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Market Wrap: PPI Flat in August; Rackspace Nixes Sale Idea; Boeing, SpaceX Get NASA Contract
September 16, 2014 5:30 PM EDTMarket wrap for September 16th
End of the Day: S&P 500 up 14.9 to 1,998.98; Dow Jones up 100.8 to 17,131.97; Nasdaq up 33.9 to 4,552.76
* The Producer Price Index for final demand was unchanged in August, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. (Consensus expectations were looking for a flat reading.) Final demand prices advanced 0.1 percent in July and 0.4 percent in June. On an unadjusted basis, the index for final demand increased 1.8 percent for the 12 months ended in August. In August, a 0.3-percent... More
