US Market Close Snapshot: Hot PPI, Falling Yields, and Defensive Rotation

TL;DR * U.S. equities finished lower on Friday. Reuters and CNBC both reported the Dow down 1.05%, the S&P 500 down 0.43%, and the Nasdaq down 0.92%. * A hotter-than-expected U.S. producer inflation print kept rate-cut…

US Market Close: Tech Rally Stalls as AI Fervor Cools

TL;DR * US stocks closed mixed as leadership in AI-linked mega caps weakened again. * At the close: S&P