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Tech Stocks Ease On Hot PPI, Yields Rise, Microsoft, Amazon Snap 5-Week Positive Streak: What’s Driving Markets Friday?

Wall Street takes pause after stronger-than-expected producer inflation report, potentially delaying Fed rate cuts and impacting major indices and stocks.

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Dow Falls 150 Points; US Producer Prices Rise 0.3% In January

U.S. stocks traded mostly lower this morning, with the Dow Jones index falling around 150 points on Friday. Following the market opening Friday, the Dow traded down 0.43% to 38,607.11 while the NASDAQ rose 0.01% to 15,907.68. The S&P 500 also fell, dropping, 0.16% to 5,021.71.

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