Wednesday, July fifteenth, 2026
Pre-market futures are gathering steam following this morning’s slew of financial information, which was fairly encouraging total. Wholesale inflation and one other spherical of Q2 earnings outcomes, together with a New York manufacturing index, has seen the blue-chip Dow up from +99 factors to +140 at this hour. The S&P 500 is +10 at this hour, and the Nasdaq is +150. The small-cap Russell 2000 is +4 factors.
PPI for June Higher than Anticipated: -0.3%, +5.5%
Following Tuesday’s retail inflation numbers from the Client Value Index (CPI), which confirmed pressures on the economic system abating, this morning’s Producer Value Index (PPI) for June — the wholesale inflation print — brings us extra of the identical: -0.3% on month-over-month headline, decrease than each the 0.0% anticipated, and the half-point downward revision for Might to +0.6%. That is the steepest drop since August of final yr, which is the final damaging print on month-over-month PPI.
We all know that the easing of oil costs final month has pushed each PPI and CPI inflation numbers decrease for June. However stripping out risky meals and vitality prices, we solely swing as much as +0.2% for the month, 10 foundation factors (bps) under expectations, with the prior month’s revisions ratcheting down significantly, as nicely.
Yr over yr PPI pulls again to +5.5% — 100 bps decrease than final month’s preliminary print, which has been revised down one other half a degree to +6.0%. Core yr over yr reduces to +4.7%, additional demonstrating much less of an inflationary pressure on the economic system than we noticed a month in the past. Ex-food, vitality and commerce was nonetheless the very best in additional than three years at +5.1%, however that’s nonetheless decrease than analysts had been projecting.
The opening of the Strait of Hormuz final month (which is presently in jeopardy contemplating information studies out of the Center East this morning, making these PPI numbers doubtlessly a mere fleeting aid) despatched Vitality costs down -6.4% on wholesale inflation, with Diesel hurtling -18% downward. General, Items dropped -1.4% and Meals was -0.6%. Pre-market futures, as we noticed above, are proud of these numbers, regardless.
Q2 Earnings Right this moment: Morgan Stanley, BlackRock Forward of the Bell
Funding big Morgan Stanley MS reported Q2 earnings forward of at the moment’s opening bell, with huge beats on each high and backside traces. Earnings of $3.46 per share zoomed previous the $2.89 within the Zacks consensus for a +19.7% constructive shock. Revenues additionally impressed: $21.38 billion had been +8.9% larger than anticipated. Shares are promoting the information a bit, nevertheless, because the inventory had already risen +28% yr thus far previous to the print. For extra on MS’ earnings, click on right here.
Wall Road competitor BlackRock BLK additionally outperformed estimates forward of the open this morning, with earnings of $13.91 per share nicely forward of the $12.67 projected and $12.05 per share reported a yr in the past. Revenues of $7.08 billion beat consensus by +3.75%, and towers above the $5.42 billion in revenues the corporate posted for Q2 of final yr. Shares are up +5.6% on the information, pushing the inventory into constructive territory yr thus far. For extra on BLK’s earnings, click on right here.
Exterior the world of Massive Finance, Johnson & Johnson JNJ outpaced earnings estimates by 6 cents to $2.90 per share this morning, for a +2.1% constructive shock. Revenues of $25.31 billion surpassed the Zacks consensus by +0.53%. Family items and prescription drugs sometimes don’t deliver the gaudy margins the AI companies or huge funding homes do, although the inventory continues to be up greater than +20% yr thus far, regardless of this morning’s slight selloff on the Q2 information. For extra on JNJ’s earnings, click on right here.
After at the moment’s shut, we’ll see earnings from United Airways UAL. Earnings are anticipated to come back in -51% from a yr in the past — larger gasoline prices took a chew out of the airways final quarter — on +16% good points in revenues. The corporate carries a Zacks Rank #2 (Purchase) score into this afternoon’s print, and has crushed earnings estimates up to now 4 quarters by a mean of +5%.
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Morgan Stanley (MS) : Free Inventory Evaluation Report
Johnson & Johnson (JNJ) : Free Inventory Evaluation Report
United Airways Holdings Inc (UAL) : Free Inventory Evaluation Report
BlackRock (BLK) : Free Inventory Evaluation Report
This text initially revealed on Zacks Funding Analysis (zacks.com).
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
