S&P 500 and Nasdaq Eke Out Record Closes After Tame PPI Data

Both indexes ended at record closing highs following tame producer price inflation data.

Summary

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Terms & Concepts
  • PPI (Producer Price Index): An economic indicator tracking average changes in prices received by domestic producers; a tame reading suggests easing inflation pressures.
  • Record Closing High: The highest end-of-day level an index or asset has achieved to date.