# April wholesale prices jumped 1.4% month-over-month, nearly triple the 0.5% consensus.

*business · news · 2026-05-13 · Benzinga*

## Key points

- April Producer Price Index rose 1.4% month-over-month, almost triple the expected 0.5%.
- Fed funds futures now price a rate hike as more likely than a hold by year-end.
- Semiconductor and clean-energy stocks led Nasdaq 100 gains despite inflation concerns.
- Ford announced a $1.5 billion 'Ford Energy' battery and grid-storage subsidiary launch.

**Companies:** Nvidia, Ford
**Countries:** United States

[Read the full story on Benzinga](https://www.benzinga.com/markets/equities/26/05/52536818/stock-market-today-nasdaq-100-rallies-nvidia-record-high)

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