US Stocks Surge on Eased Inflation Concerns, Tech Rally Continues
US stock futures rallied on August 12, 2026, as a subdued inflation reading eased pressure on the Federal Reserve to raise interest rates. The S&P 500 index rose by 0.3% by 10:30 a.m. in New York, while the technology-heavy Nasdaq 100 surged 1%. The reversal of losses from earlier in the week was led by tech stocks, which are benefiting from an earnings-led rally.
The data center boom is seen as a key driver of the AI trade, and two bellwether companies, Coreweave Inc. and Super Micro Computer Inc., reported earnings that affirmed confidence in this trend. Shares of Coreweave rose as much as 24%, while Super Micro gained nearly 18% in early trading.
The inflation reading helped to calm market nerves ahead of the release of key CPI data, which will provide further insight into the state of the economy. The tech rally is expected to continue, with these stocks leading markets higher.