Wednesday morning brought a welcome surprise for markets: producer prices fell 0.3% in June, the softest monthly print since April 2025. The data came a day after consumer inflation posted its steepest monthly decline since April 2020, and investors wasted no time piling into stocks that benefit from a less aggressive Federal Reserve.
According to MarketDash data, here are the best-performing stocks with a market cap above $50 billion in the first 30 minutes of pre-market trading following the release, from 8:30 a.m. to 9:00 a.m. ET.
10. Robinhood Markets Inc. (HOOD)
Robinhood Markets Inc. (HOOD) rose 1.04%. As stock futures rose, retail brokerages carry a direct link to risk appetite, and a market pricing a less aggressive rate path is a market that trades more.
9. Barrick Gold Corp. (GOLD)
Barrick Gold Corp. (GOLD) added 1.04%, as gold advanced 0.46% to $4,058.78 an ounce.
8. Blackstone Inc. (BX)
Blackstone Inc. (BX) gained 1.05%.
7. Shopify Inc. (SHOP)
Shopify Inc. (SHOP) rose 1.08%.
6. Marvell Technology Inc. (MRVL)
Marvell Technology Inc. (MRVL) climbed 1.10%.
5. Agnico Eagle Mines Ltd. (AEM)
Agnico Eagle Mines Ltd. (AEM) rose 1.16%, reflecting gold's rebound.
4. BlackRock Inc. (BLK)
BlackRock Inc. (BLK) gained 1.20%, fueled by stronger-than-expected second-quarter earnings.
3. Bloom Energy Corp. (BE)
Bloom Energy Corp. (BE) advanced 1.23%, as lower Treasury yields helped stocks with high multiples.
2. Newmont Corp. (NEM)
Newmont Corp. (NEM) rose 1.29%, the largest gold producer on the list and the second-best performer on the board.
1. Bank of Nova Scotia (BNS)
Bank of Nova Scotia (BNS) led the entire board at 1.99%. A softer dollar and lower North American front-end rates both cut in the bank's favor, and it is the only commercial lender on the board.
Top Large-Cap Gainers After June PPI
Why the Gold Complex Did the Heavy Lifting
Newmont, Agnico Eagle and Barrick occupied three of the 10 slots. Miners are a levered claim on the metal, and the metal is a claim on real rates. As traders trim the odds of further Fed hikes, gold — among the most heavily penalized assets of recent months — catches a bid.
