Overview

• U.S. producer price index held steady in June, missing a projected 0.2% increase
• Equity benchmarks in the United States and Mexico reversed early gains, with the Dow falling 0.29%, S&P 500 down 0.37%, Nasdaq sliding 0.42% and Mexico’s IPyC dipping 0.04%
• Goldman Sachs, Morgan Stanley and Bank of America posted better-than-expected Q2 profits yet saw their shares decline
• Chip stocks dropped after ASML cautioned that looming U.S. tariffs could hamper growth prospects for next year
• Crude oil prices fell nearly 1% as U.S. gasoline and distillate inventories rose, signaling weaker demand