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Yahoo
2 days ago
- Business
- Yahoo
Stock Market Today: Stocks gyrate after PPI and weekly labor data deliver gut punch
Stock Market Today: Stocks gyrate after PPI and weekly labor data deliver gut punch originally appeared on TheStreet. Good morning. The market is open. Investors are digesting the release of key economic data this morning, namely the Producer Price Index (PPI) and Initial / Continuing Jobless Claims. Both will be instrumental in discerning what direction the market is going today. More on that below. Data Drop: PPI + Labor Numbers Stocks are trading to the downside after the Producer Price Index (PPI) and weekly labor data was released at 8:30 a.m. ET. Here's the summary: PPI: +3.3% year-over-year; +0.9% month-over-month [Expected: +2.5% YoY; +0.2% MoM] Core PPI: +3.7% YoY / +0.9% MoM [Exp: +2.9% YoY; +0.9% MoM] Initial Claims: 224,000 [Prev: 227,000] [Exp: 228,000] Continuing Claims: 1,953,000 [Prev: 1,968,000] While initial and continuing claims declined week-over-week, but the 4-week average of jobless claims increased modestly to 221,750 (from 221,000.) And more importantly, the PPI print is really hot. Much worse than the CPI and Core CPI, which came out earlier this week. As a result, investors are a little more squeamish about that September rate cut that just felt like a given. The Russell 2000 (-1.3%) is seeing the steepest losses after the report. The S&P 500 (-0.1%), Nasdaq (-0.12%), and Dow (-0.18%) are down, too. Earnings Today: JD, Deere, NetEase There's 171 earnings reports on deck this Thursday, with 58 set for this morning, per data from TipRanks. Among the largest this morning are coming from Deere DE, NetEase () , and JD () , among others. Here are the top ten reports, sorted by market cap: Economic Data In about an hour's time, we'll receive the bulk of economic data for the day. Per data sourced from TradingEconomics, the largest readouts to watch will be... Producer Price Index (PPI) [Prev: 0%] [Consensus: +0.2%] Core PPI [Prev: 0%] [Consensus: +0.2%] Initial Jobless Claims [Prev: 226,000] [Consensus: 228,000] Continuing Jobless Claims [Prev: 1,974,000] [Consensus: 1,960,000] Plus, at 2:00 p.m. ET, Richmond Fed President Barkin will be speaking. Commentary from various Fed leaders in recent days has been illuminative into how the central bank is looking at economic data, in light of information which has been as supportive of a September rate cut. Stock Market Today: Stocks gyrate after PPI and weekly labor data deliver gut punch first appeared on TheStreet on Aug 14, 2025 This story was originally reported by TheStreet on Aug 14, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Powell may lean hawkish next week—Wolfe
-- In a note to clients Thursday, Wolfe Research analysts warned that Federal Reserve Chair Jerome Powell could deliver a hawkish message at next week's Jackson Hole Symposium, potentially unsettling equity markets. Following Tuesday's slightly hotter-than-expected Core CPI reading, the analysts said they expect today's July Producer Price Index to be 'highly watched' because some components feed into the Fed's preferred inflation gauge, the PCE Deflator, later this month. 'Markets have surprisingly reacted favorably to hotter inflation thus far,' Wolfe said, noting that Fed funds futures still price in about 2.5 rate cuts by year-end. With U.S. stocks continuing to hit record highs, Wolfe argued the symposium could be 'a chance for Fed Chair Powell to take a hawkish stance on interest rate policy.' The firm said the annual Jackson Hole gathering has historically been an opportunity for Powell 'to reset expectations and reiterate the central bank's stance on monetary policy.' After the CPI report showed 'stickier Core Services Ex. Housing and Core Goods components contributing more to the rise in inflation,' Wolfe sees 'risk of the Fed potentially cutting fewer times than market expectations.' The analysts cautioned that the event could be 'a potentially negative event for stocks' and reiterated their recommendation for 'barbell positioning' in portfolios, balancing exposure to both defensive and cyclical assets. Wolfe added that inflation pressures remain 'hiding in plain sight' and that investors should prepare for the possibility that the Fed's path toward easing may be more gradual than markets currently anticipate. Related articles Powell may lean hawkish next week—Wolfe Risks Rising? Smart Money Dodged 46%+ Drawdowns on These High-Flying Names Tesla: Hype Aside, How Much Is the EV Giant Really Worth Now? Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Time of India
6 days ago
- Business
- Time of India
Gold rate outlook: Gold may extend rally amid macroeconomic uncertainty; analysts flag tariffs, central bank buying as key drivers
Gold prices are poised to extend gains in the coming week as macroeconomic uncertainty, trade tensions and central bank buying continue to fuel investor demand, analysts said. Traders will track a string of key economic data releases, including GDP figures from the UK and EU, and US Core PPI and Core CPI data. Tired of too many ads? go ad free now Speeches from US Federal Reserve officials will also be closely watched for clues on the near-term trajectory of gold prices, PTI reported. Prathamesh Mallya, DVP – Research, Non-Agri Commodities and Currencies at Angel One, said gold is making fresh highs in both domestic and international futures markets. 'From the lows of Rs 98,079 per 10 grams on July 28, to the highs of Rs 1,02,250 per 10 grams, the shine in gold prices continues to increase the wealth of gold investors. In the international markets, prices have surged from $3,268 per ounce on July 30 to $3,534.10 per ounce as of August 8. The rally seems unstoppable,' he said. Last week, the most traded October gold futures climbed Rs 1,763, or 1.77 per cent, on the Multi Commodity Exchange (MCX). Mallya attributed part of the surge to heightened tariff tensions. 'If it escalates further, gold might rally towards the $3,800 per ounce mark internationally, while MCX futures could head to Rs 1,10,000 per 10 grams over the next three months,' he said. He added, 'Tariffs, tariffs, tariffs — it goes round and unending. In order to reshape global trade in America's favour, the US has started imposing higher tariffs on goods from dozens of trading partners, and India has found itself in the crosshairs of US President Donald Trump as he announced doubling tariffs on India to 50 per cent over its move to purchase oil from Russia. This macro uncertainty has led investors globally to realign their portfolios, increasing allocations to gold. Tired of too many ads? go ad free now ' Jateen Trivedi, VP Research Analyst – Commodity and Currency at LKP Securities, said the near-term bias for gold remains positive as long as it holds above Rs 99,000 per 10 grams. 'While the dollar's strength last week capped upside in gold, domestic prices are cushioned by rupee weakness, which is likely to keep the downside limited. Volatility is expected to persist, with a broader trading range of $3,360–3,425 on Comex and Rs 98,500–1,03,000 per 10 grams on the MCX,' he noted, quoted PTI. NS Ramaswamy, Head of Commodity & CRM at Ventura Securities, said weaker-than-expected US economic data has intensified speculation about a Federal Reserve rate cut. On Friday, Comex gold futures for December delivery touched an all-time high of $3,534.10 per ounce before settling at $3,491.30. 'With both US growth and inflation worsening after last week's soft jobs report, gold remains at record levels. Central banks are buying, global trade wars are ongoing, geopolitical risks are elevated, and ETF holdings continue to expand. The Fed cutting interest rates could be the missing catalyst to reignite a record-breaking rally,' he said. Ramaswamy also pointed to fresh triggers, including the US imposing import tariffs on one-kilo and 100-ounce gold bars, raising supply concerns, and fears about the Federal Reserve's independence, both of which are boosting investor demand. 'Looking ahead, investors believe central banks will continue to add gold to their reserves given the still-uncertain economic environment and the drive to diversify away from the US Dollar,' he added. Analysts said unless macroeconomic conditions reverse sharply, the mix of geopolitical uncertainty, trade tensions, currency fluctuations and central bank demand is likely to keep gold on an upward trajectory in the medium term.
