Crude Oil Moves Lower; US Producer Prices Fall 0.3% In June
U.S. stocks traded higher midway through trading, with the Dow Jones gaining more than 150 points on Wednesday. The Dow traded up 0.32% to 52,675.73 while the NASDAQ rose 0.13% to 26,139.93. The S&P 500 also rose, gaining, 0.22% to 7,560.24. Leading and Lagging Sectors Consumer discretionary shares jumped by 1.2% on Wednesday. In trading on Wednesday, energy stocks fell by 0.5%. Top Headline Producer inflation came in well below expectations in June, reinforcing market expectations that the Federal Reserve will keep interest rates unchanged this month. The Producer Price Index (PPI) fell 0.3% month-over-month in June, below the flat monthly reading economists expected and a sharp reversal from May’s downwardly revised 0.6% surge. It marks the lowest monthly print since April 2025. The annual producer inflation rate eased to 5.5%, from a downwardly revised 6.0%, versus the 6.2% consens...
S. stocks traded higher midway through trading, with the Dow Jones gaining more than 150 points on Wednesday. 93. 24.
2% on Wednesday. 5%. Top Headline Producer inflation came in well below expectations in June, reinforcing market expectations that the Federal Reserve will keep interest rates unchanged this month. 6% surge.
It marks the lowest monthly print since April 2025. 2% consensus. 83. Electrovaya announced commercial relationship with Amazon.
56 following a report that Stripe and Advent International have proposed a joint acquisition of the digital payments firm in a deal valued at over $53 billion. 67 after the company reported better-than-expected fourth-quarter financial results and issued FY27 sales guidance above estimates. 05 per share and accompanying warrant. 22 after the company announced a 1-for-20 reverse stock split.
48 as the company priced $125 million senior unsecured convertible notes Series B due 2031. 00. 4010. Euro zone European shares were mixed today.
4%. 2%. 17%. 6 in July.
S. 6% gain in May and compared to market estimates of a flat reading. 7% from the previous week during the week to July 10. S.
998 million-barrel increase in the previous week. Photo via Shutterstock