Stock Market News Today: Markets mixed as chip stocks offset hot PPI data (SP500)

News Snapshot:

Wall Street's major averages on Friday had recovered from their session lows and were trading mixed, as a rise in chip stocks countered more hotter-than-expected inflation data. The tech-heavy Nasdaq Composite (COMP.IND) lost ground by 0.16% to 15,880.92 points in mid-day trade, while the blue-chip Dow (DJI) was lower by 0.06% to 38,750.83 points. The benchmark S&P 500 (SP500) was slightly up by 0.03% to 5,031.19 points. Of the 11 S&P sectors, six were in the red, with Communication Services falling the most. Materials topped the gainers. Before the opening bell, the U.S. Bureau of Labor Statistics said that the...