Stocks Mixed After Hot Inflation Data; Roku Plunges 16%, Coinbase Surges on Earnings
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Dow Jones futures extended losses Friday after hotter-than-expected producer price inflation data raised concerns about the Fed's rate hike path.
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Roku stock plunged over 16% despite strong user and revenue growth in Q4 results. Coinbase surged 16% as earnings crushed estimates.
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Applied Materials rallied nearly 12% on earnings, while DraftKings tumbled almost 3% on weak results. Trade Desk vaulted 18% higher as revenue topped views.
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Procter & Gamble and Walmart are Dow Jones stocks to watch, consolidating around potential buy points.
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Software leaders MongoDB, Samsara, and UiPath are tracing bases and working on potential entries.