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April wholesale prices jumped 1.4% month-over-month, nearly triple the 0.5% consensus.
April Producer Price Index rose 1.4% month-over-month, almost triple the expected 0.5%.
KEY POINTS
- 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
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