US CPI Comes In Hot, NVIDIA Hits New High, Nasdaq Dips Over 1%

Market News
1. U.S. CPI data for April came in hotter than expected with annual inflation at 3.8%, potentially triggering market volatility and strengthening the U.S. Dollar.
2. NVIDIA (NVDA) shares surged to a new all-time high, with its market capitalization now exceeding the entire healthcare sector of the S&P 500 index.
3. U.S. stock markets generally opened lower, with the Nasdaq index falling over 1% led by a decline in major technology stocks.