Stocks are losing ground on Wall Street in afternoon trading Friday, pulling the market down from its latest all-time highs, after a closely watched measure of inflation showed prices mostly held steady last month.

The S&P 500 was down 0.7% a day after climbing to a record high. The benchmark index is set to end August up 1.8%, which would be its fourth straight month of gains.

The Dow Jones Industrial Average also came off its own record high, shedding 172 points, or 0.4%, as of 12:30 p.m. Eastern time. The Nasdaq composite was 1.2% lower.

Losses in technology weighed on the market, offsetting gains in health care and other sectors.

Dell Technologies slid 7.9% for the biggest decline among S&P 500 stocks a day after the company reported second-quarter revenue that exceeded analysts' e

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