"Inflation Reports Shake Stock Market: Dow Rebounds, S&P 500 Rises, Coinbase Jumps"

Despite a hotter-than-expected PPI, the Nasdaq and S&P 500 were narrowly mixed in midday trading, with Coinbase surging after reporting an unexpected Q4 profit and Roku plunging more than 20% due to a wider-than-expected loss. The 10-year Treasury yield added 7 basis points to 4.31% after the inflation data, and declining stocks outnumbered advancers on the Nasdaq and NYSE. Additionally, Nvidia rallied 1.8% after Oppenheimer increased its price target to 850, and earnings winners included Texas Roadhouse and Kinsale Capital, both of which are well extended past proper entry points.