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Stock market today: Dow, S&P 500, Nasdaq futures extend gains ahead of earnings, wholesale inflation data Yahoo FinanceWholesale prices unexpectedly declined 0.3% in June on big drop in gasoline CNBCWholesale inflation improved as energy prices fell last month — but relief may be temporary CNNInflation Slowed to 3.5% in June, as Americans Got a Break From Gasoline Prices WSJ
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As with consumer prices, the index benefited from easing energy costs, particularly as oil fell due to the brief pause in tensions between the U.S. and Iran.
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Home prices are growing much slower than they did during the pandemic-era buying frenzy.
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Copper prices have climbed 12.5% since the start of the year, with Nvidia and Broadcom up around the same amount in that time.
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The United States reinstated its blockade on Iranian ports in the Strait of Hormuz and shipping slowed to a crawl amid the renewed warfare in the critical waterway.
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CPI Report Live Updates: Inflation Cools to 3.5% Annually as Oil Prices Drop The New York TimesInflation Slowed to 3.5% in June, as Americans Got a Break From Gasoline Prices WSJA Better Day for Inflation, a Bummer for IBM Bloomberg.comStock futures are flat after soft inflation reading lifts market: Live updates CNBC
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Inflation eased in June but economists say tariffs, AI-driven demand and renewed fighting between the U.S. and Iran could keep price pressures elevated for months to come.
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