S&P 500: Hot PPI Tests Stock Rebound as Tech Selling Pressures Nasdaq
Stocks steady as Dow gains offset AI weakness, while hot PPI keeps Fed risk in play and lower Treasury yields support gold's recovery.
Gold holding overnight gains above $4,100 even as US PPI rises 6.3% in September
After a solid overnight rally, rising inflation fears are limiting gold's recovery Thursday, as higher producer prices show that the growing threat is unlikely to abate anytime soon.The headline Producer Price Index (PPI) jumped 1.3% in September, following August's revised 0.5% increase, the U.S. Labor Department announced Thursday. The latest headline data was significantly hotter than expected, as economists had forecast a 0.6% increase.
Gold, silver prices tumble as hot PPI, oil shock lift yields - Kitco PM Report
Spot gold and silver prices are sharply lower in late-afternoon U.S. trading Thursday, as hotter wholesale inflation, a crude-oil surge and a jump in Treasury yields overwhelmed safe-haven demand tied to the U.S.-Iran war.
Investors Await PPI and CPI Data
We're taking a break from economic reports this Hump Day, seeing pre-market futures drift into the red. Without any relief in sight as the battle in the Strait of Hormuz continues to heat up, spot oil prices are up +2.8% this morning: $95 per barrel (/bbl) on WTI and $100/bbl on Brent.
Gold (XAU/USD) & Silver Price Forecast: Iran Risks Support Metals as PPI and CPI Loom
Gold and silver gain support from dollar weakness and Iran tensions as traders await U.S. PPI and CPI for fresh clues on the Fed rate outlook.
Soft PPI data makes these three chip stocks worth buying
July producer prices (PPI) came in flat month-over-month, lower than a 0.2% increase economists had forecast. The reading pulled the probability of a Fed rate hike in September down significantly, driving the benchmark S&P 500 index to a record close near 7,799 while the Nasdaq gained 0.8%.
Spot gold at $4,387/oz after July PPI posts flat 0.0%, core PPI up 0.2%
The gold market is holding steady after the latest data shows U.S. producers saw easing price pressures on balance last month.The headline Producer Price Index (PPI) posted a flat 0.0% in July, following June's unrevised -0.3% drop, the U.S. Labor Department announced on Thursday. The latest headline data was lower than expectations, as economists looked for a 0.2% increase.
PPI Slides in June on Lower Oil Prices, Q2 Results Continue
Year over year wholesale inflation pulls back to +5.5%, 100 bps lower than last month's initial print.
Gold steadies above $4,000 as PPI cools, yields rise - Kitco AM Report
Spot gold prices are modestly higher and spot silver prices are weaker ahead of the North American market open Wednesday, as a softer U.S. inflation mix supported precious metals while renewed Strait of Hormuz tension kept crude oil prices and Treasury yields elevated.
S&P500: PPI Today Holds the Key After Soft CPI Lifts US Stocks
US stock futures rise after soft CPI boosted rate cut hopes. See why today's PPI report, earnings and Treasury yields could decide the next move for US stocks.
May Headline PPI Data Highest Since November 2022
May Headline PPI Data Highest Since November 2022.
PPI Inflation +6.5% YoY: More Questions than Answers
New wholesale inflation numbers have reached their highest levels since March and November of 2022, respectively.
