The Producer Price Index for final demand rose 0.1% in May, as prices for final demand services increased 0.3%, and the index for final demand goods declined 0.2%, according to the Bureau of Labor Statistics. The final demand index increased 1.8% for the 12 months ended in May.

Tuesday, the Dow was down 14.17 points (0.05%) at 26,048.51, the NASDAQ was virtually unchanged at 7,822.57, and the S&P 500 slipped 1.01 points (0.03%) to 2,885.72. The Russell 2000 closed 4.45 points (0.29%) lower, and the Wilshire 5000 decreased 24.17 points (0.08%) to 29,674.53.

The price of the 10-year Treasury note was virtually unchanged, with its yield at 2.142%. The price of the 30-year Treasury bond was up 2/32, decreasing its yield to 2.619%.

ON THIS DATE: In 1838, the Iowa Territory was organized. In 1849, Lewis Haslett patented a gas mask. In 1897, Carl Elsener patented his penknife. The object later became known as the Swiss army knife. In 1918, the first airplane bombing raid by an American unit occurred on World War I’s Western Front in France. In 1939, the National Baseball Hall of Fame and Museum was dedicated in Cooperstown, New York. In 1948, Ben Hogan won his first U.S. Open golf classic. In 1963, civil rights leader Medgar Evers was fatally shot in front of his home in Jackson, Mississippi. In 1967, state laws which prohibited interracial marriages were ruled unconstitutional by the U.S. Supreme Court. In 1985, Wayne “The Great One” Gretsky was named winner of the NHL’s Hart Trophy. The award is given to the league’s Most Valuable Player. In 1987, President Ronald Reagan publicly challenged Mikhail Gorbachev to tear down the Berlin Wall. In 1991, the Chicago Bulls won their first NBA championship. The Bulls beat the Los Angeles Lakers four games to one. In 1997, the Treasury Department unveiled a new $50 bill meant to be more counterfeit-resistant. In 2009, in the U.S., the switch from analog TV transmission to digital was completed.

WEDNESDAY WISDOM: “Worry never robs tomorrow of its sorrow, it only saps today of its joy.”—Leo Buscaglia, American author and motivational speaker