PPI Remained Unchanged

Economic Indicators - The Producer Price Index (PPI) for June showed a month-over-month change of 0.0%, which was lower than the expected +0.2% and down from the revised +0.3% of the previous month [2][3] - Year-over-year, the headline PPI increased by +2.3%, which is 30 basis points below expectations and the lowest since +2.1% reported in September of the previous year [4] - Core PPI year-over-year reached +2.6%, slightly below estimates and down 40 basis points from the May figure of +3.0% [4] Financial Sector Performance - Bank of America reported earnings of 89 cents per share, beating expectations by 3 cents, although revenues missed estimates by 0.5% [7] - Goldman Sachs delivered a strong Q2 earnings report with earnings of $10.91 per share, surpassing expectations by +15.7% and revenues of $14.58 billion, exceeding estimates by +8% [8] - Morgan Stanley reported earnings of $2.13 per share and revenues of $16.79 billion, outperforming consensus estimates by +10.36% and +5.5% respectively [9] Company-Specific Highlights - Johnson & Johnson's Q2 earnings beat expectations with earnings of $2.77 per share, exceeding projections of $2.66, and revenues of $23.7 billion, which were higher than the expected $22.80 billion [10]