What You Missed On Wall Street On Wednesday
The major averages closed higher as major technology names led broad gains as another round of softer-than-expected inflation data eased concerns that the Federal Reserve may need to tighten policy again this month. The producer price index for final demand fell 0.3% in June, driven by a 1.4% decline in goods prices, while services prices edged up 0.2%. The softer-than-expected report follows Tuesday's encouraging CPI data and is likely to strengthen expectations that the Federal Reserve will leave interest rates unchanged at its July meeting. Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1. STOCK NEWS: After 50 per share, Bloomberg also reported that PayPal is working with advisers to review options Lionsgate (LION) is exploring a sale and has attracted takeover interest from Bollore Group,
The major averages closed higher as major technology names led broad gains as another round of softer-than-expected inflation data eased concerns that the Federal Reserve may need to tighten policy again this month.
The producer price index for final demand fell 0.3% in June, driven by a 1.4% decline in goods prices, while services prices edged up 0.2%.
The softer-than-expected report follows Tuesday's encouraging CPI data and is likely to strengthen expectations that the Federal Reserve will leave interest rates unchanged at its July meeting.
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1.
STOCK NEWS: After 50 per share, Bloomberg also reported that PayPal is working with advisers to review options Lionsgate (LION) is exploring a sale and has attracted takeover interest from Bollore Group,