U.S. markets opened lower, with the Dow Jones down 0.03%, the S&P 500 down 0.32%, and the Nasdaq down 0.71%. Leading tech stocks declined broadly: Intel (INTC.O) fell over 4%, Qualcomm (QCOM.O) dropped nearly 4%, and ASML (ASML.O) and Micron Technology (MU.O) each fell 2.5%.
U.S. CPI Exceeds Expectations; Crypto Stocks Decline Broadly
TechFlowShare
Summary
New inflation data released on Friday showed that the U.S. CPI rose more than expected, pressuring major markets. The Dow fell 0.03%, the S&P 500 dropped 0.32%, and the Nasdaq declined 0.71% at open. Tech stocks including Intel, Qualcomm, ASML, and Micron all slid more than 2.5%. Crypto news outlets noted that broader market weakness may also weigh on digital assets.
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