US stocks up, Dow gains over 100 points. Real estate sector rises, energy sector falls. Producer Price Index unchanged, inflation rate down.
U.S. producer inflation eased to 4.7% in July (from 5.5%), with PPI flat versus 0.2% expectations—reducing component and supply-chain cost pressure. Jobless claims ticked up; cooling inflation and positive equity sentiment favor IT capex and team expansion budgets, but labor market tightening threatens hiring cost growth.
U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 100 points on Thursday.
Following the market opening Thursday, the Dow traded up 0.25% to 53,902.41 while the NASDAQ rose 0.23% to 26,649.79. The S&P 500 also rose, gaining, 0.29% to 7,771.38.
Leading and Lagging Sectors
Real estate shares jumped by 0.7% on Thursday.
In trading on Thursday, energy stocks fell by 0.7%.
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