Stock Market Today: Dow Jones Slides On Hot PPI Inflation Report; AI Stock Coherent Plunges On Earnings (Live Coverage)

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Shares of Advance Auto Parts declined 1.7% in morning trading, while Birkenstock lost 2%. Cisco stock sold off 1.4%, as Coherent plunged 19%. Deere stock tumbled 5%. JD.com shares moved up modestly but NetEase dived nearly 7%. Finally, Tapestry crumbled 11% in premarket trading.