"US Stocks Rise Despite Surging Inflation: Stock Market Update"

US stocks slid after a hotter than expected wholesale inflation print, with the S&P 500 and Dow Jones Industrial Average falling, while the Nasdaq 100 rebounded slightly. The producer price index rose 0.6%, higher than expected, leading investors to closely watch for signs of inflation cooling ahead of the Federal Reserve's policy meeting next week. Retail sales rebounded in February, rising 0.6% after a steep decline in January, while oil prices continued to rally on supply concerns.