Stocks Rally as PPI Report Bodes Well for Upcoming Inflation Report
From Nasdaq: 2025-02-13 19:02:54
Stock indexes, including the S&P 500, Dow Jones, and Nasdaq, are up today, with futures also rising. Positive Jan PPI report impacts inflation outlook and PCE deflator. Mixed corporate earnings see gains for Cisco and MGM Resorts, but losses for Datadog and Deere. European stock rally boosts US markets, despite concerns over possible tariffs. US jobless claims show a stronger labor market. (words: 50)
Jan PPI data shows final demand and ex-food/energy prices exceeding expectations. Retail sales and manufacturing production reports later this week. Earnings season sees over 77% of S&P 500 companies beating estimates. Markets predict a small chance of a rate cut at the next FOMC meeting. European and Asian stock markets experience mixed results. (words: 50)
Interest rates see 10-year T-notes rise, influenced by European bonds and lower inflation expectations. Weekly jobless claims and Jan PPI data impact Fed policy outlook. European bond yields show declines. Dec industrial production in Eurozone falls. ECB expected to cut rates in March. (words: 50)
Stock movers include MGM Resorts, Cisco Systems, and AppLovin seeing gains. GE HealthCare, Molson Coors, and Dutch Bros also rise. Losers like West Pharmaceutical and Trade Desk forecast lower earnings. Negative forecasts from Datadog, GXO Logistics, Zoetis, and Reddit impact stock prices. Deere & Co predicts lower sales. (words: 50)
Kraft Heinz stock down after downgrade. Earnings reports for various companies scheduled for 2/13. Author does not hold positions in mentioned securities. Information for informational purposes only. (words: 25)
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