US stock indices retreated on Thursday after a hotter-than-expected producer prices data dampened investor hopes of interest rate cuts by the Federal Reserve this year.
At the opening bell, the Dow Jones Industrial Average fell 31.4 points, or 0.07%, to 44,890.84. The S&P 500 fell 13.1 points, or 0.20%, to 6,453.46, while the Nasdaq Composite dropped 63.9 points, or 0.29%, to 21,649.211.
Bullion
Gold prices were muted on Thursday after hotter-than-expected US wholesale inflation data and a drop in jobless claims.
As of 9:15 AM ET (1315 GMT), spot gold fell 0.1% to $3,352.65 per ounce. US gold futures for December delivery were down 0.2% to $3,400.60.
Among other metals, spot silver lost 1% to $38.11 per ounce, platinum gained 1% to $1,352.60 and palladium rose 1.7% to $1,140.81.
