Business · Markets · 4 hrs ago

US markets end mixed as tech shares fall and producer prices rise

US markets end mixed as tech shares fall and producer prices rise

US stock markets finished the week in mixed territory on Friday, with the Dow slightly higher and the S&P 500 and Nasdaq lower.

The technology-heavy Nasdaq fell 0.9%, while the Nasdaq 100 dropped 1.2%.

Nvidia shares fell 2%, weighing on chip companies, although investors had largely moved past the departure of Nvidia chief Jensen Huang.

Attention turned to US producer prices, which rose 0.3% in October from September, less than the 0.4% increase economists had expected.

Producer prices can offer an early sign of where consumer prices may go, so the figures can influence expectations for interest rates.

But prices were still 6.5% higher than a year earlier, their biggest annual rise since November 2022.

The figures caused little market movement, and no further development is stated.

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