Stocks on Track for Monthly Losses After PPI Inflation Surprise [View all]
Source: Yahoo Finance
US stocks sank on Friday after a measure of wholesale inflation came in hotter than expected and Block's (XYZ) surprise shakeup turned the spotlight on AI disruption risks.
The Dow Jones Industrial Average (^DJI) led the way down with a loss of 1%, or more than 500 points. Meanwhile, the Nasdaq Composite (^IXIC) fell 0.8%, while the S&P 500 (^GSPC) dropped 0.4%, respectively, on the heels of sharp closing losses for the tech-heavy indexes.
The Dow snapped an eight-month win streak, with the blue chip index losing more than 2% in February. The Nasdaq and S&P 500 also declined more than 2%, and 1.5% respectively for the month.
Read more: https://finance.yahoo.com/news/live/stock-market-today-dow-sp-500-nasdaq-fall-to-end-losing-month-as-ai-worries-buffet-markets-210030002.html
I hate Yahoo for constantly doing this but the title of the story from the main page is as indicated in my title. Having said that...
50,000!
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