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Market Update: CHH, HST, DOW

In Business
May 14, 2024

Summary

U.S. markets remained near the flat line. The one outlier is the Russell 2000, which leads the pack with a gain of over 1%. Traders seem to be on hold until the release of CPI data tomorrow morning. In related, news, producer prices by way of the PPI report this morning were a bit hotter than expected in certain areas, but overall the report was viewed by most as benign. PPI rose 0.5% in April, above expectations for a 0.3% gain. The March reading was revised down to a 0.1% drop. Meanwhile, Fed Chairman Jerome Powell spoke publically and suggested that recent progress on inflation

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