Thomson Reuters
- US stocks fell Thursday as an increase in wholesale prices heightened inflation worries.
- That followed a higher-than-expected increase in consumer prices.
- Fed officials Loretta Mester and James Bullard said further rate hikes are warranted.
US stocks finished in the red Thursday after hotter-than-expected wholesale price data was followed by two Federal Reserve officials saying they would back upsizing rate hikes to ease inflationary pressures.
None of the 11 sectors on the S&P 500 rose, with the broad pullback set off by the Labor Department's producer price index report showing a 0.7% increase in January after a 0.2% dip in December.