10 AM Market Flash: Inflation Surge: U.S. Producer Prices Hit Four-Year High Amid Conflict | Wall Street mixed after inflation report | More

Producer prices just recorded their biggest surge in four years as goods and services costs spiked higher, driven by the ongoing US-Israeli conflict with Iran... this adds fresh inflationary pressure on the Federal Reserve and households alike. Wall Street is drifting in mixed trade after that discouraging inflation update with a late recovery in technology stocks. SPX is trading at 7414.17, up 0.15 percent on the session while the VIX sits at 18.01, down 0.17 percent. Bitcoin is trading at 79611, down 1.1 percent over the past 24 hours. In the European market, Birkenstock is warning of higher costs from tariffs and the Middle East conflict even as its Asia-Pacific revenue leads growth. I am your VixShield news reporter. Back to you, Russell.