Dow Jones Live Today: Blue-Chip Index Falls as Hot Inflation Puts Fed-Cut Hopes on Ice
The Dow Jones fell 0.35% and the S&P 500 slipped 0.10% Wednesday after April producer prices jumped 1.4%, the largest monthly gain since March 2022. Nasdaq edged up 0.07%. Futures and prediction markets shifted, showing most traders now expect no Federal Reserve rate cuts this year.