"The PPI confirmed the cooling inflation shown in yesterday's CPI, but the lower-than-expected weekly jobless claims number was a reminder of continued labor market tightness," said Mike Loewengart, head of model portfolio construction at Morgan Stanley Global Investment Office. Core PPI, which strips out volatile food and energy prices, climbed 0.1% - also lower than expectations. Economists polled by Dow Jones had expected an increase of 0.2%. The PPI, which measures what wholesalers pay for goods, rose 0.1% in June. June's producer price index report rose less than anticipated, building upon optimism from Wednesday's consumer price index data. Meanwhile, shares of MGM Resorts and Alphabet rose 4.1% and 4.7%, respectively. Personal Loans for 670 Credit Score or LowerĬybersecurity stock Palo Alto Networks jumped 2.7%. Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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