{"id":66468,"date":"2026-08-13T10:07:13","date_gmt":"2026-08-13T14:07:13","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/tech-sector-ignites-market-rally-as-inflation-data-boosts-soft-landing-hopes\/66468\/"},"modified":"2026-08-13T10:07:13","modified_gmt":"2026-08-13T14:07:13","slug":"tech-sector-ignites-market-rally-as-inflation-data-boosts-soft-landing-hopes","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/tech-sector-ignites-market-rally-as-inflation-data-boosts-soft-landing-hopes\/66468\/","title":{"rendered":"Tech Sector Ignites Market Rally as Inflation Data Boosts Soft Landing Hopes"},"content":{"rendered":"<p>U.S. equity markets opened with significant bullish momentum on Thursday, August 13th, 2026, as investors reacted to a favorable cooling in inflationary pressures and robust consumer spending data. The morning&#39;s economic reports have reinforced the &quot;soft landing&quot; narrative, suggesting that the Federal Reserve may have successfully navigated the economy toward price stability without triggering a recession. This optimism is reflected in the broad-based gains across major indexes, with technology and growth stocks leading the charge.<\/p>\n<h2>Major Indexes Performance at the Open<\/h2>\n<p>The market opened with a decisive move to the upside. The tech-heavy Nasdaq Composite, tracked by the Invesco QQQ Trust (<a href=\"\/stock\/QQQ\">QQQ<\/a>), surged 1.08% in early trading. This outperformance is largely driven by a resurgence in semiconductor and artificial intelligence themes. The <a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a>, represented by the State Street SPDR S&amp;P 500 ETF Trust (<a href=\"\/stock\/SPY\">SPY<\/a>), climbed 0.73%, while the blue-chip <a href=\"https:\/\/stockmarketwatch.com\/indices\/dowjones\/today\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average (<a href=\"\/stock\/DIA\">DIA<\/a>) rose a more modest 0.39%. Small-cap stocks are also participating in the rally, with the iShares Russell 2000 ETF (<a href=\"\/stock\/IWM\">IWM<\/a>) gaining 0.7%.<\/p>\n<p>In the fixed-income market, bond prices rose as yields retreated following the economic data. The iShares 20+ Year Treasury Bond ETF (<a href=\"\/stock\/TLT\">TLT<\/a>) is up 0.97%, signaling that investors are pricing in a more accommodative stance from the Federal Reserve in the coming months. Conversely, the energy sector is under pressure as United States Oil Fund (<a href=\"\/stock\/USO\">USO<\/a>) fell 3.15% amid shifting global demand forecasts.<\/p>\n<h2>Upcoming Market Events and Economic Catalysts<\/h2>\n<p>The primary driver for today&#39;s price action was the release of the July Retail Sales report and the latest Producer Price Index (PPI) data. Retail sales came in stronger than anticipated, easing fears of a consumer slowdown, while the PPI confirmed that wholesale inflation continues to trend toward the Federal Reserve&#39;s 2% target.<\/p>\n<p>Looking ahead, the market is bracing for several high-impact events. Later today, investors will parse comments from several Federal Reserve officials for clues regarding the size of a potential interest rate cut in September. Additionally, the earnings season continues to provide a pulse on corporate health. While many large-cap tech names have already reported, the focus shifts to the semiconductor equipment and retail sectors over the next 24 hours.<\/p>\n<h2>Corporate News and Sector Highlights<\/h2>\n<p>The semiconductor sector is a major focal point today. The VanEck Semiconductor ETF (<a href=\"\/stock\/SMH\">SMH<\/a>) is up 1.44%, buoyed by heavy trading in <a href=\"https:\/\/stockmarketwatch.com\/stock\/MU\" data-internallinksmanager029f6b8e52c=\"20\" title=\"Stock: MU\">Micron<\/a> Technology (<a href=\"\/stock\/MU\">MU<\/a>), which saw significant volume as it gained 0.1% to reach a price of $934.07. All eyes are on Applied Materials (<a href=\"\/stock\/AMAT\">AMAT<\/a>), which is scheduled to report its fiscal third-quarter results after the closing bell today. Analysts are expecting an EPS of $3.40 on revenue of approximately $8.99 billion.<\/p>\n<p>Apple (<a href=\"\/stock\/AAPL\">AAPL<\/a>) is also making waves, trading up 0.7% at $304.84 on high volume following reports of strong pre-orders for its latest hardware iterations. In the retail space, Tapestry (<a href=\"\/stock\/TPR\">TPR<\/a>) reported its Q4 earnings this morning, while JD.com (<a href=\"\/stock\/JD\">JD<\/a>) and NetEase (<a href=\"\/stock\/NTES\">NTES<\/a>) also released results, impacting the international tech landscape.<\/p>\n<p>In more speculative news, XChange TEC.INC (<a href=\"\/stock\/XHG\">XHG<\/a>) saw a massive <a href=\"https:\/\/stockmarketwatch.com\/movers\/premarket\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Premarket Movers\">premarket<\/a> surge of over 500%, while Gaxos.ai (<a href=\"\/stock\/GXAI\">GXAI<\/a>) rose 51.2% on unusual volume. On the downside, Balchem Corporation (<a href=\"\/stock\/BCPC\">BCPC<\/a>) and Cellebrite DI (<a href=\"\/stock\/CLBT\">CLBT<\/a>) are experiencing significant selling pressure following their recent corporate updates.<\/p>\n<p>As the session progresses, the sustainability of this rally will likely depend on whether the S&amp;P 500 can maintain its hold above key technical resistance levels, supported by the cooling inflation data and the strength of the American consumer.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. equity markets opened with significant bullish momentum on Thursday, August 13th, 2026, as investors reacted to a favorable cooling [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"rank_math_schema_Article":[],"rank_math_focus_keyword":[],"rank_math_description":[],"financial_data_references":[],"stock_symbols_mentioned":[],"footnotes":""},"categories":[6824,94],"tags":[95,225,633,828,3710,3764,4223,4380,5400],"class_list":["post-66468","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-market-update","tag-nasdaq","tag-aapl","tag-nvda","tag-amat","tag-federal-reserve","tag-ppi","tag-inflation","tag-stock-market","tag-retail-sales"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/66468","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/comments?post=66468"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/66468\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media\/50312"}],"wp:attachment":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media?parent=66468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=66468"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=66468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}