News Snapshot:
Dow Jones futures reversed lower Wednesday morning after a cooler-than-expected wholesale inflation report, with the Labor Department's Producer Price Index. Oil prices jabbed to a seven-week high, and Tesla stock looked to add to Tuesday's surge, racing higher in early morning trade. X The PPI fell 0.5% in December, its biggest monthly drop since April 2020 and much cooler than the expected 0.1% decline, per Econoday estimates. Year over year, the PPI increased 6.2%, much lower than the 6.8% estimate. Meanwhile, retail sales fell 1.1% in December, missing estimates that called for a 0.8% fall. Interactive Brokers (IBKR) and United...
