US Equity Indexes Claw Back Losses Toward Close of Trading While Treasury Yields Rise

03:52 PM EDT, 08/14/2025 (MT Newswires) -- US equity indexes traded little changed to mixed, while government bond yields rose in the final hour of trading on Thursday following a hot wholesale price inflation report.

The Nasdaq fell less than 0.1% to 21,701.1. The S&P 500 was down less than 0.1% to 6,467.3. The Dow Jones Industrial Average was less than 0.1% lower at 44,916.5. All three indexes were off their intraday lows when they were in the negative by at least 0.1%.

Health and communication services led the gainers, while materials and industrials were among the decliners.

Treasury yields advanced, with the 10-year yield up 5.1 basis points to 4.29% and the two-year rate climbed five basis points to 3.74%.

The US Producer Price Index rose 0.9% in July from flat in June, above the 0.2% forecast in a survey compiled by Bloomberg and the largest monthly gain since June 2022, according to the Bureau of Labor Statistics. Excluding the more volatile food and energy prices, core PPI was still up 0.9% from the 0.2% increase expected and unchanged from the previous month. The gain was the biggest since March 2022, the BLS reported Thursday.

Headline PPI was up 3.3% year-over-year in July, while the core PPI rate accelerated to 3.7% annually, both beating the respective 2.4% and 2.6% June rates.

The odds of a 25-basis-point cut in September regained to 93% late on Thursday afternoon, after falling to 89% earlier in the day, according to the CME FedWatch Tool. The likelihood stood at 94% on Wednesday. The remaining 7% probability on Thursday was for the fed funds rate to remain unchanged next month, compared with zero probability a day earlier of no change in rates in September.

The ICE US Dollar Index rose 0.4% to 98.19.

Gold futures fell 0.7% to $3,386.2 per ounce, and silver futures dropped 1.3% to $38.11.

West Texas Intermediate crude oil futures jumped 2.2% to $64.04 a barrel.

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