Welcome to Markets Desk, your midday read on what's moving markets and why.
On the inflation front, wholesale prices climbed three-tenths of a percent in October, pushing the annual producer price index to six point five percent — the highest reading in nearly four years. Notably, that came in slightly below the Dow Jones consensus estimate of four-tenths, offering a modest but real sign that pipeline inflation may be cooling at the margin.
Shifting to tech, Microsoft is dealing with an Outlook outage now stretching into its second consecutive day, affecting email and core productivity services for users globally. The company says it has found no evidence of malicious activity, but the extended disruption raises real questions about enterprise reliability and the pressure Microsoft faces heading into its next earnings cycle.
And in media, Newsmax delivered its strongest quarter since going public, posting earnings of twelve cents per share against analyst expectations of a one-cent loss. Revenue surged fifty-two and a half percent year over year to sixty-nine point zero three million dollars, well ahead of estimates, though it's worth noting that figure includes a one-time termination fee of fourteen million dollars that won't repeat.
That's the tape. Markets Desk, signing off the floor.
