NEW YORK (AP) — Most stocks are falling on Wall Street Thursday after a disappointing report said inflation was worse last month at the U.S. wholesale level than economists expected. But gains for Amazon and other influential Big Tech companies are helping to mask the losses.
The S&P 500 was virtually unchanged after setting an all-time high the day before, even though three out of every four stocks within the index sank. The Dow Jones Industrial Average was down 79 points, or 0.2%, as of 11 a.m. Eastern time, while the Nasdaq composite was hovering around its record set the day before.