#Surged

Despite the headline strength in equities, the widening gap between factor winners and laggards underscores how uneven the market’s internal dynamics have become.

India’s producer prices surged to just over a three-and-a-half-year high in April as elevated energy prices pushed up manufacturers’ input costs.

Inflation surged to its highest level in nearly three years in April as the headline CPI reached 3.8% year-over-year. Core prices rose 2.8% year-over-year and 0.4% month-over-month.

US consumer beef prices surged to new all-time highs, adding urgency to the Trump administration’s efforts to tackle inflation.

The S&P 500 has now rallied 17% from March 30th lows, a relatively feeble rally compared to melt-up dynamics that have taken hold in key indices and markets. Read more here.

Silex Microsystems AB surged in its first day of trading on Nasdaq Stockholm after an initial public offering that raised about 2 billion Swedish kronor ($220 million) for the specialist microchip-maker and its Chinese shareholder Sai MicroElectronics Inc.

Alphabet’s cloud division surged 28% in Q1 2024, outpacing AWS and Azure, signaling a major power shift in the $600B cloud market.

From Reddit - r/truereddit: Immigration Scams Surged as Trump’s Sweeps Lured Desperate People to Eager Defrauders