Dow higher after producer prices data; Nasdaq, S&P 500 fall – Reuters

Dow higher after producer prices data; Nasdaq, S&P 500 fall – Reuters

Jan 13 (Reuters) - The Dow rose on Thursday after a slower rise in producer prices in December fueled hopes that inflation has potentially reached its peak, while declines in healthcare stocks and megacap companies pressured the S&P 500 and the Nasdaq.

The producer price index increased 0.2% last month, after advancing 0.8% in November, the Labor Department said on Thursday amid falling cost of goods and signs that stretched supply chains were starting to ease. read more

In the 12 months through December, the PPI surged 9.7%, below the 9.8% forecast of economists polled by Reuters.