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NYSE:GS 7 February 2026 - 2 March 2026

Dow Jones today: Why the index is down more than 600 points on inflation and AI nerves

Dow Jones today: Why the index is down more than 600 points on inflation and AI nerves

The Dow Jones Industrial Average dropped more than 600 points by midday Friday, pressured by a stronger-than-anticipated wholesale inflation print and renewed volatility in AI-focused stocks. As of 11:47 a.m. ET, the Dow had fallen 602.06 points, marking a 1.22% decline to 48,897.14. The S&P 500 retreated 0.66%, while the Nasdaq Composite slipped 0.99%. Both the S&P 500 and Nasdaq tracked for their heaviest monthly losses since March 2025.
Financial services stocks brace for “jobs + CPI” week after XLF jumps — here’s what traders watch

Financial services stocks brace for “jobs + CPI” week after XLF jumps — here’s what traders watch

Financial services names in the U.S. caught a bid going into the weekend, with the Dow breaking past 50,000 for the first time. Goldman Sachs rallied 4.3%, fueling the move. “What’s driven it recently has been the broadening that we have seen in the market … other than just the tech, AI trade,” said Horizon Investment Services CEO Chuck Carlson.
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