Stock Market Today: Stocks gyrate after PPI and weekly labor data deliver gut punch originally appeared on TheStreet.

Good morning. The market is open. Investors are digesting the release of key economic data this morning, namely the Producer Price Index (PPI) and Initial / Continuing Jobless Claims. Both will be instrumental in discerning what direction the market is going today. More on that below.

Stocks are trading to the downside after the Producer Price Index (PPI) and weekly labor data was released at 8:30 a.m. ET.

Here's the summary:

PPI: +3.3% year-over-year; +0.9% month-over-month [Expected: +2.5% YoY; +0.2% MoM]

Core PPI: +3.7% YoY / +0.9% MoM [Exp: +2.9% YoY; +0.9% MoM]

Initial Claims: 224,000 [Prev: 227,000] [Exp: 228,000]

Continuing Claims: 1,953,000 [Prev: 1,968,000]

While initial and continuing claims declined week-over-week, but the 4-week average of jobless claims increased modestly to 221,750 (from 221,000.)

And more importantly, the PPI print is really hot. Much worse than the CPI and Core CPI, which came out earlier this week.

As a result, investors are a little more squeamish about that September rate cut that just felt like a given. The Russell 2000 (-1.3%) is seeing the steepest losses after the report. The S&P 500 (-0.1%), Nasdaq (-0.12%), and Dow (-0.18%) are down, too.

There's 171 earnings reports on deck this Thursday, with 58 set for this morning, per data from TipRanks.

Among the largest this morning are coming from Deere DE, NetEase  (NTES) , and JD  (JD) , among others.

Here are the top ten reports, sorted by market cap:

In about an hour's time, we'll receive the bulk of economic data for the day. Per data sourced from TradingEconomics, the largest readouts to watch will be...

Producer Price Index (PPI) [Prev: 0%] [Consensus: +0.2%]

Core PPI [Prev: 0%] [Consensus: +0.2%]

Initial Jobless Claims [Prev: 226,000] [Consensus: 228,000]

Continuing Jobless Claims [Prev: 1,974,000] [Consensus: 1,960,000]

Plus, at 2:00 p.m. ET, Richmond Fed President Barkin will be speaking. Commentary from various Fed leaders in recent days has been illuminative into how the central bank is looking at economic data, in light of information which has been as supportive of a September rate cut.

Stock Market Today: Stocks gyrate after PPI and weekly labor data deliver gut punch first appeared on TheStreet on Aug 14, 2025

This story was originally reported by TheStreet on Aug 14, 2025, where it first appeared.