1 min read
Good morning. Stocks were mixed on Friday after new data showed that US wholesale prices surged to a four-year high in October. Tech (XLK) stocks declined as semiconductors retreated.
Shares of AI chip heavyweight Nvidia (NVDA) dropped 2%, on pace to close out a losing week after Jensen Huang resigned as CEO of the AI chip giant following reports of multiple affairs.
The 10-year Treasury yield (^TNX) reached 5.16% on Friday, its highest level since October. Meanwhile, Brent crude oil futures (BZ=F) rose to $96 per barrel while WTI (CL=F) also jumped to around $89 per barrel.
Read more: How soaring Treasury yields could hit your finances
Here’s a check of the markets this morning, based on a heat map powered by Yahoo Finance AlphaSpace data.
Bitcoin (BTC), the world’s largest cryptocurrency, tumbled below $70,000 on Friday for the first time in nearly three months.
Here are some other notable stocks that Yahoo Finance readers are viewing this morning: Cerebras (CBRS), Tesla (TSLA), and Cisco (CSCO).
Click here for the latest stock market news and in-depth analysis, including events that move stocks
