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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.

AMAT

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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.

CHNR

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Blend Labs And 2 Other Penny Stocks Insiders Are Buying

The Dow Jones index closed higher by more than 300 points on Thursday. When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.

ASYS