• U.S. stocks dropped on Thursday, with chipmaker stocks extending losses for a second day, and as a jump in producer prices left investors wondering if the Federal Reserve might wait longer than expected to cut interest rates.
  • The Dow Jones Industrial Average (.DJI), opens new tab fell 137.66 points, or 0.35%, to 38,905.66. The S&P 500 (.SPX), opens new tab lost 14.83 points, or 0.29%, at 5,150.48 and the Nasdaq Composite (.IXIC), opens new tab dropped 49.24 points, or 0.3%, to 16,128.53.