S&P 500 Gains and Losses Today: Applied Materials Jumps Amid AI-Driven Demand

Key TakeawaysThe S&P 500 dropped 0.5% on Friday, Feb. 16, 2024, after a report showed that wholesale prices rose more than expected in January.Shares of Digital Realty Trust plunged after the REIT posted lower-than-expected quarterly funds from operations.Semiconductor equipment manufacturer Applied Materials beat profit and sales estimates amid strong AI-driven demand, and its shares jumped higher.Major U.S. equities indexes lost ground on Friday after Producer Price Index (PPI) data showed that wholesale ...