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The S&P 500 Index ($SPX) (SPY) on Wednesday closed up +0.58%, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -0.
US April PPI rose 6.0% y/y, the largest jump in 3.25 years, signaling inflation resurgence.
KEY POINTS
- Nvidia, Tesla, and Apple rallied after their CEOs joined President Trump on a China summit trip.
- IEA warns global oil market will remain 'severely undersupplied' until October despite Strait of Hormuz disruption.
- Goldman Sachs estimates global crude stockpiles may drop by up to 1 billion barrels by June.
- Ford surged 13% after Morgan Stanley suggested imminent energy storage deals with large commercial customers.
COMPANIES
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