Hotter Than Expected PPI Reading Drags Down Stock Futures

In yesterday’s trading session, Wall Street’s major indexes ended in the green. Chip and AI-infrastructure stocks advanced, with Western Digital (WDC) climbing over +9% to lead gainers in the S&P 500 and Nasdaq 100, and Arm Holdings (ARM) rising more than +4%. Also, airline stocks climbed after some executives pointed to robust bookings as travelers hurried to secure fares ahead of a potential rise in fuel costs, with Delta Air Lines (DAL) surging over +6% and American Airlines Group (AAL) gaining more than ...