π° Hourly Briefing | 2026-08-14 22:00 CST
US stocks opened mixed, Reddit surges 12% on S&P 500 inclusion; Tesla plans flying Roadster with SpaceX this month; Gold extends rally above $4,390; Canada Pension Plan Q1 return 7.5%, best since 2015.
π Market Snapshot
- Spot Gold XAUUSD: 4386.74 (High 4397.06 / Low 4310.94) +0.82% β briefly above 4390
- WTI Crude USOIL: 80.32 (High 82.02 / Low 79.92) -0.15%
- US Open: Dow 53737 (-0.19%) / S&P 500 7802 (+0.04%) / Nasdaq (+0.16%)
π₯ Key News This Hour
1. US Stocks Open Mixed, Reddit Surges 12% on S&P 500 Inclusion
Dow opened down 0.19%, S&P 500 up 0.04%, Nasdaq up 0.16%. Reddit (RDDT) added to S&P 500 index, shares jumped 12%. Storage chip sector strong: SanDisk (SNDK) +7% on guidance of mid-to-high double-digit revenue growth through FY2028-2030; Western Digital (WDC) and Micron (MU) up ~4%. Applied Materials (AMAT) -5%.
2. Tesla Plans Flying Roadster with SpaceX, Launch as Early as This Month
According to The Information, Tesla (TSLA) plans to launch the new Roadster as early as this month, developed in collaboration with SpaceX with “flying” capabilities. Musk continues to accelerate his AI and frontier tech empire.
3. Gold Extends Rally Above $4,390
Spot gold gained over 1% intraday, reaching as high as $4,397.06. Weak retail data and soft dollar continue to drive precious metals higher. Silver also up 1% to $65.11.
4. Canada Pension Plan Investment Board Q1 Return 7.5%
Canada Pension Plan Investment Board reported a 7.5% return for Q1, driven by equities and energy investments β the best quarterly performance since 2015. The board noted broad-based contributions across its globally diversified portfolio.
5. Kushner to Meet Netanyahu During Israel Visit
According to NYT, Trump’s son-in-law Kushner will meet Israeli PM Netanyahu during his Israel visit. Middle East geopolitical dynamics remain in focus.
π§ Assessment
US stocks opened mixed as retail data weakness pressured the Dow, while lower rate expectations supported the Nasdaq.
Reddit’s S&P 500 inclusion triggered passive fund inflows; storage chip sector rallied on SanDisk’s guidance.
Tesla’s flying Roadster news adds to the momentum of Musk’s empire β SpaceX just completed the Cursor acquisition, with AI and frontier tech ambitions accelerating.
Gold extended its rally above $4,390, supported by a weaker dollar and declining real rates. Watch the $4,400 round number in the near term.
β° Upcoming Key Data
- Today 22:00 CST β US June Business Inventories MoM (Est. 0.1%, Prev. 0.3%) βββ β imminent
- Today 22:00 CST β US Aug Michigan Consumer Sentiment Preliminary (Est. 54.5, Prev. 55.2) βββ β imminent
- Today 22:00 CST β US Aug 1-Year Inflation Expectation Preliminary (Est. 4.2%, Prev. 4.2%) βββ β imminent
- Tomorrow 01:00 CST β US Baker Hughes Oil Rig Count (Prev. 454) βββ