us stocks opened lower on friday leaving the major equities indexes on track for a weekly loss after november produceprice inflation was reported slightly higher than expected though the annual rate slowed on thursday the dow jones industrial average rose 184 points or 055 to 33781 the sp 500 increased 30 points or 075 to 3964 and the nasdaq composite gained 123 points or 113 to 11082 still all three indexes remain lower on the week as the nasdaq composite has now recorded 264 days without setting a new record high equal to the seventhlongest recordless streak according to dow jones market data equities opened lower on friday after a slightly hotterthanexpected read on november producerprice inflation while the pace of price gains over the prior 12 months slowed the extent of the slowdown didnt satisfy investors hopes for a substantial according to peter boockvar chief investment officer of bleakley financial particular attention was paid to the monthly data which showed wholesale prices rose 03 in november compared with expectations for a 02 gain from economists polled by the wall street journal core producer prices advanced 04 on the month compared with expectations for a 02 gain the pace of producerprice growth for october and september was also revised higher im amazed how many think that were just going to quickly go back to a precovid environment with inflation and i just dont see it especially if one listens directly to what companies are saying boockvar said there was better news on friday from china where a report showed manufacturers trimming prices by 13 for the year to november as investors await next weeks reading on the us consumerprice index market analysts highlighted the fact that inflation data is of paramount importance to investors markets remain in absolute inflation data dependence mode said stephen innes managing partner at spi asset management given the way risk moonshot after last months softer cpi print even the typically nonmarket reactive ppi gauge due out later on friday still warrants significant attention especially with marketbased inflation gauges falling primarily due to sinking oil prices other economic data due for release on friday include the university of michigan sentiment index for december alongside wholesale inventories for october at 10 am third quarter real household wealth and real domestic debt growth will be published at noon all times eastern