US Inflation Data Higher Than Expected, Wall Street Falls 0.5% in Early Trading, Dow Jones Drops
Market digested significantly higher-than-expected inflation data, leading to a fall on Wall Street. The Producer Price Index rose sharply, raising concerns about the US economic situation, influenced by the Middle East and rising oil prices. President Trump's visit to Beijing is also ongoing.
📋 Article Processing Timeline
- 📰 Published: May 13, 2026 at 23:35
- 🔍 Collected: May 14, 2026 at 00:02 (26 min after Published)
- 🤖 AI Analyzed: May 14, 2026 at 02:41 (2h 39m after Collected)
Central News Agency
(Central News Agency, New York 13th, comprehensive foreign report) The market digested news of inflation data being significantly higher than expected, while US President Trump arrived in Beijing to prepare for a summit with Chinese President Xi Jinping, causing Wall Street stocks to fall in early trading today.
According to AFP, data released by the US Department of Labor showed that the Producer Price Index (PPI), which reflects wholesale prices, rose 6.0% in the 12 months ending April. In April, the PPI increased by 1.4% month-on-month, significantly higher than market expectations, reaching a new high since March 2022.
The relevant data once again highlighted that the effects of soaring oil prices continue to impact the US economy since the war launched by the United States and Israel against Iran.
About 15 minutes after the opening of Wall Street stocks, the Dow Jones Industrial Average fell 0.5% to 49525.78 points. The S&P 500 index fell 0.2% to 7386.93 points. The technology-heavy Nasdaq Composite Index edged down less than 0.1% to 26078.63 points.
Sam Stovall, an analyst at investment research firm CFRA Research, said that there was no significant sell-off, 'indicating that the market chose to ignore tensions in the Middle East and soaring oil prices, essentially believing that these situations should end in the next few months.'
Meanwhile, Trump arrived in Beijing, accompanied by Tesla CEO Elon Musk and NVIDIA CEO Jensen Huang. Iran, trade, and Taiwan issues loomed over the high-profile Beijing talks. (Edited by Ho Hung-ju) 1150513
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(Central News Agency, New York 13th, comprehensive foreign report) The market digested news of inflation data being significantly higher than expected, while US President Trump arrived in Beijing to prepare for a summit with Chinese President Xi Jinping, causing Wall Street stocks to fall in early trading today.
According to AFP, data released by the US Department of Labor showed that the Producer Price Index (PPI), which reflects wholesale prices, rose 6.0% in the 12 months ending April. In April, the PPI increased by 1.4% month-on-month, significantly higher than market expectations, reaching a new high since March 2022.
The relevant data once again highlighted that the effects of soaring oil prices continue to impact the US economy since the war launched by the United States and Israel against Iran.
About 15 minutes after the opening of Wall Street stocks, the Dow Jones Industrial Average fell 0.5% to 49525.78 points. The S&P 500 index fell 0.2% to 7386.93 points. The technology-heavy Nasdaq Composite Index edged down less than 0.1% to 26078.63 points.
Sam Stovall, an analyst at investment research firm CFRA Research, said that there was no significant sell-off, 'indicating that the market chose to ignore tensions in the Middle East and soaring oil prices, essentially believing that these situations should end in the next few months.'
Meanwhile, Trump arrived in Beijing, accompanied by Tesla CEO Elon Musk and NVIDIA CEO Jensen Huang. Iran, trade, and Taiwan issues loomed over the high-profile Beijing talks. (Edited by Ho Hung-ju) 1150513
Choose to stand with the truth; every sponsorship is a force to protect press freedom.
Download the Central News Agency's 'First-hand News' APP to stay updated with the latest news.
The text, images, and audio-visual content on this website may not be reproduced, broadcast, or transmitted publicly without authorization.