WS #12160
June PPI fell 0.3% month-over-month, below expectations, reinforcing disinflation narrative and reducing Fed rate hike bets; US bonds rally, equities rise with S&P 500 up 0.4%. Apple, Amazon, Microsoft, Alphabet each rose ~3-4%; Apple hit all-time high on China AI approval; SpaceX shares briefly dip below IPO price.
Cooler US Inflation Data Boosts Markets
June PPI fell 0.3% month-over-month, below expectations, reinforcing disinflation narrative and reducing Fed rate hike bets; US bonds rally, equities rise with S&P 500 up 0.4%.
Apple, Amazon, Microsoft, Alphabet each rose ~3-4%; Apple hit all-time high on China AI approval; SpaceX shares briefly dip below IPO price.