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Barchart
Barchart
Rich Asplund

Stocks Lower On Bearish PPI and Retail Sales Reports

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The S&P 500 Index ($SPX) (SPY) today is down -0.25%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.18%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.03%. 

Stocks are trading slightly lower after today’s bearish PPI and retail sales reports.  The reports suggested a stagflation outlook due to the stronger-than-expected PPI report and weaker-than-expected retail sales report.  Stocks are also lower due to today’s hefty +9.5 bp rise in the 10-year T-note yield. 

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