Evening Market Recap - Thursday, 14-Sep

US equities were higher in Thursday trading, ending just off best levels, with the Dow Jones, S&P500, and Nasdaq finishing up 96bps, 84bps, and 81bps respectively. Headline PPI much hotter than expected but core PPI in line and continuing to slow on a y/y basis. Headline and core control retail sales came in stronger. Initial claims were lower than expected, highlighting a still strong labor market. UAW president said union and automakers remain far apart on negotiations. ARM’s IPO priced at $51 a share, at the top of the indicated range and valuing the company at ~$54.5B.