US stocks fall after wholesale inflation reading shows prices are still rising

Dec 9 2022 by Business Insider

 

Richard Drew/AP

US stocks dropped on Friday after November's PPI data showed wholesale prices rising more than expected.  Prices paid by producers rose 0.3% last month from the prior month, higher than estimates of 0.2%.  The report raises tensions ahead of next week's consumer inflation report and key Fed policy meeting. 

US stocks fell on Friday, erasing gains made in pre-market trading after November's Producer Price Index report showed wholesale prices still rising, a discouraging...

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