The Dow Jones Industrials made up some ground Thursday, but still lost 65.11 points to 38,647.10.
The much-broader index edged up 12.71 points to 5,433.74.
The NASDAQ gained 59.12 points to 17,667.56, to still another new high.
Broadcom shares surged 12% after the chipmaker topped fiscal second-quarter expectations and announced a 10-for-1 stock split. On the other hand, Dave & Buster’s Entertainment shares dropped 12% after the company’s first-quarter revenue missed estimates.
Generac sank 7% while Paramount Global dipped 5%. The streaming service dipped after National Amusements killed its discussions with Skydance on a proposed merger. Salesforce and Amazon each hesitated 2%, while Caterpillar, was down 1%, to contribute to the Dow’s decline.
May’s producer price index fell 0.2% from the prior month. Economists polled by Dow Jones expected an increase of 0.1%. That report comes a day after May’s consumer price index rose less than expected last month.
Prices for the 10-year Treasury gained ground, lowering yields to 4.24% from Wednesday’s 4.33%. Treasury prices and yields move in opposite directions.
Oil prices reversed 45 cents to $78.05 U.S. a barrel.