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US close: Stocks lower as Trump announces Fed pick, PPI comes in hotter than expected

By Iain Gilbert

Date: Friday 30 Jan 2026

(Sharecast News) - Major indices were in the red at the close of trading on Friday after Donald Trump announced his nominee for head of the Federal Reserve and December's PPI report showed wholesale inflation rising sharply at end of 2025.
At the close, the Dow Jones Industrial Average was down...

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