S&P 500 Heads for Record Close as Tame PPI Data Lifts Stocks
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- S&P 500 futures ticked higher after PPI data came in tame, putting the index on track for a record close alongside gains in the Dow and broader US equities.
- Cisco weighed on the Nasdaq even as falling oil prices and softer inflation figures pushed US stocks toward record territory, showing the rally isn't uniform across names.
Why it matters: Tame PPI data combined with declining oil prices cleared the path for the S&P 500 to chase a record close, but Cisco's drag on the Nasdaq highlighted that macro tailwinds alone aren't lifting every name — investors still have to pick through single-stock drags.
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