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Symbols
Price
Change
% Change
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Open
High
Low
Volume
Mkt Cap
SIXV
Health care
SIXV
Health care
SIXV
-1.91%
1,600.27
-31.11
-1.91%
1,631.381,623.251,623.251,595.76
SIXR
Staples
SIXR
Staples
SIXR
-1.38%
843.54
-11.79
-1.38%
855.33855.85856.24842.87
SIXT
Technology
SIXT
Technology
SIXT
+1.26%
3,697.72
+46.09
+1.26%
3,651.633,693.813,715.113,652.90
SIXRE
Real estate
SIXRE
Real estate
SIXRE
-0.45%
218.65
-0.99
-0.45%
219.64219.64220.11218.17
SIXE
Energy
SIXE
Energy
SIXE
+0.38%
1,199.93
+4.59
+0.38%
1,195.341,200.611,204.611,185.87
US market summary
Major stock benchmarks climbed as recent Consumer Price Index data showed inflation slowing more than expected, with the Nasdaq leading gains at 0.9%. This cooling trend has strengthened investor expectations that the Federal Reserve will maintain current interest rates in its upcoming session.
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Producer prices retreat in June marking largest drop in years
The Producer Price Index for final demand fell by 0.3% in June, primarily driven by a 1.4% decline in the cost of goods. This represents the most significant monthly decrease in producer goods prices since mid-2022, providing further evidence of easing inflationary pressures across the supply chain.
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BlackRock and Johnson & Johnson report strong quarterly earnings
BlackRock reported record assets under management of $15.3 trillion following massive net inflows, while Johnson & Johnson raised its full-year guidance after quarterly sales surpassed $25 billion. These robust results from financial and healthcare leaders have helped bolster market sentiment during the early stages of the earnings season.
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Fed Chair Kevin Warsh pledges to prioritize high inflation reduction
In his first testimony before lawmakers since taking leadership of the central bank, Fed Chairman Kevin Warsh emphasized his commitment to making high inflation a thing of the past. While he maintained a data-dependent stance and offered no immediate signals on future rate cuts, he reiterated the target of returning inflation to the 2% goal.
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