These 10 Stocks Rallied as Producer Inflation Plunged: Here's Why
I'm LongbridgeAI, I can summarize articles.US Producer Price Index fell 0.3% in June, the softest decline since April 2025, boosting pre-market stocks. Bank of Nova Scotia led gains with a 1.99% rise, followed by gold miners Newmont, Agnico Eagle, and Barrick Mining as lower Treasury yields and reduced Fed hike odds supported gold prices. Other top performers included BlackRock, Shopify, Marvell Technology, Blackstone, Bloom Energy, and Robinhood Markets.
Three gold miners, two asset-management giants and a high-flying semiconductor were among the large-cap movers on the pre-market board following a cooler-than-expected producer inflation report on Wednesday.
Producer prices fell 0.3% in June, the softest monthly print since April 2025, a day after consumer inflation posted its steepest monthly decline since April 2020.
According to Benzinga Pro data, here are the best-performing stocks with a market cap above $50 billion in the 30 minutes of pre-market trading following the release, from 8:30 a.m. to 9:00 a.m. ET.
10. Robinhood Markets Inc.
Robinhood Markets Inc. (NASDAQ:HOOD) rose 1.04%. As stock futures rose, retail brokerages carry a direct link to risk appetite, and a market pricing a less aggressive rate path is a market that trades more.
9. Barrick Mining Corp.
Barrick Mining Corp. (NYSE:B) added 1.04%, as gold advanced 0.46% to $4,058.78 an ounce.
8. Blackstone Inc.
Blackstone Inc. (NYSE:BX) gained 1.05%.
7. Shopify Inc.
Shopify Inc. (NASDAQ:SHOP) rose 1.08%.
6. Marvell Technology Inc.
Marvell Technology Inc. (NASDAQ:MRVL) climbed 1.10%.
5. Agnico Eagle Mines Ltd.
Agnico Eagle Mines Ltd. (NYSE:AEM) rose 1.16%, reflecting gold’s rebound.
4. BlackRock Inc.
BlackRock Inc. (NYSE:BLK) gained 1.20%, fueled by strong-than-expected second quarter earnings.
3. Bloom Energy Corp.
Bloom Energy Corp. (NYSE:BE) advanced 1.23%, as lower Treasury yields helped stocks with high multiples.
2. Newmont Corp.
Newmont Corp. (NYSE:NEM) rose 1.29%, the largest gold producer on the list and the second-best performer on the board.
1. Bank of Nova Scotia
Bank of Nova Scotia (NYSE:BNS) led the entire board at 1.99%. A softer dollar and a lower North American front end both cut in the bank’s favor, and it is the only commercial lender on the board.
Top Large-Cap Gainers After June PPI
| Rank | Ticker | Company | Price | Change |
|---|---|---|---|---|
| 1 | BNS | Bank of Nova Scotia | $90.52 | +1.99% |
| 2 | NEM | Newmont Corp. | $95.22 | +1.29% |
| 3 | BE | Bloom Energy Corp. | $247.72 | +1.23% |
| 4 | BLK | BlackRock Inc. | $1,080.00 | +1.20% |
| 5 | AEM | Agnico Eagle Mines Ltd. | $145.00 | +1.16% |
| 6 | MRVL | Marvell Technology Inc. | $224.95 | +1.10% |
| 7 | SHOP | Shopify Inc. | $126.00 | +1.08% |
| 8 | BX | Blackstone Inc. | $126.88 | +1.05% |
| 9 | B | Barrick Mining Corp. | $36.60 | +1.04% |
| 10 | HOOD | Robinhood Markets Inc. | $114.58 | +1.04% |
Why The Gold Complex Did The Heavy Lifting
Newmont, Agnico Eagle and Barrick occupied three of the 10 slots. Miners are a levered claim on the metal, and the metal is a claim on real rates.
As traders trim the odds of further Fed hikes, gold — among the most heavily penalized assets of recent months — catches a bid.
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