US Producer Prices Record Highest Increase in Four Years in April

US producer prices have risen at the fastest pace in four years, stoking inflation worries. The uptick is amplifying risk sentiment in the technology sector and could exert selling pressure on growth‑focused shares such as GOOGL. Technical indicators reinforce a bearish bias: the RSI sits at 39, the MACD is negative, and the price is trading below the 20‑ and 50‑day simple moving averages. In the short term (1–3 days), the price is likely to be tested in the 380–385 range. Nevertheless, the company’s robust revenue growth and sectoral support may help it avoid a sharp decline.

Producer prices in the United States rose by the largest amount in four years in April, underscoring persistent inflationary pressure. As the likelihood of further Fed rate hikes rises, global risk sentiment is expected to weaken, potentially putting downward pressure on the Turkish lira and pushing foreign exchange rates higher. Rising bond yields could also create selling pressure on risk assets. In the short term, a decline in Turkish markets is anticipated.

The United States’ largest increase in producer prices in four years could heighten inflation concerns and put short‑term pressure on the technology sector. The Nasdaq 100 (NDX) rose 2.28% in the last 24 hours, yet technical indicators—MACD below its signal line and an RSI of 59.5—support the possibility of a short‑term pullback. While the index remains above both the 20‑day and 50‑day simple moving averages, indicating a still‑upward medium‑term trend, inflation news may make investors cautious. Consequently, a modest decline in the NDX over the next one to three days is plausible, though market risk appetite and other macro data will also play a role.