Stocks Tick Up On Wholesale Inflation Optimism After Worst Trading Day Since 2020

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The modest market jump follows the worst day for stocks since June 2020.

The stock market rose slightly Wednesday morning following better than expected wholesale inflation data, though investor fears remain after the market suffered its worst day since June 2020 following a dismal consumer price index reading.Getty ImagesThe Dow Jones Industrial Average was up .06% before market open, or 60 points, while the S&P 500 rose .05% and Nasdaq fell 0.12%.

in the 12 months ending in August, spurring fears that the Federal Reserve will continue its aggressive monetary policy.released Wednesday by the Labor Department provided some reason for optimism, as the producer price index, which marks how much sellers pay for wholesale goods, fell .1% in August, while core prices fell .3%, beating estimates.

 

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