SPGI is trading 4.4% down at $405.66 as a hotter-than-expected Producer Price Index and persistent inflation concerns weigh on the broader market.
- The PPI rose 0.9% month-over-month, while annual CPI reached 3.8%, effectively eliminating expectations for Federal Reserve rate cuts through 2026.
- Geopolitical tensions in the Middle East have pushed Brent crude to $107.77 per barrel, contributing to a risk-off sentiment across equities.
- The decline extends weakness from the May 12 close of $424.17, moving in line with a wider market downturn rather than company-specific news.