Most stocks are falling on Wall Street after a disappointing report said inflation was worse last month at the U.S. wholesale level than economists expected.

Wall Street shares fell Thursday as data showed US producer price inflation surged far more than expected in July, denting optimism that the Federal Reserve would soon start cutting interest

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.