On today's episode of Market Brief – After Hours, wholesale inflation surged to 6% annually — the highest since December 2022 — driven by a monthly PPI reading of 1.4%, nearly three times the 0.5% forecast, with gasoline jumping 15.6%, energy up 7.8%, and core PPI more than doubling estimates at 1%. Yet the Nasdaq closed at a fresh all-time high of 26,402 and the S&P 500 hit a new record of 7,444 as semiconductor and AI stocks completely shrugged off the data, while the Senate confirmed Kevin Warsh as the next Federal Reserve chair and the 10-year Treasury yield hit its highest level since July. We break down the full picture across global equities, EUR/USD, GBP/USD, USD/JPY, gold, silver, and today's biggest individual movers including Ford, Nebius Group, Akamai, Wix.com, and Birkenstock.

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