WS #12165
June PPI fell 0.3% MoM vs flat expected, reinforcing disinflation narrative and boosting growth stocks; rate hike odds drop. Apple stock rose 4% nearing a $5 trillion market cap, driven by AI optimism and cool inflation data. SpaceX shares fell below $135 IPO price, wiping $1.7 trillion in value; concerns over debt-funded AI infrastructure and valuation. Dell fell 9.8% on AI overcapacity fears as Meta plans surplus capacity leasing, signaling potential capex slowdown.
Cool US PPI Data and Market Rally
June PPI fell 0.3% MoM vs flat expected, reinforcing disinflation narrative and boosting growth stocks; rate hike odds drop.
Apple stock rose 4% nearing a $5 trillion market cap, driven by AI optimism and cool inflation data.
SpaceX shares fell below $135 IPO price, wiping $1.7 trillion in value; concerns over debt-funded AI infrastructure and valuation.
Dell fell 9.8% on AI overcapacity fears as Meta plans surplus capacity leasing, signaling potential capex slowdown.