At the close of trading on January 14, the Dow Jones Industrial Average rose 0.52% to 42,518.28 points. The S&P 500 edged up 0.11% to 5,842.91 points, while the Nasdaq Composite declined 0.23% to 19,044.39 points.

The U.S. Producer Price Index (PPI), a measure of inflation at the wholesale level, recorded a modest 0.2% increase in December 2024, lower than the 0.4% forecast by economists surveyed by Dow Jones. For core PPI, which excludes food and energy prices, no change was recorded.

By the end of the trading session on January 14, spot gold prices gained 0.3% to $2,668.91 per ounce, while gold futures inched up 0.1% to $2,682.20 per ounce.

Brent crude oil prices fell 1.35% to $79.92 per barrel, while WTI crude oil prices dropped 1.67% to $77.50 per barrel.

According to the Energy Information Administration (EIA) on Tuesday, U.S. oil demand is expected to remain steady at 20.5 million barrels per day in 2025 and 2026. However, U.S. oil production is projected to increase to 13.55 million barrels per day, slightly above the previous forecast of 13.52 million barrels per day for this year.

Source: SFVN (Compiled)