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- US stocks fell on Friday after the July Producer Price Index showed higher inflation than expected.
- The higher inflation report was driven by services, with prices rising 0.3% in July compared to estimates for 0.2%.
- Friday's PPI report comes one day after the July CPI report showed lower-than-expected consumer inflation.
US stocks edged lower on Friday after the Producer Price Index showed wholesale inflation picked up 0.3% in July, ahead of estimates for a 0.2% rise.
The higher-than-expected inflation report was driven by services and comes just one day after the July CPI report showed cooler-than-expected inflation. Treasury yields moved slightly higher following the data.