US Stocks Rise as Wholesale Inventories Fall 0.3% in May

US stocks traded higher on Wednesday, with the Dow Jones index gaining 200 points. Wholesale inventories fell 0.3% in May to $905.5 billion. Communication services shares rose 1.6%, while energy stocks dipped 0.6%. Commodities saw oil trade down 0.8% and gold down 0.1%. European shares were higher, with the STOXX 600 rising 0.8%. Asian markets closed mostly lower, with Japan's Nikkei gaining 0.33%. US wholesale inventories declined by 0.3% in May, in-line with the preliminary estimate.

Title: U.S. Wholesale Inventories Decline in May; Stocks Rise on Positive News

US stocks traded higher on Wednesday, with the Dow Jones index gaining 200 points. This positive market performance was driven by several factors, including a decline in wholesale inventories and sector-specific movements.

Wholesale inventories fell by 0.3% in May to $905.5 billion, matching the preliminary estimate and reversing a 0.1% increase in the previous month [1]. This marked the first decrease in inventories since December 2024. Durable goods stocks fell by 0.8%, while inventories of nondurable goods rose by 0.5% [1]. On a yearly basis, wholesale inventories increased by 1.4% in May [1].

Communication services shares rose by 1.6%, while energy stocks dipped by 0.6% [2]. The market's performance was also influenced by commodity prices. Oil traded down by 0.8% to $67.82, and gold fell by 0.1% to $3,315.70 [2]. Silver and copper also saw declines, with silver dropping 0.5% and copper falling 3% [2].

European shares were higher, with the STOXX 600 rising by 0.8%, and other major indices, such as the FTSE 100, DAX 40, and CAC 40, also posting gains [2]. In contrast, Asian markets closed mostly lower, with Japan's Nikkei gaining 0.33% and other indices such as the Hang Seng and Shanghai Composite declining [2].

The decline in wholesale inventories, along with the positive market sentiment, contributed to the overall rise in US stocks. The market continues to watch for further developments, including potential rate cuts by the Federal Reserve and tariff-driven uncertainty [3].

References:
[1] https://www.tradingview.com/news/te_news:468998:0-us-wholesale-inventories-decline-unrevised/
[2] https://www.benzinga.com/news/25/07/46321522/dow-jumps-200-points-us-wholesale-inventories-fall-0-3-in-may
[3] https://www.marketwatch.com/livecoverage/stock-market-today-dwo-s-p500-nasdaq-steady-as-tariff-angst-weighs-copper-at-record/card/dow-ends-up-over-200-points-nvidia-powers-nasdaq-composite-to-new-record-TTA5QaArtD1XlKb9szl0