U.S. markets closed less favorably on Friday amid cooling sentiments, despite overall gains from earlier in the week driven by positive inflation data and strong consumer sentiment.
The Federal Reserve's inflation measure fell to 2.2%, which positively impacted the Dow, while the Nasdaq and S&P 500 experienced declines from mid-week highs.
Acadia Healthcare's shares dropped significantly due to a $20 million settlement over improper billing practices and ongoing investigations that may impact its financial health.
Despite the mixed performance in the U.S. markets, international indices, particularly in Asia, saw significant rallies aided by economic stimulus measures from Beijing.
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