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US wholesale inflation hit 6.5 percent on an annual basis in October 2026, the highest rate since November 2022 (SCOTT OLSON) Wall Street stocks mostly fell Friday as tech shares remained under pressure following the shock downfall of Nvidia's chief Jensen Huang, while the dollar rose following additional data that showed US inflation is persisting. Huang, perhaps the tech industry's most recognized booster of artificial intelligence, stepped down Thursday following revelations of extramarital affairs, including with a woman suspected of being a Chinese spy. The shakeup has battered shares of Nvidia, until recently the world's most valuable publicly traded company, with the company dropping another two percent on Friday.
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