{
  "id": 797133,
  "title": "S&P 500 hits record high as rate-hike worries ease",
  "url": "https://urgent.news/2026/08/13/s-p-500-hits-record-high-as-rate-hike-worries-ease",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-13T19:32:03.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times",
    "url": "https://www.koreatimes.co.kr/world/20260814/sp-500-hits-record-high-as-rate-hike-worries-ease"
  },
  "original_language": "en",
  "account": "The S&P 500 reached a record high on Thursday, driven by strong performance in major technology stocks and reassurance that interest rates will remain steady. Memory chip manufacturers Sandisk and Micron Technology both experienced significant gains, with Sandisk rising 16 percent and Micron increasing 6.7 percent. Broadcom and Meta Platforms also saw notable increases, climbing 1.3 percent and 2.8 percent respectively. Investors' concerns about extensive AI data center spending were eased by optimistic forecasts from industry giants such as Microsoft and Amazon. CoreWeave, an AI cloud company, remained relatively unchanged despite surging 19 percent the previous day after raising its annual capital spending forecast. Infrastructure Capital Advisors CEO Jay Hatfield attributed the tech sector's current success to an \"earnings boom,\" rather than a speculative bubble. The S&P 500 closed the day up 0.56 percent at 7,791.70 points, slightly below its earlier all-time high of 7,816.70. The Nasdaq index gained 0.73 percent to reach 26,782.15 points, while the Dow Jones Industrial Average remained flat at 53,766.27.",
  "summary": "The S&P 500 reached a record high on Thursday, buoyed by gains in technology stocks and easing concerns about interest rate hikes. Memory chip manufacturers Sandisk and Micron Technology led the advance, surging 16% and 6.7% respectively, while Broadcom climbed 1.3% and Meta Platforms increased by 2.8%. The rally was driven by strong earnings forecasts from companies like Microsoft and Amazon, which have reduced investors' worries about heavy spending on AI data centers. Despite the impressive gain, the S&P 500 closed at 7,791.70 points, down 0.56% from its previous all-time high of 7,816.70. The Nasdaq also saw gains, rising 0.73% to 26,782.15 points, while the Dow Jones Industrial Average remained flat at 53,766.27 points.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Korea Times",
        "title": "S&P 500 hits record high as rate-hike worries ease",
        "url": "https://urgent.news/2026/08/13/s-p-500-hits-record-high-as-rate-hike-worries-ease-798020",
        "published": "2026-08-13T19:42:03.000Z"
      }
    ]
  },
  "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."
}