Stock Market Today: Stocks Extend Win Streak After Promising Inflation Data
All three major indexes closed higher for a fourth straight day after this morning's June producer price index report.


Today's producer price index (PPI), which measures what businesses are charging suppliers for goods, confirmed what Wednesday's consumer price index (CPI) did – that inflation continued to ease in June.
The data were enough to keep the momentum going in stocks, with all three major indexes closing higher for a fourth straight day.
Ahead of the opening bell, the Bureau of Labor Statistics said the June PPI rose 0.1% on both a monthly and yearly basis in June, beating economists' estimates. Core PPI, which excludes volatile food and energy prices, also beat forecasts, rising 0.1% month-over-month and 2.6% year-over-year.

Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
Separately, data from the Labor Department showed initial jobless claims fell 12,000 last week to 237,000. Continuing claims rose by 64,431 to 1.76 million.
"This morning's Producer Price Index is a sequel to yesterday's Consumer Price Index showing that inflation is continuing to weaken, which is sustaining an already strong equity rally," says José Torres, senior economist at Interactive Brokers. Additionally, this morning's jobs data "imply that the Federal Reserve can potentially continue to tighten monetary policy without significantly weakening the labor market."
PepsiCo pops after earnings
In single-stock news, Delta Air Lines (DAL) was up nearly 4% at its intraday high after the air carrier reported higher-than-expected earnings of $2.68 per share. Revenue of $15.6 billion also topped forecasts. Additionally, the company raised its full-year outlook, citing "robust" travel demand. Still, DAL finished the day down 0.5%.
PepsiCo (PEP) was also in the earnings spotlight, climbing 2.4% after its results. The soft drink and snack maker's second-quarter earnings of $2.09 per share on $22.3 billion in revenue handily beat analysts' estimates. It also lifted its fiscal 2023 guidance for the second straight quarter.
Big banks are next up on the earnings calendar, with JPMorgan Chase (JPM) and Wells Fargo (WFC) among those reporting tomorrow morning.
As for the major indexes, the Nasdaq Composite popped 1.6% to 14,138, the S&P 500 gained 0.9% to 4,510, and the Dow Jones Industrial Average rose 0.1% to 34,395.
IBM stock's disappoints long-term investors
We talk a lot about stock picking in this space. Sometimes we do so by taking a closer look at the stocks Warren Buffett is buying or selling in the Berkshire Hathaway equity portfolio. In other cases we dive into regulatory filings to see which blue chip stocks are being scooped up by hedge funds.
We've also crunched the numbers on several individual stocks to see which ones have been rock-solid investment ideas over the last two decades. Not surprisingly, several mega-cap tech stocks make the list, including Nvidia (NVDA), Apple (AAPL) and Microsoft (MSFT).
But on the other end of the scale are stocks that have been massive disappointments for investors. Take, for instance, International Business Machines (IBM). The once venerable industry leader has been a market laggard for some time now, and turned in a dismal 20-year return for investors. Just how bad? Dan Burrows, senior investing writer at Kiplinger.com, does the math on IBM stock.
Related Content
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at Kiplinger.com. She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at a local investment research firm. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.
-
Best Home Rental Websites and Apps 2025
The best home rental websites and apps, such as Rent.com, Apartment Guide, Airbnb and Vrbo, can make finding a home or vacation rental a whole lot easier.
-
Stock Market Today: Markets Chop Up More Trump Threats
Stocks are grinding to new highs on light summer volume, and bitcoin is only getting bigger.
-
Stock Market Today: Markets Chop Up More Trump Threats
Stocks are grinding to new highs on light summer volume, and bitcoin is only getting bigger.
-
If You'd Put $1,000 Into Procter & Gamble Stock 20 Years Ago, Here's What You'd Have Today
Procter & Gamble stock is a dependable dividend grower, but a disappointing long-term holding.
-
Stock Market Today: Stocks Slip Ahead of Big Earnings, Inflation Week
Perhaps uncertainty about tariffs, inflation, interest rates and economic growth can only be answered with earnings.
-
Stock Market Today: Solid Signals Lift Stocks Despite Tariff Noise
Markets are whistling over the White House in an ongoing display of corporate America's enduring ability to survive and advance.
-
Dividend Increases: 7 Stocks With Rising Payouts
While dividend growth has been slowing, certain stocks have raised their dividend payouts. These are some selections.
-
Stock Market Today: Trump's Copper Comments Cause a Stir
Markets remain resilient and monetary policy makers stand fast against a rising tide of new terms of trade, including around copper.
-
Stock Market Today: Trump Reextends His Tariff Deadline
When it comes to this president, his trade war, the economy, financial markets and uncertainty, "known unknowns" are better than "unknown unknowns."
-
Stock Market Today: President Trump Reboots the Tariff Trade
A broad consensus that markets hate uncertainty more than anything else is being tested on an almost daily basis in 2025.