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Wall St slips after jobless claims, inflation data

Published by
Reuters

By Devik Jain and Ambar Warrick (Reuters) – Wall Street’s main indexes slipped on Thursday as investors weighed data showing a steady jobs market recovery against a rise in producer prices, ahead of earnings reports from major companies including Walt Disney. The Labor Department’s report showed the number of Americans filing new claims for unemployment benefits fell last week, as expected, while a separate reading showed U.S. producer prices rose more than expected through July. The inflation reading came on the heels of data that showed growth in consumer prices appeared to be slowing. The c…

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