The Market ThesisDaily Summary
United States Edition
August 12, 2026 at 5:30 AM ET
By MacroGlide's Analysts
Markets Recap for August 11, 2026
U.S. Stocks Fall with Oil Prices Near $90 on Iran Standoff
What's in the markets today?
U.S. crude oil inventories jumped by 9.07 million barrels according to the latest API data, keeping WTI prices around $84 as the Iran conflict continued to threaten energy supply routes. The S&P 500 edged 0.32% lower, with pressure concentrated in technology shares while energy stocks held up better. Existing home sales fell to 4.06 million, signaling further cooling in the housing market as higher mortgage rates slow activity. Cardinal Health reported quarterly earnings of $2.08 per share, missing estimates and weighing on healthcare sector performance. Market participants now look ahead to tomorrow’s Consumer Price Index release, which could influence the Federal Reserve’s next policy direction.
Benchmark Moves
The S&P 500 slipped 0.32% to 7,728.2 as WTI crude oil climbed 0.85% to 83.91, lifted by ongoing supply risks from the Iran standoff. Higher energy prices raised expectations for stronger upcoming inflation, which pressured major stocks ahead of tomorrow’s US inflation report. These moves signal that sustained oil strength could prompt markets to price in stickier inflation and delay Fed rate cuts.
Market data as of Aug 11, 2026 at 4:00 PM ET.
Market data as of Aug 11, 2026 at 4:00 PM ET.
Market data as of Aug 11, 2026 at 5:00 PM ET.
Key Financial Reports
Earnings this round skewed negative, with most companies missing expectations due to revenue shortfalls or compressed margins. Super Micro Computer (SMCI) posted $0.31 EPS versus the $0.56 estimate, as weaker demand led to a sharp drop in revenue and a halved profit from last quarter's $0.68. Cardinal Health (CAH) also came in below forecast at $2.08 vs $2.42, hit by ongoing pharma distribution weakness and lower segment profitability, as management flagged slower volume growth and price pressure. The overall pattern shows persistent headwinds from slowing end-market demand and margin compression, putting pressure on operational efficiency across US technology and healthcare distributors.
EPS reported on August 11, 2026 ET. Figures use each company's reported basis.
Key Macroeconomic Reports
The US economy shows clearer signs of slowing as both hiring and housing step down together. ADP reported just 8,250 new jobs this week, while existing home sales slipped to 4.06M from 4.13M. Weakness in both labor growth and home demand signals broadening pressure on household spending. This tighter backdrop makes further Fed hikes less likely until new momentum appears.
Macroeconomic data released on August 11, 2026 ET.
Top Stories
A quick look at the five stories that shaped today's market sentiment. Explained with brief context highlighting why each story mattered today.
Source: CNBC — Finance
AI computing power is becoming a tradable asset class as CME launches futures contracts
CME Group is set to launch futures contracts for AI computing power on October 5, pending regulatory approval. This move introduces a new asset class tied to the cost of running AI chips, allowing companies to trade and hedge AI computing capacity like traditional commodities. The contracts will be based on the rental costs of Nvidia's H100 and Blackwell B200 GPUs, with each contract representing a month's rent. This development aims to provide a benchmark for pricing in the growing AI market.
Source: The Guardian — US Business
Nvidia links with Wall Street firms for $500bn AI financing deal
Nvidia has partnered with six major Wall Street firms, including Goldman Sachs and BlackRock, to raise over $500 billion for AI infrastructure. The funding will support the construction of data centers and chip factories essential for AI development. Nvidia's CEO, Jensen Huang, emphasized the importance of this financing for companies needing access to compute resources. The deal highlights the increasing demand for AI computing capacity, with spending expected to exceed $730 billion this year.
Source: MarketWatch — Top Stories
Nvidia teams with Wall Street firms to help finance $500 billion for AI infrastructure
Nvidia announced a collaboration with seven Wall Street financial institutions to raise over $500 billion aimed at financing AI infrastructure development. This partnership seeks to attract third-party capital necessary for building the required facilities and technology to support the growing AI sector. The announcement reflects the significant investment needed to meet the rising demand for AI capabilities in various industries.
Source: NYT — DealBook
Oil Prices Touch $90 a Barrel Over U.S.-Iran Stalemate
Oil prices have reached $90 a barrel amid ongoing tensions related to the Iran war and a decrease in commercial shipping through the Strait of Hormuz. The stalemate has contributed to market uncertainty and impacted oil supply dynamics. Analysts suggest that geopolitical factors, including the potential for further conflict in the region, could lead to continued volatility in oil prices. This price increase reflects broader geopolitical factors affecting the oil market and its future outlook.
Source: MarketWatch — Top Stories
Intel now says it is selling $20 billion of stock
Intel announced on Tuesday that it will increase its stock offering by an additional $5 billion, bringing the total to $20 billion. This decision reflects the company's strategy to raise capital through the sale of new shares to strengthen its financial position. Intel plans to use the proceeds to invest in research and development and enhance its manufacturing capabilities. The move comes as Intel seeks to navigate ongoing industry challenges and compete effectively in the semiconductor market.
Other Headlines
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United States Edition
August 12, 2026 at 5:30 AM ET
Markets Recap for August 11, 2026
U.S. Stocks Fall with Oil Prices Near $90 on Iran Standoff
What's in the markets today?
U.S. crude oil inventories jumped by 9.07 million barrels according to the latest API data, keeping WTI prices around $84 as the Iran conflict continued to threaten energy supply routes. The S&P 500 edged 0.32% lower, with pressure concentrated in technology shares while energy stocks held up better. Existing home sales fell to 4.06 million, signaling further cooling in the housing market as higher mortgage rates slow activity. Cardinal Health reported quarterly earnings of $2.08 per share, missing estimates and weighing on healthcare sector performance. Market participants now look ahead to tomorrow’s Consumer Price Index release, which could influence the Federal Reserve’s next policy direction.
Benchmark Moves
The S&P 500 slipped 0.32% to 7,728.2 as WTI crude oil climbed 0.85% to 83.91, lifted by ongoing supply risks from the Iran standoff. Higher energy prices raised expectations for stronger upcoming inflation, which pressured major stocks ahead of tomorrow’s US inflation report. These moves signal that sustained oil strength could prompt markets to price in stickier inflation and delay Fed rate cuts.
Indexes
Detailed View →Market data as of Aug 11, 2026 at 4:00 PM ET.
Stocks
Detailed View →Market data as of Aug 11, 2026 at 4:00 PM ET.
Commodities & Crypto
Detailed View →Market data as of Aug 11, 2026 at 5:00 PM ET.
Key Financial Reports
Earnings this round skewed negative, with most companies missing expectations due to revenue shortfalls or compressed margins. Super Micro Computer (SMCI) posted $0.31 EPS versus the $0.56 estimate, as weaker demand led to a sharp drop in revenue and a halved profit from last quarter's $0.68. Cardinal Health (CAH) also came in below forecast at $2.08 vs $2.42, hit by ongoing pharma distribution weakness and lower segment profitability, as management flagged slower volume growth and price pressure. The overall pattern shows persistent headwinds from slowing end-market demand and margin compression, putting pressure on operational efficiency across US technology and healthcare distributors.
Earnings Per Share (EPS)
Detailed View →EPS reported on August 11, 2026 ET. Figures use each company's reported basis.
Key Macroeconomic Reports
The US economy shows clearer signs of slowing as both hiring and housing step down together. ADP reported just 8,250 new jobs this week, while existing home sales slipped to 4.06M from 4.13M. Weakness in both labor growth and home demand signals broadening pressure on household spending. This tighter backdrop makes further Fed hikes less likely until new momentum appears.
Macroeconomic Data
Detailed View →Macroeconomic data released on August 11, 2026 ET.
Top Stories
A quick look at the five stories that shaped today's market sentiment. Explained with brief context highlighting why each story mattered today.
AI computing power is becoming a tradable asset class as CME launches futures contracts
CME Group is set to launch futures contracts for AI computing power on October 5, pending regulatory approval. This move introduces a new asset class tied to the cost of running AI chips, allowing companies to trade and hedge AI computing capacity like traditional commodities. The contracts will be based on the rental costs of Nvidia's H100 and Blackwell B200 GPUs, with each contract representing a month's rent. This development aims to provide a benchmark for pricing in the growing AI market.
Source: CNBC — Finance
Nvidia links with Wall Street firms for $500bn AI financing deal
Nvidia has partnered with six major Wall Street firms, including Goldman Sachs and BlackRock, to raise over $500 billion for AI infrastructure. The funding will support the construction of data centers and chip factories essential for AI development. Nvidia's CEO, Jensen Huang, emphasized the importance of this financing for companies needing access to compute resources. The deal highlights the increasing demand for AI computing capacity, with spending expected to exceed $730 billion this year.
Source: The Guardian — US Business
Nvidia teams with Wall Street firms to help finance $500 billion for AI infrastructure
Nvidia announced a collaboration with seven Wall Street financial institutions to raise over $500 billion aimed at financing AI infrastructure development. This partnership seeks to attract third-party capital necessary for building the required facilities and technology to support the growing AI sector. The announcement reflects the significant investment needed to meet the rising demand for AI capabilities in various industries.
Source: MarketWatch — Top Stories
Oil Prices Touch $90 a Barrel Over U.S.-Iran Stalemate
Oil prices have reached $90 a barrel amid ongoing tensions related to the Iran war and a decrease in commercial shipping through the Strait of Hormuz. The stalemate has contributed to market uncertainty and impacted oil supply dynamics. Analysts suggest that geopolitical factors, including the potential for further conflict in the region, could lead to continued volatility in oil prices. This price increase reflects broader geopolitical factors affecting the oil market and its future outlook.
Source: NYT — DealBook
Intel now says it is selling $20 billion of stock
Intel announced on Tuesday that it will increase its stock offering by an additional $5 billion, bringing the total to $20 billion. This decision reflects the company's strategy to raise capital through the sale of new shares to strengthen its financial position. Intel plans to use the proceeds to invest in research and development and enhance its manufacturing capabilities. The move comes as Intel seeks to navigate ongoing industry challenges and compete effectively in the semiconductor market.
Source: MarketWatch — Top Stories
Other Headlines
Is inflation really slowing? Fed rate hike hinges on July price report.
Why Jensen Huang’s $500 billion AI financing plan faces a big risk from China
Bears are in pain as the S&P 500 hits record highs. That may mean more upside for stocks.
The Perils of Wall St.’s Race to Pour Billions More Into A.I.
Oracle’s stock has taken a hit as AI spending concerns resurface
Wall Street just endorsed Jensen Huang's 'big concept' for AI. What now?
As Credit Card Debt Mounts, Home Becomes a Piggy Bank
An inflation report Wednesday should be a big deal for the Fed. Here's what to expect
Heat, Fire, Smoke and Storms Are Wreaking Havoc on the Economy
Oil prices hover near $90 a barrel and gold hits two-month high as Trump makes new demands on Iran – as it happened
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