Stock Market Today: The Dow Jones index rose Friday ahead of a key inflation survey. AMD stock rallied near record highs.

Energy prices were lower due to the government's energy bill support package and lower wholesale prices before the Iran war.

The strong rally in US equities could face increasing pressure in the final stretch of the corporate earnings season as investors grapple with rising inflation concerns and surging bond yields. The benchmark S&P 500 has shown signs of volatility this week but remains less than 1% below its record high.

U.S. consumer prices rose in April, fueled by a spike in energy prices caused by the Iran war.

With many Americans worried about prices, it’s worth looking at whether workers’ wages have been rising quickly enough to keep up. Like a lot of things in economics, however, there’s not one definitive answer.

That’s the highest rate since the financial crisis 17 years ago and almost one and a half times as much as the payout rates available at the lows just after the COVID-19 crisis. And a man of 70 could today lock in a lofty payout rate of 9.

U.S. wage growth is lagging inflation for the first time since 2023, eroding consumers' purchasing power.

Inflation, which measures the increase in the price of something over time, remains above the Bank of England's target of 2%.

Mexico’s annual inflation slowed in line with expectations in early May, after the central bank late last month delivered a final interest rate cut of a two-year easing cycle.

By Leika Kihara TOKYO, May 22 (Reuters) - Japan's core consumer prices rose 1.4% in April from a year earlier, data showed on Friday, marking the slowest annual pace in four years due largely to the effect of government subsidies on school tuition.

The Federal Reserve and other major central banks may need to tighten monetary policy if inflation expectations continue rising, according to Pacific Investment Management Co.'s chief investment officer Daniel Ivascyn.