Stocks Mixed as Bitcoin Plunges 6% and Gold Rises Amid Earnings and Inflation Data
• U.S. stocks were mixed on Friday following latest earnings reports and producer inflation data; Dow fell 0.4% while Nasdaq and S&P 500 were relatively flat • Bitcoin plunged over 6% on Friday, marking its worst day since August 2023, possibly due to traders taking profits after recent rally • Gold prices rose 1% to over $2,050 per ounce, defying expectations that Bitcoin ETF approval would negatively impact gold • Airline stocks dropped significantly, with American Airlines, United Airlines and Delta down 8-9%, amid downward forecast revisions • Tesla stock fell 4% on news of production suspensions in Europe and China price cuts; Bank of America and UnitedHealth also saw notable declines