Traders still overwhelmingly expect the Federal Reserve to keep interest rates at their current level at its next meeting, according to CME Group's FedWatch tool.
Consumer prices rose 3.7% in September compared to a year earlier, slightly above expectations. The monthly gain was also a little bigger than expected, up 0.4% from August.
In other economic news, initial jobless claims held steady at 209,000, below the figure expected by economists.
Stocks fell. All three major indexes fell 0.5% or more, with the Dow industrials losing 174 points.
Yields increased. The 10-year US Treasury yield ended the day at 4.710%, up from 4.596% on Wednesday. The two-year yield rose as bond prices fell.
Walgreens shares rose. The pharmacy chain reported a narrowest quarterly loss. Delta shares fell after tthe Porter recorded profits of 1.1 billion dollars59% more than the previous year.
Food company shares. Hormel collapsedheading them towards their worst day in more than a decade. Homebuilder Stocks Fallas rising mortgage rates heat up fears of reduced demand.
Brent crude rose. It closed up 0.2% at $86 a barrel on Thursday, snapping a two-session losing streak. The merchants are monitoring the conflict between Israel and Hamas.
Correction: Shares were on track to snap a four-day winning streak in afternoon trading. A previous version of this post said they were on track to break a four-day losing streak.
