Hot PPI Report Pushes Fed Rate-Hike Odds to 76%
August wholesale inflation rose 5.4% year-over-year, hotter than expected, pushing the probability of a Federal Reserve rate hike at next week's meeting to roughly 76% from about 60% a day earlier.
MarketCatalystAugust wholesale inflation rose 5.4% year-over-year, hotter than expected, pushing the probability of a Federal Reserve rate hike at next week's meeting to roughly 76% from about 60% a day earlier.
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U.S. stocks closed lower for a third straight session Wednesday as oil jumped 3.8% on U.S.-Iran escalation and the 10-year yield stayed elevated, with the Russell 2000 leading declines even as a Chewy earnings beat and Apple's product event drew attention.
U.S. stocks fell for a tenth straight post-Labor Day session as Brent crude neared $100, the 10-year yield sat near 4.80%, and enterprise software lagged even as chipmakers and energy held up.
Bloom Energy shares climbed as much as 10% after the fuel-cell maker landed a spot in the S&P 500. The move caps a blowout year built on AI data center demand, but a lingering scandium sourcing dispute and a rich valuation are keeping some investors cautious.
Palantir landed a $127 million U.S. Army deal for eight TITAN battlefield systems on Tuesday — and its stock still fell about 7% the next day. Here's what actually moved Palantir, Palo Alto Networks, Fortinet, CrowdStrike, ServiceNow, Cloudflare, Snowflake, and Datadog.