Stock Market Today: Indexes End Lower as Tech Slips and Bond Yields Rise After PPI

The stock market today witnessed a decline in major indexes, with the tech sector leading the downturn. The Producer Price Index (PPI) report for November, released on Thursday, showed a 0.4% increase in wholesale prices, higher than the expected 0.2%. This unexpected rise in inflation sparked a 6 basis point increase in the 10-year Treasury bond yield to 4.332%. The higher PPI indicates that businesses are facing increased costs, which could lead to higher consumer prices in the future. This, in turn, may prompt the Federal Reserve to reconsider its rate-cutting plans, potentially impacting the broader economy.

The tech sector was particularly affected by the PPI data, with Nvidia and Adobe shares losing more than 1% and nearly 14%, respectively. Tesla shares dropped 1.5% after climbing to record highs in the previous session. Google-parent Alphabet, Meta, and Amazon also ended lower. The Nasdaq retreated from its record high, and the Dow Jones Industrial Average fell over 230 points.

The decline in tech stocks on Thursday was driven by earnings reports and guidance from individual companies. Nvidia shares lost more than 1%, while Adobe stock fell almost 14% on a worse-than-expected revenue outlook. Tesla shares dropped 1.5% after climbing to record highs in the previous session. Google-parent Alphabet, Meta, and Amazon also ended lower. These earnings reports and guidance contributed to the overall decline in tech stocks, which in turn dragged down the Nasdaq and other indexes.

The PPI report's inflation data impacted investor sentiment and market behavior, leading to a decline in U.S. stock indexes. The 10-year Treasury yield rose six basis points to 4.332% following the report, reflecting investor concerns about inflation. Despite the PPI data, investors still anticipate a rate cut at the upcoming Federal Reserve meeting, but the outlook for further easing beyond January remains uncertain.




In conclusion, the stock market today experienced a decline in major indexes, with the tech sector leading the downturn. The Producer Price Index (PPI) report for November showed a 0.4% increase in wholesale prices, higher than the expected 0.2%. This unexpected rise in inflation sparked a 6 basis point increase in the 10-year Treasury bond yield to 4.332%. The higher PPI indicates that businesses are facing increased costs, which could lead to higher consumer prices in the future. This, in turn, may prompt the Federal Reserve to reconsider its rate-cutting plans, potentially impacting the broader economy. The tech sector was particularly affected by the PPI data, with Nvidia and Adobe shares losing more than 1% and nearly 14%, respectively. Tesla shares dropped 1.5% after climbing to record highs in the previous session. Google-parent Alphabet, Meta, and Amazon also ended lower. The Nasdaq retreated from its record high, and the Dow Jones Industrial Average fell over 230 points. The decline in tech stocks on Thursday was driven by earnings reports and guidance from individual companies. The PPI report's inflation data impacted investor sentiment and market behavior, leading to a decline in U.S. stock indexes. The 10-year Treasury yield rose six basis points to 4.332% following the report, reflecting investor concerns about inflation. Despite the PPI data, investors still anticipate a rate cut at the upcoming Federal Reserve meeting, but the outlook for further easing beyond January remains uncertain.