The S&P 500 logged its 27th record close of 2026 on Thursday, around the 7,800 mark, and the Russell 2000 benchmark for small caps also reached fresh all-time highs as July inflation data eased fears of another near-term Federal Reserve tightening move. The consumer price index rose 0.1% in July and 3.4% from a year earlier, down from 3.5% in June, while core CPI was 2.5%; producer prices were flat against expectations for a 0.2% increase and the annual rate slowed to 4.7% from 5.5%, helping drive the implied probability of a September rate hike down to about 25% from above 60% in early August. Sandisk Corp. jumped 34.7% for the week after projecting a $300 billion flash market in 2026, a $500 billion market in 2027 and securing approval for another $14 billion in buybacks; Super Micro Computer Inc. rose 29.2% after reporting a record $60 billion order backlog and a co-build with Space Exploration Technologies Corp.; Seagate Technology Holdings plc gained 20.3% as high-capacity drive supply for 2026 sold out. Tapestry Inc. fell 20.5% despite quarterly beats after forecasting fiscal 2027 revenue of $8.4 billion to $8.5 billion, while retail sales fell 0.6% in July and the University of Michigan's preliminary August sentiment reading dropped to 51.0, leaving Target Corp. and Walmart Inc. results next week as a key test of consumer demand.