U.S. Producer Prices Flat In July, Annual PPI Eases To 4.7%
The U.S. Producer Price Index was unchanged in July versus economists’ expected 0.2% rebound after June’s upwardly revised 0.1% decline, while the annual rate eased to 4.7% from 5.5%.
U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 100 points on Thursday.
Following the market opening Thursday, the Dow traded up 0.25% to 53,902.41 while the NASDAQ rose 0.23% to 26,649.79.
The S&P 500 also rose, gaining, 0.29% to 7,771.38.
Leading and Lagging Sectors Real estate shares jumped by 0.7% on Thursday.
In trading on Thursday, energy stocks fell by 0.7%.
Top Headline The Producer Price Index (PPI) was unchanged in July, coming in below the 0.2% monthly rebound economists expected after June's upwardly revised 0.1% decline, the Bureau of Labor Statistics reported Thursday.
The annual producer inflation rate eased to 4.7%, down from 5.5%, and below the 4.9% consensus.
Equities Trading UP XChange TEC.INC (NASDAQ: XHG ) shares shot up 554% to $5.98 after the company announced intent to acquire First Cycle, INC.
Shares of DEFSEC Technologies Inc (NASDAQ: DFSC ) got a boost, surging 108% to $2.58 after the company reported third-quarter financial results.
FGI Industries Ltd ( NASDAQ: FGI ) shares were also up, gaining 55% to $7.50 after the company reported better-than-expected second-quarter adjusted EPS results and issued FY26 sales guidance with its midpoint above estimates.
Equities Trading DOWN Leslie's Inc ( NASDAQ: LESL ) shares dropped 38% to $0.82 after the company reported worse-than-expected third-quarter financial results and withdrew its FY26 guidance.
Shares of Cellebrite DI Ltd ( NASDAQ: CLBT ) were down 35% to $9.95 after the company reported worse-than-expected second-quarter sales results and issued weak third-quarter sales guidance.
Founder Group Ltd (NASDAQ: FGL ) was down, falling 37% to $0.49.
Commodities In commodity news, oil traded down 2.6% to $81.12 while gold traded down 0.6% at $4,441.40.
Silver traded down 0.6% to $65.315 on Thursday, while copper rose 0.1% to $6.6160.
Euro zone European shares were mixed today.
The eurozone's STOXX 600 gained 0.1%, while Spain's IBEX 35 Index rose 0.5% London's FTSE 100 fell 0.4%, Germany's DAX gained 0.2%, while France's CAC 40 fell 0.1%.
Asia Pacific Markets Asian markets closed mixed on Thursday, with Japan's Nikkei 225 gaining 1.16%, Hong Kong's Hang Seng index falling 0.17%, China's Shanghai Composite declining 0.50% and India's BSE Sensex rising 0.15%.
Economics The Producer Price Index (PPI) was unchanged in July, coming in below the 0.2% monthly rebound economists expected after June's upwardly revised 0.1% decline, the Bureau of Labor Statistics reported Thursday.
U.S. initial jobless claims rose by 9,000 to 209,000 in the first week of August, compared to market estimates of 202,000.
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