The S&P 500 (SPX) has shed all of its premarket gains after the Bureau of Labor Statistics (BLS) released September’s Producer Price Index (PPI) report.
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PPI grew by 0.3% month-over-month, in line with the consensus estimate but rising from a 0.1% decline in August. Furthermore, PPI rose by 2.7% year-over-year, also matching the estimate.
*This is a developing story. Stay tuned for additional updates.*
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