AllMarket Summary
logoArgusMay 13, 2022

Market Digest: ADTN, DVN, EBAY, HST, OC, FTV

Sector(s)
Energy, Technology, Real Estate, Industrials, Consumer Cyclical
Summary

Stocks finished mostly lower on Thursday after paring sharp early losses. Investors weighed more hot inflation data, though producer prices did show slightly slower year-over-year growth in April than in March. The Labor Department reported that its PPI for final demand rose 11% from the prior year in April, down from 11.5% in March but above consensus. On the employment front, first-time claims for state unemployment benefits rose to 203,000 for the week ended May 7, up from a revised 202,000 a week earlier and a

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