The S&P 500 Index ($SPX) (SPY) on Thursday closed down -0.29%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.35%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.30%.
Stocks on Thursday closed mildly lower on the bearish PPI and retail sales reports, and on the sharp +9.8 bp rise in the 10-year T-note yield. The reports suggested that stagflation could emerge since the PPI report was stronger than expected and the retail sales report was weaker than expected.
