The Dow fell 137.66 points, or 0.35%, to 38,905.66. The S&P 500 lost 14.83 points, or 0.29%, at 5,150.48 and the Nasdaq dropped 49.24 points, or 0.3%, to 16,128.53.
NEW YORK: US 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.
Data showed US producer prices increased more than expected in February as the cost of goods like gasoline and food surged.
