S&P 500 Today: Market SnapshotThe S&P 500 opened with gains of around 0.5% after the inflation report, although the advance moderated during the session. Indicator S&P 500 Close 7,747.46 Daily Change +19.51 Daily Gain +0.25% Previous Record Close 7,757.64Why Is The S&P 500 Up Today? S&P 500 Today: Fed Rate Hike Bets EaseThe latest inflation figures have reduced expectations for another Fed rate increase in September. S&P 500 Today: Technology Stocks Support IndexTechnology and semiconductor stocks provided additional support to the S&P 500. S&P 500 Today: Key TakeawayThe S&P 500 gained 0.25% to close at 7,747.46 on August 12.