The Dow Jones Industrials faltered 145.13 points to conclude Friday at 38,627.99.
The S&P 50 backed off 24.16 points to 5,005.57.
The NASDAQ index surrendered 130.52 points to 15,775.65.
This week’s whiplash action put Wall Street in danger of snapping a five-week winning streak. The S&P 500 is now down 0.2% for the week, while the Dow is hovering around the flatline. The NASDAQ was poised to slide 0.6%.
A.I. darling Nvidia remained higher Friday as it got another uber-bullish call from a Wall Street analyst, with Loop Capital saying it was set to eventually top $1,200. Applied Materials popped 8% on stronger-than-expected earnings.
Shares of food delivery service DoorDash dropped 9% on a wider-than-expected loss, while digital advertising company Trade Desk popped about 19% after topping analysts’ fourth-quarter revenue estimates and offering an upbeat outlook for the first quarter.
The producer price index for January, a measure of wholesale inflation, increased 0.3%. Economists polled by Dow Jones had anticipated a gain of 0.1%. Excluding food and energy, core PPI rose increased 0.5%, higher than the expectations for a 0.1% advance.
Prices for the 10-year Treasury dropped, raising yields to 4.29% from Thursday’s 4.24%. Treasury prices and yields move in opposite directions.
Oil prices added $1.18 to $79.21 U.S. a barrel.
Gold prices recovered $9.40 to $2,024.30.