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

by

in

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.

Check This Out: Amazon, Royal Caribbean Cruises And 2 Other Stocks Insiders Are Selling

 

Leading and Lagging Sectors

 

Information technology shares rose by 0.6% on Friday.

In trading on Friday, real estate shares fell by 1.3%.

 

Top Headline

 

U.S. producer prices for final demand rose 0.3% month-over-month in January, recording the biggest rise in five months, compared to a 0.1% fall in the previous month. However, analysts were expecting a 0.1% increase in producer prices.

 

Equities Trading UP

 

Gaxos.ai Inc. (NASDAQ: GXAI) shares shot up 398% to $1.29. Gaxos Gaming announced plans to launch an AI solution for game developers and studios.

Shares of Pop Culture Group Co., Ltd (NASDAQ: CPOP) got a boost, surging 286% to $4.9460.

Fusion Fuel Green PLC (NASDAQ: …

Full story available on Benzinga.com


Comments

Leave a Reply

Your email address will not be published. Required fields are marked *