Stock market today: Dow, S&P 500, Nasdaq futures extend gains ahead of earnings, wholesale inflation data
Markets climb as wholesale inflation unexpectedly softens in June, driven by a notable decline in energy costs.
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The brief
This market movement follows reports of a 0.3% decline in producer prices from May to June. Coverage from Reuters, The Hill, Bloomberg, CNN, and CNBC highlights the influence of lower gasoline and energy prices on the latest inflation data.
While some outlets describe the wholesale inflation landscape as improved, others note that the core gauge is decelerating and the broader economic outlook remains cloudy. Investors are monitoring how these wholesale price trends will influence upcoming corporate earnings reports.
Coverage does not yet specify how these figures might impact future policy decisions.
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Quick answers
What happened to U.S. producer prices in June?
Producer prices fell 0.3% from May to June.
What factor primarily drove the decrease in wholesale prices?
The decline was largely attributed to lower costs for energy and gasoline.
How are markets reacting to the news?
Dow, S&P 500, and Nasdaq futures are extending gains ahead of scheduled earnings reports.
Coverage (7)
- US PPI: Producer Prices Rise at Slower Pace as Core Gauge Decelerates Bloomberg.com · 6h ago
- Morning Bid: Melting core Reuters · 6h ago
- US producer prices unexpectedly fall in June Reuters · 6h ago
- US producer prices drop 0.3% from May to June on lower energy prices, but outlook is cloudy The Hill · 6h ago
- US Producer Prices Rise at Slower Pace as Core Gauge Decelerates Bloomberg.com · 6h ago
- Wholesale inflation improved as energy prices fell last month CNN · 6h ago
- Wholesale prices unexpectedly declined 0.3% in June on big drop in gasoline CNBC · 6h ago
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