Stocks traded mostly lower Friday after fresh economic data painted a sobering picture of the economy.These stocks were on the move Friday:Texas Instruments dropped 7.5% after the chip company reported fourth-quarter earnings and revenue that beat analysts’ estimates but issued weak profit guidance for the current first quarter.
Much of the capital investment, a big jump from 2024, will fund expansion of Meta’s data centers, which provide the computing power needed by A.I. products and algorithms.
The stock market indexes surged on a tame CPI inflation report, reclaiming key levels. Tesla, Meta led a slew of new buys.