S&P 500 and Dow add about 0.3% as July PPI comes in flat, easing rate worries
AI Market Summary
US equities opened higher after July PPI printed softer than expected (headline flat m/m; core +0.2%), reinforcing the view that inflation is moderating and reducing near-term rate anxiety. Lower oil prices added to disinflation momentum, supporting risk sentiment, though geopolitics kept energy volatile. Offsetting this, select tech/AI earnings disappointed, led by a sharp drop in Cisco, tempering gains in growth-heavy segments.
Impact level
● High
Affected assets
NCSISP5002USD/USDT+0.02%
AI Insight · NCSISP5002USD/USDTAI Insight
▲ Bullish
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US wholesale inflation data for July came in softer than expected, with the producer price index flat month on month versus forecasts for a 0.2% rise. Core PPI increased 0.2%, below expectations of 0.3%. US stocks opened higher on Thursday, with the S&P 500 and the Dow up about 0.3% and the Nasdaq Composite gaining 0.2%. The readings reinforced expectations that price pressures are easing, tempering concerns about further Federal Reserve tightening.
