MARKETS: Inflation hits 3.1%, a 6-year high as Fed mulls further QExit

Yahoo Finance's Alexis Christoforous and Jared Blikre break down the latest market action after the Producer Price Index rises 0.5% for the month of May, coming in at 3.1% year-over-year ahead of the Federal Reserve's FOMC statement on monetary policy due at 2:00 pm ET today, after which Chairman Jerome Powell will conduct a press conference at 2:30 pm ET.

Here's the performance of select overperforming and underperforming sectors, industry groups and individual stocks as of 10:15 am ET:

FOX Twenty-First Century Fox Inc B 7.72%
FOXA Twenty-First Century Fox Inc A 7.55%
ESRX Express Scripts Hldg Co 4.76%
DISCA Discovery Inc Ser A 3.98%
DISCK Discovery Inc Ser C 3.77%
VIAB Viacom Inc Cl 'B' 2.83%
DISH DISH Network Corp Cl A 2.87%
EA Electronic Arts, Inc. 2.60%
NCLH Norwegian Cruise Line Hldg 2.43%
NFLX Netflix Inc 2.42%
NTES Netease Inc Ads 1.67%
ADBE Adobe Systems 1.58%
ATVI Activision Blizzard Inc 1.45%
INTC Intel Corp 1.50%
INCY Incyte Corp 1.46%
TMUS T-Mobile US Inc 1.36%