US stocks traded higher as gains rose and commodities moved higher. The main futures indicators indicate a rise of 0.6% when the start bell rings on Wall Street, extending Tuesday’s rally. Ticker Security Last change% I: DJI DOW JONES AVERAGES 34220.36 -87.72 -0.26% SP500 S&P 500 4397.45 -15.08 -0.34% I: COMP NASDAQ COMPOSITE INDEX.1 -13030 GET FOX BUSINESS IN ENGINE BY CLICKING HERE Delta shares rose after the airline announced it had returned to profitability as consumer demand recovered. Ticker Security Last change% DAL DELTA AIR LINES INC. 38.62 +0.38 + 0.99% The JPMorgan quarter was more sluggish as revenue and profits fell over the same period last year. The largest US lender earned $ 8.28 billion, or $ 2.63 per share, in the first quarter, compared to $ 14.3 billion, or $ 4.50 per share, a year earlier. Revenue fell to $ 30.7 billion from $ 32.2 billion a year earlier. Ticker Security Last change% JPM JPMORGAN CHASE & CO. 131.47 -1.56 -1.17% AMC CEO IMMEDIATELY IN MORE OPERATIONS In the news of the agreement, AMC Entertainment closed an agreement with get seven former Bow Tie Cinemas locations with 66 screens, including five in Connecticut, one in upstate New York and one in Annapolis, Maryland. The new Connecticut theater locations will double AMC’s overall presence in the state. Ticker Security Last change% AMC AMC ENTERTAINMENT HOLDINGS INC 17.42 -1.31 -6.99% US oil topped $ 100 a barrel as traders watched as Russia’s supply tightened as Moscow said talks to resolve its invasion of Ukraine had reached a stalemate. Traders on the NYSE floor (AP / AP Newsroom) Ticker Security Last change% USO UNITED STATES OIL FUND LP 75.96 +3.64 + 5.03% BNO UNITED STS BRENT OIL FD LP UNIT 29.81 +1.60 + 5.67% RUSSIA INVASES UKRAINE: LIVE UPDATES Traders will also study another report related to inflation. The producer price index is expected to increase by 1.1% from month to month, according to Refinitiv forecasts, from 0.8% in February and the largest increase since the 1.2% increase in January. On an annual basis, prices paid by wholesalers are expected to jump to a high of 10.6%, from 10% in February. Taking into account the volatile costs of food and energy, key producer prices are expected to increase by 0.5% per month in March, from 0.2% in the previous month. From year to year, look for the key PPI to increase by 8.4% in March. INFLATION INCREASED BY 8.5% IN MARCH, REACHING A NEW 40 YEAR HIGH On Tuesday, the government said the consumer price index, a closely monitored retail inflation index, jumped to a 40-year high in March. Bitcoin traded around $ 40,000. CLICK HERE TO READ MORE ABOUT FOX BUSINESS The Associated Press contributed to this report.
