Karen Moscow

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I'm Karen Moscow.

It is the final trading day of February and stocks are falling at the open.

This is inflation data reinforced bets the Federal Reserve will not cut rates anytime soon.

Bonds remain slightly higher in a continuation of the recent bid for safety.

Equities are falling as a report showed prices paid to U.S.

producers rose by more than forecast.

The S&P 500 down nine-tenths of a percent.

The Dow Jones Industrial Average down nine-tenths of a percent.

The Nasdaq down 1.3 percent.

Treasuries are wrapping up their best monthly performance in a year against a backdrop of rising global risks.

The yield on the 10-year Treasury 3.97 percent.

The producer price index did increase half percent in January.

That was the most since September, and it came after a revised four-tenths percent increase in December, an underlying gauge that excludes food and energy advanced by the most since July.

OpenAI has raised $110 billion in a deal that values the startup at $730 billion, representing the chat GPT maker's largest funding round to date.

and bolstering its costly push to secure more computing power and talent for AI development.

Amazon.com is investing $50 billion in the financing round, by far the largest amount the e-commerce giant has put into any company.

SoftBank Group and Nvidia each invested $30 billion.