📈 The Latest Stock Market News and Trends

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Hey there, fellow investors! Today, let's dive into the exciting world of stocks and explore the latest market trends and news. 🚀💰

Stocks fluctuated between gains and losses on Friday after another faster-than-expected inflation reading, this time on producer prices. The bears won out in the final hour of trading as major indexes slipped further into the red. The Dow Jones Industrial Average ended down 145 points, or 0.4%, while the S&P 500 declined 0.5%.

Despite the lukewarm quarterly earnings season, with almost 80% of companies in the S&P 500 reporting fourth-quarter results, there were still some standout winners. Chip equipment maker Applied Materials rose 6.4% after its revenue outlook and results came above analysts' forecasts. And crypto exchange Coinbase rallied 8.9% after reporting a surge in quarterly transaction revenue. 📊💹

Now, let's talk about an uncomfortable truth for investors - governance. Tesla, led by Elon Musk, is a prime example of how companies run by big shareholders often give smaller shareholders good returns while flouting rules and norms designed to protect them. The recent ruling against Musk's $50 billion-plus pay packet from 2018 has once again put Tesla's governance in the spotlight. How should investors deal with powerful shareholders? Let's explore this intriguing question. 🤔⚖️

On the economic front, the U.S. economy took a breather in January following brisk growth at the end of last year. Retail sales fell 0.8% in January from December, while January industrial production edged down 0.1%. Although technical issues and cold weather might have contributed to the weakness, the fundamental health of the U.S. economy remains intact. 📉📈

That's all for today's market update! Stay tuned for more exciting news and trends in the world of stocks. Happy investing! 💼💵

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