Watched the market take another hit on Friday - stocks falling across the board with the S&P 500 down 0.43%, Dow off 1.05%, and tech taking it on the chin with the Nasdaq down 0.30%. Banks got absolutely hammered after that UK lender collapsed, and honestly the whole sector looked shaky. Saw American Express and Goldman Sachs leading the losses, both down over 7%.

The inflation data didn't help - January PPI came in hotter than expected at 0.5% month-over-month and 2.9% year-over-year, which basically killed any hopes of rate cuts anytime soon. The market was already nervous about AI disruption weighing on sentiment, and then you had software and cybersecurity stocks retreating hard. Zscaler dropped 12% even though they beat earnings, which tells you something about the mood.

Not all bad though. Saw some bright spots - Dell absolutely crushed it with a 21% jump after strong AI server guidance. Netflix popped 13% after backing away from the Warner Bros deal. Airlines got slammed though since oil rallied to a 7-month high on those Iran tensions, which obviously hurts their margins.

Bond yields actually fell to 4-month lows which usually supports stocks, and the Chicago PMI came in stronger than expected, showing some economic resilience. But yeah, overall it was a day where stocks falling and sector rotation dominated the action. Banking sector stress and tech weakness seem to be the main story right now.