Stocks fell Thursday after another hot inflation report, and a decline in jobless claims, showed the economy is holding up amid the Federal Reserve's rate hikes.
The Dow Jones Industrials remained negative 165.94 points to move into Thursday's lunch hour at 33,962.11
The S&P 500 was negative 20.32 points to 4,127.28.
The NASDAQ Composite fell short 63.51 points to 12,007.08.
Microsoft and Amgen contributed the most to the Dow's decline, losing nearly 1% each. Every S&P 500 sector fell, with real estate, utilities and industrials leading the way lower. Investors will also continue watching company earnings for signs about the strength of the consumer. DropBox, DoorDash and DraftKings are all scheduled to report Thursday after the bell.
January's producer price index, another inflation measure, rose 0.7% on the month while economists surveyed by Dow Jones expected a 0.4% increase. Initial jobless claims unexpectedly fell for the week ending February 11, per a U.S. Labor Department report.
The new data comes after January's consumer price index and retail sales report were both higher than expected, suggesting that the Federal Reserve may have further to go in its efforts to tame inflation.
Prices for the 10-year Treasury fell hard, raising yields to 3.83% from Wednesday's 3.80%. Treasury prices and yields move in opposite directions.
Oil prices was ahead 14 cents to $78.73 U.S. a barrel.
Gold prices gained $5.10 to $1,850.40 U.S. an ounce.