WARP is trading at $23.49 (+3.53%) after July PPI was unchanged month over month, below expectations, reinforcing expectations for steady Federal Reserve policy.
- Annual producer-price growth cooled to 4.7%; weekly jobless claims rose to 209,000.
- Growth-sensitive industrial, communications, and technology exposure benefited from stronger AI-infrastructure sentiment and higher equity futures.
- Applied Materials reported after the close, but no confirmed reaction or company-specific catalyst was available; the move is primarily macro- and sector-driven.