US PPI July 2026 Outlook Darkens As Strait Closure Ends The Fuel Tailwind
2 Articles
2 Articles
Soft PPI data makes these three chip stocks worth buying
July producer prices (PPI) came in flat month-over-month, lower than a 0.2% increase economists had forecast. The reading pulled the probability of a Fed rate hike in September down significantly, driving the benchmark S&P 500 index to a record close near 7,799 while the Nasdaq gained 0.8%. Semiconductor and memory chipmakers spearheaded the session’s advance. Among the standouts were SanDisk, Micron, and Marvell Technology. For capital-intensiv…
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