Markets Dip as Inflation Concerns Weigh on Recent Gains
TL;DR Summary
Major U.S. stock indexes, including the Dow Jones, S&P 500, and Nasdaq, fell on Thursday following hotter-than-expected inflation data from the producer price index, which rose 0.4% in November. Adobe's stock plunged 12% after its earnings outlook disappointed, while Nvidia and Tesla also saw declines. The 10-year Treasury yield increased to 4.27%, and oil prices continued to rise. The market is reacting to economic indicators and company performances, with notable movements in stocks like IBM, Broadcom, and BlackRock.
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