
Dow Jones Top Markets Headlines at 1 PM ET: Wholesale Inflation Shot Higher in April | Fed's ...

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Wholesale inflation surged by 1.4% in April, exceeding March's 0.7% increase, according to the Labor Department. Boston Fed President Susan Collins indicated potential rate hikes may be necessary to achieve the 2% inflation target. The stock market showed mixed results, with the Dow falling amid inflation concerns linked to the Iran war, while the Nasdaq rose due to a rebound in chip stocks. OPEC revised its oil demand growth forecast down to 1.17 million barrels per day, influenced by the ongoing crisis in the Strait of Hormuz.

