11:42 AM EDT, 08/14/2025 (MT Newswires) -- Major US stock indexes were down in late morning trading Thursday following a higher-than-expected producer price index print for July.

The PPI rose by 0.9% in July following a flat reading in June, well above the 0.2% gain expected in a survey compiled by Bloomberg as of 7:50 am ET and the largest monthly gain since June 2022. Excluding food and energy prices, core PPI was still up by 0.9%, the largest gain since March 2022 and well above the 0.2% increase expected.

Deere (DE) reported fiscal Q3 earnings Thursday of $4.75 per diluted share, down from $6.29 a year earlier but above the FactSet consensus analyst estimate of $4.71. Fiscal Q3 net sales were $10.36 billion, down from $11.39 billion a year ago but above the FactSet consensus of $10.35 billion. For fiscal 2025, the company expects net income in a range of $4.75 billion to $5.25 billion, compared to its previous guidance of $4.75 billion to $5.50 billion. Analysts expect $5.03 billion. Deere shares were down 8.3% around midday.

Walmart ( WMT ) has renegotiated its arrangement with Trade Desk ( TTD ) so that advertisers buying spots on the Web using Walmart ( WMT ) shopper data no longer have to exclusively use Trade Desk's ( TTD ) technology, The Information reported Thursday, citing a person familiar with the matter. Walmart ( WMT ) shares were down 0.1%, while those of Trade Desk ( TTD ) were down 6.6%. Shares of Trade Desk's ( TTD ) ad tech rival, Amazon.com ( AMZN ) , were up 1.8%.

Tapestry (TPR) reported fiscal Q4 non-GAAP earnings Thursday of $1.04 per diluted share, up from $0.92 a year earlier and above the FactSet consensus estimate of $1.02. Fiscal Q4 net sales were $1.72 billion, up from $1.59 billion a year ago and above the FactSet consensus of $1.68 billion. For fiscal 2026, the company said it expects non-GAAP diluted EPS of $5.30 to $5.45, including a "negative impact of incremental tariffs and duties" of over $0.60. Analysts expect $5.49. Tapestry's board increased its quarterly dividend to $0.40 per share from $0.35, payable on Sept. 22 to shareholders of record on Sept. 5. The company also said it expects to repurchase $800 million in common stock. Tapestry shares were down nearly 15%.

TeraWulf ( WULF ) said Thursday it has executed an 80-year ground lease with Cayuga Operating for about 183 acres at the Cayuga property in Lansing, New York, for the expansion of high-performance computing and AI data center hosting. TeraWulf ( WULF ) shares were up more than 42%.

Price: 471.97, Change: -41.58, Percent Change: -8.10