US Equity Markets End Mixed After Decline in Producer Price Index

04:08 PM EDT, 09/10/2025 (MT Newswires) -- US equity indexes were mixed as the S&P 500 and the Nasdaq Composite hit new all-time highs on Wednesday, but pared gains after a reading on wholesale prices unexpectedly declined.

* The Bureau of Labor Statistics reported Wednesday that the producer price index fell 0.1% in August, following a downwardly revised 0.7% rise in July, compared with a Bloomberg survey forecast of a 0.3% gain. Annual producer price growth slowed to 2.6% from 3.1%, below analysts' estimate of 3.3%.

* The likelihood of a 25-basis-point interest rate cut at the Sept. 17 meeting ended the session at 92.1%, while the chance of a larger 50-basis-point reduction stood at 7.9%, according to the CME FedWatch tool.

* October West Texas Intermediate crude oil rose $1.16 to settle at $63.79 per barrel, while November Brent crude, the global benchmark, was last seen up $1.25 to $67.64.

* Oracle (ORCL) shares were up nearly 37%, leading the S&P 500, after reporting stronger fiscal Q1 results and projecting its contract backlog will surpass $500 billion due to robust demand in the coming months.

* Synopsys (SNPS) lowered its fiscal Q3 guidance after facing difficulties in China and failing to finalize a major contract, which offset strong results in its core electronic design automation business, Deutsche Bank reported. Shares of the company were down nearly 35%.

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