Know-how shares have been among the many key decliners.
Nvidia dropped greater than 1 %, whereas Adobe plunged over 13 % following a disappointing 2025 outlook. Different main tech corporations, together with Meta Platforms, Alphabet, and Amazon, additionally closed decrease.
The US producer value index, which measures wholesale costs, rose 0.4 % in November, surpassing economists’ expectations of a 0.2 % improve.
The information pushed the 10-year Treasury yield to its highest stage in two weeks, additional weighing on equities.
This inflation information adopted the US client value index report earlier within the month, which aligned with estimates and fuelled hypothesis in regards to the Federal Reserve’s subsequent transfer.