U.S. equities fall after latest PPI report
Major U.S. market averages traded lower as traders digested the latest wholesale inflation data. The Dow, the S&P 500 and the Nasdaq Composite were all down on Thursday.
Wall Street’s major averages were lower on Thursday as traders weighed the latest wholesale inflation data. The blue-chip Dow TVC:DJI was last -0.5%, the benchmark S&P 500 (SP500) was down -0.6%, and the tech-focused Nasdaq Composite NYSE:COMP was off -0.8%. From a sector-by-sector standpoint, the red tone was broad across the major U.S. equity indexes.