Live Updates Live Coverage Updates appear automatically as they are published. Markets Red on Hot PPI Data 9:44 am Markets opened in the red after July’s wholesale inflation numbers came in hotter than expected.

Signs that U.S. tariffs on imports have not fully filtered into headline consumer prices came as a relief for investors this week as they seek insight on the impact of trade uncertainty on the economy.

All three major stock indexes finished higher on Wednesday, with the S&P 500 and Nasdaq Composite climbing to fresh records despite bouts of weakness, as traders boosted the chances of 2025 interest-rate cuts.