The Labor Department reported Tuesday that its producer price index — which tracks inflation before it hits consumers — rose 0.2% last month from November, down from a 0.4% gain the month before. Compared with a year earlier, producer prices rose 3.3%, biggest jump since February 2023 and up from a 3% gain in November.
Stock futures jumped after Wall Street finally got an encouraging update on inflation. The producer price index rose 0.2% in December on a monthly basis, the Bureau of Labor Statistics said Tuesday. Economists polled by FactSet were forecasting a 0.
Cool wholesale inflation numbers provide only slight relief before Wednesday's release of December Consumer Price Index data.
US stocks gave up early gains to end mixed. Investors await key consumer inflation data and the start of earnings season on Wednesday.
Wholesale-level inflation heated up further to close out 2024, a sign that price pressures are building at a time when President-elect Donald Trump threatens to unleash a substantial array of tariffs.
The Labor Department reported Tuesday that its producer price index — which tracks inflation ... according to a survey of forecasters by the data firm FactSet. Wholesale prices can offer an ...
Market-based expectations of future inflation were rising further above 2% on Tuesday as traders looked past December's mild producer-price index report and a
Wall Street will first parse the producer price index for December on Tuesday, followed by the consumer price index on Wednesday.
Treasury yields were down slightly Tuesday, as investors digested fresh data on U.S. wholesale inflation from the producer-price index. The yield on the 10-year Treasury note was down about one basis point at around 4.78%, according to FactSet data ...
Wall Street analyzed the cooler-than-expected producer price index for December on Tuesday and looked ahead to the consumer price index report on Wednesday.
GE Aerospace reported better-than-expected fourth-quarter earnings on Thursday. GE Aerospace reported fourth-quarter sales of $9.9 billion, operating profit of $1.9 billion, and earnings per share of $1.
Financially, Cal-Maine Foods reported $219.1 million in net income for fiscal 2025’s second quarter. The company recorded record sales of total dozens and specialty dozens, along with paying a dividend of $1.49 per share. CALM’s quarterly sales were $954.7 million, which is a big rise over the previous year.