Stocks fight for direction at open after surge in producer prices
U.S. stocks were aimless at the start of Friday as producer prices surged in March, reviving fears of inflationary pressures. The S&P 500 SPX, 0.35% was up less than 0.1% to 4,099. The Dow Jones Industrial…
From the Equity Insider archive. This article dates from Apr 9, 2021 and is preserved as first published.
U.S. stocks were aimless at the start of Friday as producer prices surged in March, reviving fears of inflationary pressures. The S&P 500 SPX, 0.35% was up less than 0.1% to 4,099. The Dow Jones Industrial Average DJIA, 0.40% advanced 103 points, or 0.3%, to 33,607.
stocks were aimless at the start of Friday as producer prices surged in March, reviving fears of inflationary pressures.
The Nasdaq Composite COMP, 0.14% fell 60 points, or 0.4%, to 13,769. U.S. producer prices rose 1% in March, well above the 0.5% rise expected by MarketWatch-polled analysts. Shares of Boeing Co. BA, -1.37% were down 2% after it flagged a potential electrical issue in certain 737 MAX aircraft, asking 16 customers to address it before further operations.
