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Stocks Mostly Up Pre-Bell Ahead of Latest PPI Report; Asia Falls, Europe Rises
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Stocks Mostly Up Pre-Bell Ahead of Latest PPI Report; Asia Falls, Europe Rises
Mar 13, 2025 4:23 AM

07:03 AM EDT, 03/13/2025 (MT Newswires) -- US benchmark equity indexes mostly edged higher before the opening bell Thursday as traders await last month's data on producer prices.

Standard & Poor's 500 was slightly in the green and the Dow Jones Industrial Average ticked up 0.1%, while the Nasdaq was off 0.1% in premarket activity. Asian exchanges were pointing lower while European bourses were trending higher midday on the continent.

February's producer price index report, a measure for wholesale prices, is scheduled to be released at 8:30 am ET. The data comes a day after the Bureau of Labor Statistics reported that consumer inflation decelerated more than projected in the previous month on a sequential basis.

Also on Thursday's economic calendar, the weekly jobless claims bulletin posts at 8:30 am, followed by the revised fourth-quarter services survey at 10 am. The weekly EIA natural-gas supplies report is out at 10:30 am.

Shares of Intel ( INTC ) jumped 11% pre-bell as the chipmaker appointed semiconductor industry veteran Lip-Bu Tan as its new chief executive. Adobe (ADBE) fell 4.7% after the software maker's latest quarterly results and guidance. UiPath ( PATH ) and SentinelOne ( S ) dropped 18% and 14%, respectively, following their latest quarterly results.

Dollar General ( DG ) , Futu ( FUTU ) , Weibo ( WB ) and D-Wave Quantum ( QBTS ) release earnings before the bell, among others. DocuSign ( DOCU ) , Ulta Beauty ( ULTA ) and Rubrik ( RBRK ) post their financial statements after the markets close.

Before the opening bell, bitcoin increased 0.5% to $83,253, West Texas Intermediate crude oil declined 0.5% to $67.33 a barrel, yields on 10-year Treasuries rose 1.8 basis points to 4.33% and gold inclined 0.2% to $2,953 an ounce.

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