U.S. Stocks Extending Yesterday's Pullback Amid Inflation, AI Concerns

Following the pullback seen in the previous session, stocks are seeing continued weakness during trading on Friday. The major averages have all moved to the downside, with the Dow hitting its lowest intraday level in almost a month.Currently, the major averages are well off their lows of the session but remain firmly negative. The Dow is down 565.35 points or 1.1 percent at 48,933.85, the Nasdaq is down 163.05 points or 0.7 percent at 22,715.33 and the S&P 500 is down 38.61 points or 0.6 percent at 6,870.2 ...