Trading on the United States (US) stock market declined on Friday, marking a difficult week for the market which was seen struggling to hold on to gains from earlier optimism.
The major Dow Jones, S&P 500, and Nasdaq indexes were all down in Thursday's trading, with losses of nearly half a percent each.
Investors took note of comments by Federal Reserve (Fed) Chairman Jerome Powell, who indicated that the central bank should not rush to lower interest rates, given the economy is in good shape.
As a result, expectations for a possible rate cut in December fell significantly, from an 82.5% chance to just 48%.
Adding to the uncertainty, new data showed an increase in producer prices (PPI) for October, with the core inflation rate rising slightly more than expected.
In the corporate world, applied materials saw its stock fall nearly 6% after it forecast lower revenue for the current quarter.
On the bright side, shares of Domino's Pizza jumped more than 7% after Berkshire Hathaway, Warren Buffett's firm, announced it had bought a stake in the company.
