NEW YORK (AP) — Most stocks fell on Wall Street Thursday after a disappointing report said inflation was worse last month at the U.S. wholesale level than economists expected. But gains for Amazon and some other influential Big Tech companies helped mask the losses.

The S&P 500 dipped 0.3% after flirting with its all-time high, which was set two weeks ago, earlier in the day. The Dow Jones Industrial Average dropped 200 points, or 0.5%, while the Nasdaq composite shaved 0.3% off its own record.

World shares are generally higher after a disappointing U.S. inflation report. The report shows inflation at the wholesale level was worse than expected. The S&P 500 futures gained 0.2%, and

Live Updates Live Coverage Has Ended Thursday Wrap-up 4:20 pm The Vanguard S&P 500 ETF closed Thursday almost flat at 592.77, down just 0.01%. Ask Sherwin-Williams... Why Its Stock is Going Down 1:32 pm BofA Securities analyst Steve Byrne removed his sell rating and upgraded S&P 500 component company Sherwin-Williams (NYSE: SHW) to neutral this

For investors, the July CPI print was just right, as it raised the odds of a rate cut at the next Fed meeting while showing that inflation isn't spiraling.