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US Equity Markets Mixed Amid Gains in Tech Stocks Despite Hot Producer Data

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US equity indexes were mixed on Wednesday after technology stocks led major gains and a hotter-than-anticipated producer price inflation data was reported.

* Among the top 10 companies with a market capitalization of more than $200 billion, implying a significant sway over indexes, seven were from technology and communication services. In the S&P 500, ON Semiconductor (ON) was among the top outperformers. Nasdaq's leader was Marvell Technology (MRVL), and Nvidia (NVDA) was the second-biggest gainer on the Dow.

* The US Producer Price Index rose 1.4% in April from a 0.7% gain in March, according to the Bureau of Labor Statistics, beating the 0.5% increase expected in a survey compiled by Bloomberg.

* June West Texas Intermediate crude oil fell $0.96 to settle at $101.22 per barrel, while July Brent crude, the global benchmark, was last seen down $1.97 at $105.80.

* Ford Motor (F) shares were up roughly 13% after Morgan Stanley said the company had a "fairly high likelihood" of signing energy-storage solutions supply agreements with large commercial customers, including hyperscalers, in the next few months.

* Palantir Technologies (PLTR) stock was down 4.4% after the company's external staff and other consultants were provided unrestricted entry to identifiable medical records by the UK's National Health Service, according to a Financial Times report on Tuesday, citing an internal briefing note.

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