US stock indices rose on Wednesday, as investors weighed softer-than-expected producer inflation data and a flurry of corporate earnings.
At the opening bell, the Dow Jones Industrial Average rose 95.9 points, or 0.18%, to 52604.2. The S&P 500 gained 28.1 points, or 0.37%, to 7571.72, while the Nasdaq Composite advanced 154.2 points, or 0.59%, to 26261.183.
The Producer Price Index (PPI) dropped by 0.3% month-on-month in June, the first such contraction since August 2025, reflecting a pullback in energy prices at the time.
The improved PPI data came after Tuesday’s Consumer Price Index reading showed lower inflation than expected.
The Inflation figures helped ease concerns about possible Federal Reserve interest rate hikes.
“The PPI numbers were another pleasant surprise,” said Steve Sosnick of Interactive Brokers.
“The market is sort of looking through it a little bit, because first of all we had the good numbers yesterday and secondly because since those numbers were compiled, we’ve seen energy move in the wrong direction.”
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