Wholesale

• US wholesale inventories rose by 0.3% in May 2026, aligning exactly with market expectations. • Retail inventories grew at a faster rate of 0.6% during the same period, suggesting a divergence in stock accumulation between the two sectors. • This upward revision in wholesale inventories is expected to provide a modest boost to Q2 GDP estimates, as inventory growth contributes positively to overall economic growth.

• Wall Street traded mixed on Wednesday morning, with the S&P 500 down 0.1%, Dow Jones Industrial Average dropping 235 points or 0.5% at 9:35 a.m. ET, and Nasdaq up 0.2% amid a technology sector rebound. • Tech stocks like Micron Technology surged 4.3% and Nvidia rose 2.4%, the top gainer on the S&P 500, following a pause in AI-driven momentum; Nvidia CEO Jensen Huang was invited by President Trump to discuss AI chip shipments to China. • A wholesale inflation report showed prices significantly higher than expected last month, following Tuesday's consumer inflation acceleration, driven by rising fuel, transportation, food prices from tariffs, weather, and oil disruptions from the Iran war.