VEV - Dow Jumps 100 Points; Producer Inflation Surpasses Expectations For June | Benzinga
U.S. stocks traded higher this morning, with the Dow Jones index gaining around 100 points on Friday.
Following the market opening Friday, the Dow traded up 0.25% to 39,853.88 while the NASDAQ rose 0.25% to 18,329.05. The S&P 500 also rose, gaining, 0.22% to 5,596.73.
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Leading and Lagging Sectors
Real estate shares jumped by 0.6% on Friday.
In trading on Friday, communication services shares fell by 0.5%.
Top Headline
The Producer Price Index released Friday revealed a higher-than-expected increase in June.
In June, the headline PPI for final demand rose by 0.2% month-over-month, rebounding sharply from the upwardly revised flat reading in May and surpassing economists' expectations – as tracked by TradingEconomics – of a 0.1% increase. On an annual basis compared to June 2023, the overall producer basket rose by 2.6%, reaching its highest point since March 2023.
Equities Trading UP
- Vicinity Motor Corp. (NASDAQ:VEV) shares shot up ...