Powell Industries, Inc. shares fall 1.82% premarket as industrials drop ahead of July inflation report.

Powell Industries, Inc. fell 1.82% in premarket trading. The decline in stock price can be attributed to the broader market sentiment, as shares of industrial and transportation companies fell due to traders hedging their bets ahead of key inflation data. Additionally, the anticipation of tariff impacts on consumer-price inflation data and producer-price inflation data later in the week contributed to the negative market sentiment.