A number of stocks jumped in the afternoon session after the major indices rebounded, as Fed Chair Jerome Powell delivered dovish remarks at the much-awaited Jackson Hole symposium. Powell suggested that with inflation risks moderating and unemployment remaining low, the Federal Reserve might consider a shift in its monetary policy stance, including potential interest rate cuts. This outlook eased market concerns about prolonged high interest rates and their impact on economic growth. The prospect of lower borrowing costs bolstered investor confidence, particularly in sectors that have lagged, leading to a broad rally across the market.
Electronic measurement provider Keysight (NYSE:KEYS) reported revenue ahead of Wall Street’s expectations in Q2 CY2025, with sales up 11.1% year on year to $1.35 billion. Guidance for next quarter’s revenue was better than expected at $1.38 billion at the midpoint, 0.7% above analysts’ estimates. Its non-GAAP profit of $1.72 per share was 2.9% above analysts’ consensus estimates.
Electronic measurement provider Keysight (NYSE:KEYS) announced better-than-expected revenue in Q2 CY2025, with sales up 11.1% year on year to $1.35 billion. Guidance for next quarter’s revenue was better than expected at $1.38 billion at the midpoint, 0.7% above analysts’ estimates. Its non-GAAP profit of $1.72 per share was 2.9% above analysts’ consensus estimates.
A number of stocks fell in the afternoon session after an unexpectedly sharp rise in wholesale inflation fueled concerns about rising costs and their impact on corporate profits. The primary catalyst was the July 2025 Producer Price Index (PPI), a measure of inflation at the wholesale level, which jumped 0.9% against forecasts of a 0.2% rise. This represents the most significant monthly increase in over three years, pointing to mounting cost pressures for manufacturers, with tariffs cited as a key factor. This data complicates the Federal Reserve's upcoming interest rate decisions, as persistent inflation may prevent rate cuts, creating a headwind for cyclical sectors like Industrials.
Join us in exploring the top gainers and losers within the S&P500 index one hour before the close of the markets on Thursday as we examine the latest happenings in today's session.
