U.S. stocks open higher after June producer price index rises less than expected

U.S. stock indexes opened higher on Thursday after the June producer price index moderated more than analysts’ expectations, extending a string of weak readings that suggest inflation is calming in the U.S. and bolstering the chances that the Federal Reserve is near the end of its campaign of interest-rate hikes. The Dow Jones Industrial Average DJIA, +0.30% rose 121 points, or 0.4%, to 34,466, while the S&P 500 SPX, +0.54% gained 0.5% and the Nasdaq Composite COMP, +0.

94% advanced 0.8%. The producer price index rose 0.1% in June, according to the Bureau of Labor Statistics report. Economists surveyed by Dow Jones expected an increase of 0.2%. Core PPI, which strips out volatile food and energy prices, climbed 0.1%, in line with expectations. Meanwhile, the number of Americans who applied for unemployment benefits last week fell by 12,000 to 237,000, indicating that the U.S. labor market still remains tight even as job growth is slowing.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Stock market news today: Dow jumps 300 points ahead of June CPIDow jumps 300 points as US stocks rise ahead of important June inflation reading
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »

Stock Market Today: Dow Futures Edge Up; Bond Yields, Dollar FallLive coverage of what's moving stocks and markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite
Herkunft: WSJ - 🏆 98. / 63 Weiterlesen »

Dow rises more than 100 points Tuesday ahead of key inflation data, earnings: Live updatesU.S. stocks rose Tuesday, after the major averages snapped a three-day decline, as traders awaited key inflation data slated for release later in the week.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »