Commodities
US Stocks Soar to Record High Amid Declining Oil Prices
The US stock market reached new heights on August 13, 2026, following a decline in oil prices and lower-than-expected inflation numbers.
According to AP reporter Stan Choe, this latest sign that inflation is getting 'less bad' contributed to the record-breaking performance of US stocks.
The stock market has been rising steadily, with traders like Fred Demarco working on the floor of the New York Stock Exchange in New York. The exact reasons for the surge are unclear, but experts point to lower oil prices and decreased inflation concerns as key factors.