 futures up 0.2% to 7,784.50, and the Nasdaq Futures up 0.1% to 29,877.25. These figures all indicate a slight dip from the previous week.\n\nThe Labor Department will release the Producer Price Index (PPI) on Thursday, which is a key indicator of inflation before it impacts consumers. The PPI was recently reported to have risen by 3.4% in July from a year ago, a slight decline from the 3.5% increase in June. The inflation rate had previously fallen to 2.4% before the Iran war. On a monthly basis, prices increased by only 0.1% from June to July.\n\nDespite the overall market fluctuations, technology shares are showing resilience, with stocks rising early on Thursday. Cisco Systems, however, faced a 6% decline after reporting its fourth-quarter financial results. The company's sales have surged due to the growing demand for artificial intelligence, but investors may be taking profits as the company's stock has already risen by 61% this year.\n\nAI-related stocks have experienced volatility in recent times, and investors are seeking evidence that the significant investments made by tech companies will yield positive results. Netflix, for instance, saw its shares increase almost 2% before the market opened following the announcement by Bill Ackman's Pershing Square of a substantial stake in the streaming giant. Pershing Square had previously exited a $1 billion investment in Netflix due to losses, but now believes the company has \"effectively won the streaming wars.\"\n\nIn global markets, France's CAC 40 gained 0.2% to 8,694.25, Germany's DAX rose 0.5% to 26,465.94, while Britain's FTSE 100 fell 0.3% to 10,800.26. Japan's Nikkei 225 advanced 1.2% to close at 68,308.59, and South Korea's Kospi jumped 3.6% to 6,813.34, driven by a surge in Samsung Electronics shares (up 4.9%). Computer chipmaker SK Hynix also gained 9%. Hong Kong's Hang Seng, however, slipped by 0.2% to 25,396.51.\n\nBenchmark U.S. crude oil declined $2.13 to $81.50 per barrel, while Brent crude, the international standard, fell $2.02 to $87.18 per barrel. Currency trading reported that the U.S. dollar weakened to 159.34 Japanese yen from 159.37 yen, while the euro strengthened to $1.1536 from $1.1526. Recent foreign exchange fluctuations have been under scrutiny, especially after the U.S. and Japan jointly intervened to support the yen. Although the dollar has slightly depreciated against the yen, it remains above 150 yen.",
  "summary": "Futures rose ahead of Thursday's producer price data, but Cisco's 6% drop after strong earnings shows AI-stock nerves haven't gone away.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "The Sydney Morning Herald",
        "title": "ASX set to retreat; Wall Street climbs as oil prices drop, inflation eases",
        "url": "https://urgent.news/2026/08/13/asx-set-to-retreat-wall-street-climbs-as-oil-prices-drop-inflation",
        "published": "2026-08-13T19:12:19.000Z"
      },
      {
        "outlet": "The Age",
        "title": "ASX set to retreat; Wall Street climbs as oil prices drop, inflation eases",
        "url": "https://urgent.news/2026/08/13/asx-set-to-retreat-wall-street-climbs-as-oil-prices-drop-inflation-798482",
        "published": "2026-08-13T19:12:19.000Z"
      },
      {
        "outlet": "Handelsblatt",
        "title": "Dow, S&P 500, Nasdaq: Little impetus on Wall Street – S&P 500 remains close to record high",
        "url": "https://urgent.news/2026/08/14/dow-s-p-500-nasdaq-kaum-impulse-an-der-wall-street-s-p-500-weiter-nah",
        "published": "2026-08-14T13:38:46.000Z"
      },
      {
        "outlet": "CNBC",
        "title": "Wall Street sees a floor under software stocks in potential Workday deal",
        "url": "https://urgent.news/2026/08/14/wall-street-sees-a-floor-under-software-stocks-in-potential-workday",
        "published": "2026-08-14T14:33:56.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}