Stock Market News
Look Ahead: Retail Sales, FMOC, NBA Finals
Bloomberg's Lisa Mateo joins Scarlet Fu and Tom Keene on "Bloomberg Money."
Kevin Warsh will not be the Fed 'chair.' His immediate predecessors were
Warsh will hold his first Fed meeting next week in Washington. President Donald Trump tapped Warsh to lead the central bank as the president angles for lower interest rates.
Markets and oil prices react to Trump's claims of a breakthrough in peace talks with Iran
World shares advanced on Friday, tracking big Wall Street gains, while oil prices sank more than 4% after U.S. President Donald Trump claimed there was a breakthrough in talks to end the Iran war.High...
Dow jumps 350 points as SpaceX soars and Iran deal hopes grow
US stocks closed higher on Friday as investors welcomed signs of progress toward a potential peace agreement between the United States and Iran, while SpaceX's blockbuster market debut added to positi...
Stock Market Today: SPY, QQQ Jump as U.S.-Iran Near Deal; SpaceX Clinches Historic Debut
The S&P 500 ETF ($SPY) and the Nasdaq 100 ETF ($QQQ) closed higher on Friday after both the U.S. and Iran touted progress toward a memorandum of understanding (MOU). News That…
S&P 500 Top Stock Gainers Today, 6/12/26
The S&P 500 (SPX) finished higher ahead of the weekend amid progress toward a U.S.-Iran memorandum of understanding (MOU). Let’s break down the sectors behind the performance. Today’s Top-Performing S...
There's a 68% chance the stock market ends the year higher. Why the headlines shouldn't disrupt your portfolio.
This upbeat assessment has nothing to do with if, when and how the war in Iran gets resolved, the price of oil CL00-3.68% BRN00-0.40%, inflation, the November midterm elections, SpaceX's IPO SPCX+18.2...
U.S.-Iran Deal Odds Hit 80 to 85%, Senior U.S. Official Says
A senior U.S. official told reporters on Friday that the odds of the U.S. and Iran signing a peace deal have risen to between 80% and 85%. That came after…
Why Is Silver Up 6% Today, 6/12/26?
Silver (XAGUSD) futures are up by over 6% on Friday as the U.S. and Iran edge closer to a peace deal. However, the precious metal is still down by about…
Why the Enormous IPOs Won't Sink the Market
The march of trillicorn initial public offerings doesn't portend doom for investors. But it's worth keeping an eye on just the same.
Trump Says U.S.-Iran Deal Could Be Signed Within Three Days
President Trump told Axios that he is optimistic that the U.S. and Iran can reach a memorandum of understanding (MOU) by Monday. Earlier today, Iranian Foreign Minister Abbas Araghchi said in…
Dow Jones Today: DJIA Rises as Iran Affirms Deal Progress; SpaceX Makes Debut
The Dow Jones (DJIA) is trading higher on Friday as optimism builds for a U.S.-Iran peace deal. Iranian Foreign Minister Abbas Araghchi said a deal has “never been closer.” He…
Why Is the Stock Market Up Today, 6/12/26?
Both the S&P 500 (SPX) and the Nasdaq 100 (NDX) are trading higher on Friday following a bout of early-morning volatility. The SpaceX (SPCX) initial public offering (IPO) is top…
Consumer Sentiment Improves Slightly in June but Remains Sluggish
The Michigan consumer-sentiment index bounced off its all-time low set in May to rise to 48.9 in the initial June reading, from 44.8 a month earlier.
S&P 500 Rebounds as Consumer Sentiment Blasts Past Estimates
The S&P 500 (SPX) staged a red-to-green comeback after the University of Michigan provided its latest consumer sentiment update. The preliminary Index of Consumer Sentiment for June clocked in at…
Nasdaq 100 Rebalancing Welcomes Five New AI and Space Stocks
On Thursday evening, Nasdaq ($NDAQ) announced the results of its June 2026 quarterly rebalance. The rebalance will be effective ahead of the market open on Monday, June 22. Here are…
Dow Jones Climbs ahead of Record-Breaking SpaceX IPO
The Dow Jones (DJIA) is set to open Friday higher ahead of SpaceX’s IPO at 9:50 Eastern Time. Shares of the spaceflight and telecommunications company are set to open at…
Nasdaq 100, Dow Jones 30 and S&P 500 Forecasts – US Indices Could Drift into the Weekend
US indices continue to see noisy trading, but they could simply drift into the weekend, with all of the potential headline risk.
Week Ahead for FX, Bonds: Fed, BOE Among Slew of Central Bank Decisions
The Fed and BOE are both expected to leave rates unchanged but the focus is on whether they will leave the door open to the possibility of hikes later this year.
Stock Futures Rise on Potential U.S.-Iran Deal; All Eyes on SpaceX IPO
U.S. stock futures rose on Friday morning on hopes of a potential peace deal between the U.S. and Iran. President Donald Trump claimed that the U.S. “just made a great…
Dow futures rise 300 points: 5 things to know before Wall Street opens
US stock-index futures rose on Friday as traders moved back into risk assets, encouraged by hopes that a Middle East deal may ease the oil shock and by anticipation around SpaceX's market debut. The m...
Why a Fed communications ‘blackout' isn't coming to markets under new Warsh regime
Markets have been on edge about what “regime change” at the Federal Reserve might look like as Kevin Warsh prepares for his first meeting as chair next week.
Fed Chairman Warsh Gets Cover From the Bond Market. He Needed It.
New Fed Chairman Kevin Warsh gets a big gift from the bond markets. What will he do with it?
Wall St Week Ahead Newly led Fed poses markets wildcard for rockier US indexes
A suddenly rocky U.S. stock market confronts a potential wildcard next week: A newly led Federal Reserve at a time investors are worried that interest rate hikes to fight inflation could dampen enthu...
For Warsh as Fed chair, silence may be the point
Kevin Warsh has not committed to holding a press conference at every Fed meeting like his predecessor Jerome Powell did. Warsh has said central banks don't need to telegraph their every move to marke...
Stock Market News Today, 6/12/26 – Futures Climb on U.S.-Iran Peace Optimism, SpaceX IPO Looms
U.S. stock futures rallied early Friday on hopes of a potential peace deal between the U.S. and Iran. President Donald Trump claimed that the U.S. “just made a great settlement…
Oil Falls, U.S. Futures Rise After Trump Calls Off Iran Strikes
Stock futures were up after all three major indexes recorded their largest one-day percentage gain since early April in the previous session.
Central Banks Face Growing Pressures: Markets Snapshot
Central banks are staring down a pivotal moment for global monetary policy as they grapple with a growing list of risks. Incoming Fed Chair, Kevin Warsh will need to find a way to navigate the central...
Stock Market Futures Rise as Trump Signals Peace Deal, SpaceX IPO in Focus
U.S. stock futures rose ahead of Friday’s session after President Donald Trump suggested that the U.S. could “soon” sign a peace deal with Iran. Investor sentiment was further supported by…
Asian Chip Stocks Rebound After Roller Coaster Week
Asian chip stocks rebounded, capping a roller coaster week amid geopolitical volatility, concerns over inflation and worries over a bubble in artificial-intelligence-related stocks.
Review & Preview: Strike That
All clear? The market seemed to breathe a sigh of relief on Thursday after President Donald Trump canceled plans to strike Iran, and signaled that peace talks were gaining ground.
Pirro's losses in Fed investigation should stay on the books, judge rules
The U.S. attorney for the District of Columbia has been involved in a monthslong court fight to compel testimony out of the Federal Reserve over cost overruns in its building renovations. A federal ju...
U.S. Stock Futures Edge Higher as Chip Stocks Rally on Geopolitical Optimism
U.S. stock futures rose slightly on Thursday evening following a rebound in chip and AI-related stocks and positive geopolitical developments. President Donald Trump said a signing with Iran could com...
Big Stock Swings Herald the Return of Choppy Markets
AI jitters and mega IPOs are among the factors prompting violent index moves.
Markets SURGE as peace deal with Iran nears
RBC president and CEO Dave McKay gives his thoughts on what a deal with Iran will do for the market and updates on Canada's economy on ‘The Claman Countdown.'
Dow jumps 920 points as Trump halts Iran strikes, chip stocks rally
US stocks ended higher on Thursday, with the Dow Jones Industrial Average gaining more than 900 points, as investors welcomed signs of easing tensions between the United States and Iran and returned t...
Stocks Rally as Trump Signals US-Iran Deal Is Near | Closing Bell
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec. -------- More ...
Higher yields can be a GOOD THING for investors' portfolios: Empower chief investment strategist
Empower chief investment strategist Marta Norton addresses investors' concerns about market volatility, explaining why strong market fundamentals remain the key driver of portfolio performance on ‘Mak...
Trump's Iran Stand-Down Calms Markets
Plus, chip stocks rebound, and Meta's subscription push faces tough odds.
Market Wrap: U.S. Stocks Surge as Trump Reverses Course on Iran
Markets have been volatile in recent days.
When Will the Nasdaq and Semiconductor Selloff End? The Charts Offer Clues.
The Nasdaq Composite and semiconductor stocks have stumbled after a powerful AI-driven rally. Technical indicators suggest investors should watch several key support levels for signs the selloff is ne...
Rick Rieder: No way markets are in a bubble but does have similar characteristics
Rick Rieder, BlackRock CIO, joins 'Closing Bell' to discuss the overall picture for equity markets, the tech market and much more.
Oil Prices Plunge as Trump Says Iran Peace Deal Has Been Approved
Trump’s comments this week have led to big swings in crude prices.
Dow jumps nearly 800 points after Trump calls off Iran strikes, chip stocks rebound
US stocks roared back Thursday afternoon as President Trump called off impending strikes on Iran – allowing chip stocks to rebound following intense declines over the past few weeks.
Oil is a sideshow to equities as tech remains the fundamental driver, says Raymond James' Larry Adam
Larry Adam, Raymond James CIO, joins 'The Exchange' to discuss what's important to equity markets right now, if oil prices are driving equities and much more.
Investors Awoke to 'A Dip Buyer's Dream' Today. But Next Week's Fed Meeting Looms Large
Market observers and investment experts appear sanguine about U.S. stocks' outlook as a dip-buying mentality appears to still hold. The market catalyst to watch is the Federal Reserve meeting schedule...
The Committee debates if the tech sector has corrected enough
The Investment Committee debate where the tech sector is headed after hitting a rough patch this week.
The Stock Market Is Getting Volatile—Finally. What to Put on Your Buy List.
The VIX has jumped as investors reassess AI spending, interest rates, and economic growth. That could create opportunities in semiconductor, industrial, and homebuilder stocks.
SEC Seeks to Scrap Best-Price Rule
The Securities and Exchange Commission said it wants to scrap a 2005 rule that calls for trading platforms to execute buy and sell orders at the best possible price.
Stocks Surge as Trump Cancels U.S. Attack on Iran
Markers have been extremely volatile in recent days.
Stocks and Bonds Are Moving Together. That's Bad News for Your Portfolio.
Investors haven't seen stocks and treasuries move more in sync in nearly 30 years.
SEC Proposes Eliminating ‘Order Protection Rule’ That Guarantees Investors Get Best Price
The rule had protected individual traders.
Gold Hits Six-Month Low as Inflation Fears Rise
The precious metal’s price peaked in January of this year.
‘BLOCKCHAIN IS COMING': Senator says $30 TRILLION could HIT US markets
Sen. Tim Scott, R-S.C., joins ‘Mornings with Maria' to discuss the CLARITY Act, AI competition with China and the plan for President Donald Trump's housing bill.
What EU & Japan Interest Rate Decisions Mean for U.S.
As the Fed faces a conundrum with interest rates in the U.S., @CharlesSchwab's Michelle Gibley highlights the EU Central Bank's decision to hike rates. She contrasts its decision to what she calls a "...
Banks Test Monthly Subscriptions to Make Fee Income Stick
When interest margins become harder to predict, recurring fees begin to look more attractive. A growing number of traditional banks and FinTechs are bringing subscription models to market that package...
Wholesale inflation in May hit highest level since November 2022 on soaring energy costs
The hotter-than-expected PPI report will likely keep the Fed from slashing interest rates anytime soon.
U.S. Wholesale Prices Rose More Than Expected in May as Energy Soared
Inflationary pressures are spreading across the economy.
Jobless claims rise to 4½-month high, but here's the thing: Layoffs aren't really rising
Are layoffs on the rise? The number of people seeking unemployment benefits rose again in early June, but it isn't because businesses are cutting more jobs.
Column: Wall Street's AI-fueled surge is running into resistance
The US tech sector has had a torrid time of late. Ever since Broadcom issued some disappointing forward guidance, along with a solid, consensus-beating first-quarter result, tech stocks have been on t...
Global Economy Could Slow to Half Its 2025 Pace if War Continues, Warns World Bank
Growth is expected to slow to 2.5% this year from 2.9% last year, assuming that oil and other shipments through the Strait of Hormuz begin to return to normal from August.
Dow jumps 246 points as chip stocks rebound despite Iran tensions
US stocks opened higher on Thursday as investors returned to beaten-down technology shares following a sharp selloff, though gains were tempered by rising geopolitical tensions in the Middle East and ...
5 Things to Know Before the Stock Market Opens
Stock futures are pointing to a higher open this morning after two straight days of declines for the S&P 500; Oracle shares are falling as concerns about the company's fundraising plans outweigh a str...
‘RUNNING OUT OF TIME': Crypto THREATENED as Wall Street fights CLARITY
CFTC Chairman Michael Selig discusses new rules for prediction markets, perpetual futures trading, the CLARITY Act and the state of crypto markets on ‘Mornings with Maria.'
Headline Risk Lingers Over Energy Trade as PPI Confirms Inflation Uptrend
Wholesale prices continue to climb, seen in the latest PPI print after the previous day's CPI hit three-year highs. Kevin Hincks outlines the impacts he expects it to have on the inflation picture and...
Warsh May Tackle Inflation in New Way, Says Betsy Duke
Former Federal Reserve Governor and former Wells Fargo chair Betsy Duke analyzed the recent inflation data, noting that headline and core inflation figures came in as expected but remain concerning fo...
Wholesale Prices Continued to Surge in May
The producer-price index rose by 1.1% last month, following an equal increase in April. Analysts polled by The Wall Street Journal were expecting a 0.7% increase.
US producer prices increase more than expected in May amid jump in energy costs
U.S. producer prices increased more than expected in May, leading to the largest annual gain in 3-1/2 years as the Middle East conflict drove up the cost of energy products.
U.S. Jobless Claims Rose Last Week
The number of people who filed for unemployment benefits rose to 229,000 in the week through June 6, higher than reported a week earlier surpassing Wall Street's estimates.
Wholesale inflation surges again and keeps the pressure on businesses and the U.S. economy
Wholesale prices in May posted the biggest back-to-back increases since 2022 and kept the pressure on businesses as they try to navigate another wave of U.S. inflation.
Wholesale prices rose 1.1% in May, more than expected
Wholesale prices rose less than expected in May, indicating that pipeline inflationary pressures are percolating higher, the Bureau of Labor Statistics reported Thursday.
Single-Country ETFs Gain Momentum in Canada
Single-country ETFs are attracting renewed investor attention, according to the latest Canadian ETF Weekly report from TD Securities. Some investors appear to be shifting away from broad, diversified ...
As artificial-intelligence capital expenditures rise, so do the risks for AI stocks, Goldman Sachs tells investors
Forecasts of $920 billion in AI-related capex in 2027 are likely too conservative.
Here are the odds of bear markets in each stock index this summer
For the S&P 500, a technical bear market decline of 20% from the closing high of 7,610 would mean a slide to 6,088.
Dow futures surge 370 points: 5 things to know before market opens
US stock futures rose on Thursday as investors moved back into beaten-down technology shares and took some comfort from signs that Washington and Tehran were still exchanging messages on a possible pe...
Big tech is preventing new stock-market highs due to the changing way investors play the AI trade, says this top strategist
Nomura's Charlie McElligott says investors are finally waking up to the problems with a market that is too concentrated on AI leadership.
How Wild the Market's Bet on AI Really Is
Investors already were jittery about the AI boom. A possible price war between OpenAI and Anthropic won't help the big developers turn a profit any sooner. Nevertheless, stock futures are pointing to ...
Treasury yields steady as investors monitor inflation data, U.S. strikes in Iran
U.S. Treasurys steadied Thursday, as investors monitored developments in the Middle East conflict ahead of further inflation data.
Oil Falls Despite Fresh U.S. Military Action on Iran; U.S. Futures Rise
U.S. stock futures were higher Thursday after tech-related losses and inflation data hurt markets in the previous session.
Probably a Bit More Markets Pain Ahead: 3-Minutes MLIV
Anna Edwards, Guy Johnson and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."
'We now live in a world of rolling bubbles,' says Macquarie Group
The top 10 stocks in the U.S. are now around 45% of market capitalisation, says Macquarie group's Shvets. In a world where capital is abundant, and cannot be priced, he believes markets are now prone ...
KKR says AI productivity boom to keep on going — but warns of 'extreme' trend not seen since the 19th century
U.S. investment firm KKR published its mid-year outlook. The company said it expects Asia assets will outperform.
Investors brace for a 'long grind' as Iran war escalation dims hopes of a early end
Markets are increasingly pricing a prolonged U.S.-Iran conflict rather than a quick diplomatic resolution. The latest escalation came after U.S. Central Command said it completed strikes against Irani...
Review & Preview: The AI Rally Keeps Unwinding
No More Momentum. The Nasdaq Composite tumbled again today after the latest inflation reading and higher oil prices failed to stop the bleeding.
Analysis: Trump said he loves inflation. Why that should be music to Kevin Warsh's ears
President Donald Trump appears to be doing a U-turn on his treatment of the Federal Reserve chair, now that Kevin Warsh has taken over from Jerome Powell in the top job. Trump's comments Wednesday tha...
Just a matter of time before the Fed hikes, says fmr. Trump economist
Joe Lavorgna, SMBC Americas Managing Director & Chief Economist, Fmr. Counselor to Secretary Bessent, joins 'Fast Money' to talk the impact of inflation on the market.
Foreign investment in US surges to $232 billion after four years of declines
Foreign investments in the US jumped in 2025 after falling for four years in a row – a possible result of companies rushing to minimize exposure to President Trump's tariffs.
Bondholders Want Fed to Focus on Inflation. Warsh Ignores Them at His Peril.
The Fed's new chairman may end up presiding over interest-rate hikes, even though President Donald Trump wants lower rates.
New Middle East Clashes and Inflation Fears Spark Dow's Worst Day of 2026
Oil futures rise after Trump says the U.S. would resume attacks on Iran.
Stocks Fall on Inflation, War Worries
Plus, a utility megamerger that investors should buy into, and Super Micro's equity-raising plan doesn't impress.
Worried that big IPOs will torpedo the stock market? These factors may suggest otherwise.
The stock market typically performs well leading up to and during periods when companies are issuing new stocks, according to Deutsche Bank.
The 4.2% inflation rate is a bummer, but the worst might be over
Lower gasoline prices and fading tariff effects are likely to nudge U.S. inflation lower by the end of 2026.
Sticky Inflation and the Fed: What Morgan Stanley's Mike Wilson Sees Ahead
Morgan Stanley's chief investment officer says inflation could remain stubbornly elevated and suggested allocations to commodities and large-caps with pricing power.
Trump keeps saying an Iran deal is close. Markets keep believing it
President Donald Trump this week said a sweeping peace deal with Iran could be signed very soon. He has made similar claims dozens of times over nearly three months, but no deal has come.
SHOCK: Inflation SURGES to its highest since 2023
The Big Money Show panel breaks down a hotter-than-expected inflation report, growing concerns over tech stock valuations and escalating tensions between the U.S. and Iran.
Inflation Concerns Are Hammering Tech Stocks After an 'Unsustainable' Run
U.S. stocks appear to be taking their cues from the bond market, according to Peter Boockvar, chief investment officer at One Point BFG Wealth Partners, with 10-year Treasury yields the signal to watc...
Get Ready for the Stock Market's Volatile Summer
Inflation, oil prices, Fed-rate concerns, Middle East tensions, and a wave of high-profile IPOs are creating the conditions for a volatile summer in stocks.
The Market Is Giddy. Is Your Portfolio at Risk?
Citi's Panic/Euphoria Model is off the charts. Wall Street hasn't felt this good in five years.
Experts See Some Good News In the CPI Report—But Inflation Still Carries Risks for Markets
The stock market can resume its rally, according to experts, but resurgent inflation is narrowing the path to new highs.
The market reacts to President Trump's Iran threats
The Investment Committee react to the market dropping after President Trump pledges more attacks on Iran.
Trump Shrugs Off High Prices Amid Iran War and Says ‘I Love the Inflation'
As inflation outpaces workers' wages, the Trump administration insists that its agenda is working.
Former NEC Director Gary Cohn: 'Kevin Warsh's Fed will look different than the Powell Fed'
Gary Cohn, IBM vice chairman and former director of the National Economic Council, joins CNBC's 'Squawk on the Street' to discuss his take on the latest inflation report, his expectations for the Fed,...
Trump Says ‘I Love The Inflation' After It Reaches 3-Year High
President Donald Trump said “I love inflation” after it rose to a three-year high earlier Wednesday amid the Iran war and surging gas prices—his latest dismissal of Americans' economic concerns.
Inflation Accelerates to Fastest Pace in 3 Years as Energy Prices Bite
Companies appear hesitant to pass those price increases on to weary consumers, whose wages aren't keeping up.
Inflation is outpacing paychecks again. Rising gas prices have erased more than a year of Americans' wage gains.
Adjusted for inflation, average hourly earnings fell back to January 2025 levels last month.
Trump says 'I love the inflation' after consumer price index hits 3-year high
President Donald Trump on Wednesday said, "I love the inflation" after being asked if he was concerned about new consumer price index data. CPI showed the annual inflation rate at 4.2%, a three-year h...
State of the Tech Sector: U.S.-Iran War, Bitcoin Adds Unseen Pressures
@CharlesSchwab's Nathan Peterson breaks down the factors for recent market softness caused mostly by the tech sector. He says there is a lot of volatility happening within the cohort, especially withi...
Inflation Is Boosting Next Year's Social Security Raise. Here's the New COLA Estimate.
For now, many older adults are stretching their budgets on the basics.
Social Security's COLA could be 4.7% in 2027 as inflation hits the highest level in 3 years
A total of 44% of older Americans depend on Social Security for all of their income, according to the Senior Citizens League.
US Inflation Accelerates in May, While Core CPI Softens
US inflation accelerated in May with the Iran war pushing up energy prices, as the consumer price index climbed 4.2% from a year earlier, the most since early 2023. The core CPI, which excludes food a...
World markets walk a tightrope between AI stocks and oil shocks
Tumult on world markets in the past week shows the economic outlook is now on a knife edge, investors said, with equal odds of an AI boom lifting growth or oil shocks from the U.S.-Iran war pushing s...
Inflation Keeps Prospects of a Fed Rate Cut Low
The Consumer Price Index is one of the last major data releases ahead Kevin M. Warsh's first meeting as chair of the Federal Reserve.
Dow falls 334 points as chip selloff, Iran tensions hit stocks
US stocks moved lower on Wednesday as investors grappled with renewed geopolitical tensions in the Middle East, continued weakness in semiconductor stocks, and concerns that inflation could keep the F...
CPI Hits Multi-Year High as Inflation Lingers Over U.S. Consumers
Even though CPI headline numbers hit in-line, the report is still a three-year high as the U.S.-Iran War continues to keep crude oil prices elevated. Kevin Hincks and Alex Coffey break down the report...
Nasdaq 100, Dow Jones 30 and S&P 500 Forecasts – US Indices Drop in Early Trading
The US indices continue to look a bit rattled, as we are seeing a bit of selling pressure early in pre-market trading. At this point, I am looking to see if we get some kind of opportunity here for va...
Inflation rose again in May as elevated energy prices squeeze consumers
The Bureau of Labor Statistics released the consumer price index (CPI) inflation data for May which showed that inflation rose and remained persistently high last month.
Inflation Hit Highest Rate In 3 Years In May
Inflation rose to its highest annual rate in three years in May, as surging oil costs once again fueled broader price increases amid a persistent conflict in the Middle East, according to federal data...
US inflation jumped to 4.2% in May, the third consecutive increase since start of Iran war
Before the conflict began, inflation was at 2.4%, but the closure of the strait of Hormuz has affected energy prices
Inflation tops 4% for the first time in three years as Iran war drives energy costs higher
Inflation shot past 4% in May for the first time in three years as higher energy costs amid the war in Iran weighed on prices.
Consumer prices were up 4.2% in May from a year earlier, the Labor Department said Wednesday, accelerating from 3.8% the previous month
Consumer prices were up 4.2% in May from a year earlier, the Labor Department said Wednesday, accelerating from 3.8% the previous month.