"Market Movers: Coinbase Soars, Roku and DoorDash Decline"

U.S. stock indexes declined after higher than expected producer prices raised concerns about near-term rate cuts from the Fed. Coinbase surged 14% on strong fourth-quarter income, while DoorDash dropped 11% due to a wider-than-expected fourth-quarter loss. Applied Materials rose 7% on a positive revenue outlook, but Roku fell 22% after posting quarterly losses. Yelp shares declined 14% on a weak 2024 fiscal outlook, while Toast rose 17% after announcing layoffs. Trade Desk surged 18% on a strong first-quarter financial forecast, and Bloom Energy slumped 23% following disappointing annual revenue guidance.