financetom
Market
financetom
/
Market
/
Dow Dips Over 600 Points; US Producer Prices Increase In January
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Dow Dips Over 600 Points; US Producer Prices Increase In January
Mar 11, 2026 5:53 AM

U.S. stocks traded lower this morning, with the Dow Jones index falling over 600 points on Friday.

Following the market opening Friday, the Dow traded down 1.25% to 48,879.67 while the NASDAQ dipped 1.20% to 22,604.10. The S&P 500 also fell, dropping, 0.88% to 6,848.16.

Check This Out: How To Earn $500 A Month From Goldman Sachs Stock Ahead Of Q4 Earnings

Leading and Lagging Sectors

Consumer staples shares gained by 0.9% on Friday.

In trading on Friday, information technology stocks fell by 1.8%.

Top Headline

U.S. producer prices rose 0.5% month-over-month in January, compared to a revised 0.4% gain in December and above market estimates of 0.3%.

Equities Trading UP

           

Ensysce Biosciences Inc ( ENSC ) shares shot up 60% to $0.63.

Shares of Onemednet Corp ( ONMD ) got a boost, surging 49% to $1.05 after the company announced next phase of commercial rollout with its Palantir foundry-powered RWD platform.

Applied Optoelectronics Inc ( AAOI ) shares were also up, gaining 34% to $72.00 after the company reported better-than-expected fourth-quarter financial results and issued first-quarter sales guidance above estimates.

Equities Trading DOWN

Fulgent Genetics Inc ( FLGT ) shares dropped 30% to $17.36 as the company announced fourth-quarter results.

Shares of PAR Technology Corp ( PAR ) were down 25% to $16.78 after the company reported fourth-quarter financial results.

Emergent Biosolutions Inc ( EBS ) was down, falling 23% to $8.50 after the company reported worse-than-expected fourth-quarter financial results and issued FY26 sales guidance below estimates.

Commodities

In commodity news, oil traded up 3.5% to $67.51 while gold traded up 1% at $5,243.90.

Silver traded up 5.8% to $92.640 on Friday, while copper rose 1.4% to $6.0910.

Euro zone

European shares were mostly lower today. The eurozone's STOXX 600 fell 0.1%, while Spain's IBEX 35 Index fell 0.3%. London's FTSE 100 rose 0.5%, Germany's DAX fell 0.2% and France's CAC 40 declined 0.4% during the session.

Asia Pacific Markets

Asian markets closed mixed on Friday, with Japan's Nikkei 225 gaining 0.16%, Hong Kong's Hang Seng index surging 0.95%, China's Shanghai Composite rising 0.39% and India's BSE Sensex slipping 1.17%.

Economics

U.S. producer prices rose 0.5% month-over-month in January, compared to a revised 0.4% gain in December and above market estimates of 0.3%.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Equity Markets Eke Out Gains as Traders Parse Fed Chair Comments
Equity Markets Eke Out Gains as Traders Parse Fed Chair Comments
Mar 6, 2024
04:30 PM EST, 03/06/2024 (MT Newswires) -- US benchmark equity indexes closed higher Wednesday, as markets assessed remarks from Federal Reserve Chair Jerome Powell's Congressional testimony before the House. The Nasdaq Composite rose 0.6% to 16,031.5, while the S&P 500 advanced 0.5% to 5,104.8. The Dow Jones Industrial Average gained 0.2% to 38,661.1. Barring consumer discretionary and communication services, all...
TSX Closes Up 68 Pts, But About 120 Pts Below Session Highs
TSX Closes Up 68 Pts, But About 120 Pts Below Session Highs
Mar 6, 2024
04:15 PM EST, 03/06/2024 (MT Newswires) -- After being pushed up to as high as 21,712 early in today's session, Canada's main stock market closed out Wednesday with more modest gains of 68 points at 21,594, with the resources heavy index buoyed by higher commodity prices, but held back on the increasing probability of delayed rate cuts across North America...
US Equity Markets Close Up Wednesday After Powell's Comments on Inflation, Interest Rates
US Equity Markets Close Up Wednesday After Powell's Comments on Inflation, Interest Rates
Mar 6, 2024
04:04 PM EST, 03/06/2024 (MT Newswires) -- US equity markets ended higher Wednesday as traders digested Federal Reserve Chair Jerome Powell's comments on inflation and interest rates in his semi-annual Congressional testimony before the House of Representatives. * Powell said it would likely be appropriate to cut interest rates this year if the economy evolves as expected but cautioned that...
US STOCKS-Wall St rises as Powell fuels hopes for rate cuts this year
US STOCKS-Wall St rises as Powell fuels hopes for rate cuts this year
Mar 6, 2024
(Updates with preliminary closing prices at 4:00 p.m ET/ 2100 GMT) By Sinéad Carew and Bansari Mayur Kamdar March 6 (Reuters) - Wall Street's three major indexes closed higher on Wednesday as economic data and comments from Federal Reserve Chair Jerome Powell reinforced expectations that the U.S. central bank would reduce its benchmark interest rate this year. Powell said on...
Copyright 2023-2026 - www.financetom.com All Rights Reserved