The Nasdaq 100 $^NDX opened Thursday's trading session in negative territory following the release of a stronger-than-expected U.S. Producer Price Index (PPI) report. As a key inflation metric that measures the average change in selling prices received by domestic producers for their output, the PPI holds significant weight in shaping monetary policy expectations. The unexpected uptick in producer prices reignited concerns over persistent inflationary pressures in the U.S. economy, potentially complicating the Federal Reserve’s path toward interest rate normalization.

U.S. consumer inflation appears to have risen modestly in May 2025, according to economists surveyed by FactSet. The Consumer Price Index (CPI) is projected to have increased by 2.5% year-over-year, up from 2.3% in April. This marks the first acceleration in four months, highlighting a renewed inflationary push driven by revived trade tariffs.