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Despite 16 years of dividend growth, high debt, and poor risk-adjusted returns make the biotech leader unattractive at current levels.

Although the benchmark indices opened lower, they traded negatively throughout the session and ultimately closed red.

Indices fell to their lowest level since November after posting three consecutive losing sessions.

GBP/JPY weakens as softer UK GDP and production data weigh on the Pound.

Core PCE inflation hit a near two-year high of 3.1% in January as service costs remained sticky.

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Consumer debt growth slowed to 1.9% in January as Americans reached credit limits with Visa and Mastercard.

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Shares of Adobe fell sharply by 8% in premarket trading on Friday after the software company said long-time chief executive Shantanu Narayen would step down.

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USD/JPY hit its highest level since July 2024, nearing the critical 160.00 threshold as Bank of Japan intervention fears mount.

PayPay stock surged after its Nasdaq debut and continued rising in premarket trading as ARK Invest revealed a new stake in the SoftBank-backed fintech company.

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