Three gold miners, two asset-management giants and a high-flying semiconductor were among the large-cap movers on the pre-market board following a cooler-than-expected producer inflation report on Wednesday.
Producer prices fell 0.3% in June, the softest monthly print since April 2025, a day after consumer inflation posted its steepest monthly decline since April 2020.
According to Benzinga Pro data, here are the best-performing stocks with a market cap above $50 billion in the 30 minutes of pre-market trading following the release, from 8:30 a.m. to 9:00 a.m. ET.
10. Robinhood Markets Inc.
Robinhood Markets Inc. (NASDAQ: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 Mining Corp.
Barrick Mining Corp. (NYSE:B) added 1.04%, as gold advanced 0.46% to $4,058.78 an ounce.
8. Blackstone Inc.
Blackstone Inc. (NYSE:BX) gained 1.05%.
7. Shopify Inc.
Shopify Inc. (NASDAQ:SHOP) rose 1.08%.
6. Marvell Technology Inc.
Marvell Technology Inc. (NASDAQ:MRVL) climbed 1.10%.
5. Agnico Eagle Mines Ltd.
Agnico Eagle Mines Ltd. (NYSE:AEM) rose 1.16%, reflecting gold’s rebound.
4. BlackRock Inc.
BlackRock Inc. (NYSE:BLK) gained 1.20%, fueled by strong-than-expected second quarter earnings.
3. Bloom Energy Corp.
Bloom Energy Corp. (NYSE:BE) advanced 1.23%, as lower Treasury yields helped stocks with high multiples.
2. Newmont Corp.
Newmont Corp. (NYSE:NEM) rose 1.29%, the largest gold producer on the list and the second-best performer on the board.
1. Bank of Nova Scotia
Bank of Nova Scotia (NYSE:BNS) led the entire board at 1.99%. A softer dollar and a lower North American front end both cut in the bank’s favor, and it is the only commercial lender on the board.
Top Large-Cap Gainers After June PPI
| Rank | Ticker | Company | Price | Change |
|---|---|---|---|---|
| 1 | BNS | Bank of Nova Scotia | $90.52 | +1.99% |
| 2 | NEM | Newmont Corp. | $95.22 | +1.29% |
| 3 | BE | Bloom Energy Corp. | $247.72 | +1.23% |
| 4 | BLK | BlackRock Inc. | $1,080.00 | +1.20% |
| 5 | AEM | Agnico Eagle Mines Ltd. | $145.00 | +1.16% |
| 6 | MRVL | Marvell Technology Inc. | $224.95 | +1.10% |
| 7 | SHOP | Shopify Inc. | $126.00 | +1.08% |
| 8 | BX | Blackstone Inc. | $126.88 | +1.05% |
| 9 | B | Barrick Mining Corp. | $36.60 | +1.04% |
| 10 | HOOD | Robinhood Markets Inc. | $114.58 | +1.04% |
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.
Photo by Thapana_Studio via Shutterstock
