WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq
The producer price index, a measurement of wholesale prices, increased just 0.2% on a monthly basis in April. Economists polled by Dow Jones estimated PPI advanced 0.3% last month. The PPI data follows the consumer price index report from Wednesday, which showed inflation rose 4.9% from a year ago, below expectations.
Initial jobless claims grew by 22,000 for the week ending May 6 to 264,000, the Department of Labor said on Thursday. The latest jobless data was the highest reading since Oct. 30, 2021.
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