"Stocks Wobble as Wholesale Inflation Rises Less Than Expected, US Producer Prices Up 2.1% from Last Year"

US stocks wobbled as a cooler-than-expected reading on producer prices eased investor worries about inflation, with the Dow Jones Industrial Average dipping 0.5% and the S&P 500 coming off a 1% drop, while the Nasdaq Composite gained 0.4%. Bond yields surged after a hotter-than-expected March CPI report, prompting investors to reassess expectations for Federal Reserve policy. Rising oil prices amid concerns of potential Middle East tensions also impacted the market. Meanwhile, Nvidia stock rose after analysts raised their price target, and Amazon's shareholder letter hinted at the company's development of custom AI chips.