Newmark Group’s stock saw sharp gains on Friday, with investors snapping up shares of the commercial real-estate services company as it talked up its prospects for artificial-intelligence data centers and electric-power development.

U.S. stocks are sinking after a report said inflation is unexpectedly getting worse for Americans. The S&P 500 fell 0.9% in early Wednesday trading.

Wall Street edged back from its all-time high on Friday, as U.S. stock indexes drifted following mixed profit reports from big companies. The S&P 500 barely budged and slipped by less than 0.1%, a day after rallying within 0.