@Bunifa Latif:
$DJIA(.DJI)$ Biggest weekly drop in more than a month on higher-than-expected US inflation data The US stock market slipped on Friday, after a higher-than-expected reading on inflation. The report didn't give investors hope that the Fed will become less aggressive in lifting interest rates soon. · The Dow Jones Industrial Average dipped 305 points, or 0.9%. The S&P 500 dropped 0.7%, while the Nasdaq Composite also fell 0.7%. For the week, the Dow, the S&P 500, and Nasdaq fell 2.8%, 2.4%, and 4%, respectively. · The producer price index rose 7.4% year over year in November, above the expected 7.2%, but below October’s 8.1% gain. A slower increase in companies’ costs means firms will increase prices at a slowe