Bonds & Stocks
Stocks fell as a selloff in the artificial-intelligence trade gathered speed and pushed investors toward the safety of bonds. The S&P 500 fell 0.5%. The yield on 10-year Treasuries declined 13 basis points to 5.06%.
Economy
US producer prices rose in September at the fastest pace in more than four years as higher energy costs reverberated through the US economy. The producer price index advanced 1.3% from a month earlier — the most since March 2022 — and 6.3% from a year earlier, according to Bureau of Labor Statistics data out Thursday. Excluding food and energy, the gauge was up 0.7% last month and 5% from a year ago.
World
Ukrainian President Volodymyr Zelenskyy has ordered attacks on Russian oil refineries to resume in a spiraling confrontation with Donald Trump over restrictions on US intelligence assistance.