US Stocks Slip as Wholesale Prices Rise Faster Than Expected
Key Points: U.S. stocks declined following a higher-than-expected rise in wholesale prices in January. The U.S. producer price index increased by 0.3%, surpassing economists' forecasts. Rising Treasury yields and concerns about inflationary pressures weighed on equities. Investors await further commentary on interest rates from key Federal Reserve officials. U.S. stocks dipped in early New York trading on Friday following a data release indicating a faster-than-anticipated increase in wholesale prices in January, adding to concerns about inflationary pressures in the world's...