Markets Today: Stocks Mixed as U.S. PPI Eases but Regional Bank Stocks Fall

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Morning Markets June E-Mini S&P 500 futures (ESM23) this morning are down -0.05%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.21%. U.S. stock index futures this morning are mixed. A decline in bond yields is positive for stocks after U.S. weekly initial unemployment claims rose more than expected to a 1-1/2 year high, and April producer prices eased to a 2-year low. The weakness in the labor market and falling price pressures are dovish for Fed policy. However, concerns about the health of U.S. regional banks are limiting gains in the overall market. PacWest Bancorp is down more than …

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