S&P 500 ends lower as investors weigh data, Middle East tensions
Fri August 14, 2026
Weaker retail sales data combined with a drop in confidence once again in AI brought all three indexes down after yesterday’s tech rally and another S&P record. The kicker was Applied Materials which, though it turned in a glowing Q3 forecast, was not enough to satisfy the high expectations and thus the share price fell and that again impacted overall AI sentiment as being overwrought, dropping other AI chip stocks.