Markets Slide Friday As Tech, Inflation & Yields Do Damage
Friday's finale would not be pretty as the major indices all stumbled from news on several fronts. Big tech suffered a selloff, inflation turned hot, and treasury yields spiked to leave the week's results mixed.
Inflation, Treasury Yields Lift Expectations For A Rate Hike
Friday's retreat on Wall Street over rising inflation and higher yields would fuel an extensive shift in predictions over what's next for the Fed. Bets on a cut or another pause are now falling behind a rate hike.
CPI Report: Inflation In April Heats To Highest Since 2023
PPI: Producer Prices Surge In April, Blow Past Expectations
Consumers were slammed by increasing prices last month, and it wasn't just high gas costs that stung. The consumer price index shows inflation shot up across the board to its highest pace since May 2023.
PPI: Producer Prices Surge In April, Blow Past Expectations
PPI: Producer Prices Surge In April, Blow Past Expectations
PPI: Producer Prices Surge In April, Blow Past Expectations
Compared to the hot CPI reading, April's PPI was scorching. Yearly Inflation at the producer level jumped by the most since December 2022, while the PPI's monthly increase was nearly triple the estimates.
Retail Sales Positive, But Gas Is Squeezing Other Spending
PPI: Producer Prices Surge In April, Blow Past Expectations
Retail Sales Positive, But Gas Is Squeezing Other Spending
Tax refunds helped U.S. consumers keep spending last month, but high gas prices took a toll. Retail sales in April look solid overall, but with more money needed to fill up, spending elsewhere would suffer.
Still Ahead: Oil, Yield Moves, Nvidia Earnings & Sentiment
PPI: Producer Prices Surge In April, Blow Past Expectations
Retail Sales Positive, But Gas Is Squeezing Other Spending
The new week on Wall Street is expected to pick up where the last one left off with the war and its impacts on oil and yields in the headlines. Also ahead, Nvidia's Q1 earnings and May's final sentiment read.