After the consumer price index published earlier in the week, the producer price index disappointed this Friday. These macroeconomic data, if they emerge as a fundamental trend, could encourage the Fed not to quickly reduce rates currently at a 23-year high.
Nike (-2.4% to 103.51) announced the elimination of around 2% of its workforce, or more than 1,600 positions, as the sportswear giant seeks to reduce costs after posting weaker profits this year . Oppenheimer lowered his recommendation to Online Performance.
The semiconductor equipment supplier Applied Material (+6.35% to 199.57) anticipates a turnover of 2th quarter better than Wall Street estimates, driven by a recovery in demand for personal computers and a boom in artificial intelligence.
Gilead Sciences (-2.44% to 71.58) said it had suspended registrations for its tests for its cancer drug magrolimab, a week after the US regulator suspended some tests due to an increased risk of patient deaths .
According to Bloomberg, Apple (-0.95% to 182.12) plans to launch an artificial intelligence tool to complete the lines of software code.
Exxon Mobile (steady at 103.73) plans to decide by the end of the year which lithium filtration technology it will use in Arkansas in order to become a leading producer of the metal.
Door Dash (-8.13% to 116.01) reported full-year profit well above expectations and beat consensus in the fourth quarter as more customers used its online delivery platform.
Coinbase Global (+8.84% to 180.31) reported better-than-expected fourth-quarter profit, helped by higher interest income the cryptocurrency exchange earned on its stablecoin reserves.
According to Bloomberg Law, the US Department of Justice intends to closely examine a proposed sports streaming platform developed by Walt Disney (-0.76% to 111.6), Fox (- 0.68% to 27.95) and Warner Bros Discovery (-3.06% to 9.83).
The title Dropbox plunged 22.93% to 25.08, while JP Morgan moved from Overweight to Neutral.
THE Dow Jones thus lost 0.37% to 38,627.99 points, the Nasdaq Composite 0.82% to 15,775.65 points and the S&P 500 0.48% to 5,005.57 points.
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