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 some other influential Big Tech companies are helping to mask the losses.
Three out of every four stocks within the S&P 500 fell, though the index edged down by just 0.1% after setting an all-time high the day before. The Dow Jones Industrial Average was down 141 points, or 0.3%, as of 11:50 a.m. Eastern time, while the Nasdaq composite was shaving 0.1% off its record set the day before.