A delayed Labor Department report said U.S. producer prices increased 0.6% in January, higher than the 0.4% increase economists had been expecting. The increase was led by a 4.7% surge in fuel prices. Other reports said the U.S. Index of Leading Economic Indicators was unchanged in February, and manufacturing in the Philadelphia region grew at a slower-than-expected pace. All that overshadowed news that the number of new jobless claims filed last week was the lowest since January 2001.
Microsoft's stock fell more than 1% Thursday when the software company and the European Union failed to reach an agreement on antitrust charges. The EU is now likely to impose a hefty penalty against Microsoft. The Nasdaq-100 tracking stock closed at $35.27, down 23 cents, or 0.6%, on trading volume of nearly 109 million shares.
Our InformationWeek 100 index fell 1.91 points, or 0.6%, to close at 317.87, while the Nasdaq fell 14.32 points, or 0.7%, to 1,962.44. The Dow industrials fell 4.52 points, or less than 0.1%, to close at 10,295.78, while the S&P 500 also fell slightly--1.44 points, or 0.1%--to finish the day at 1,122.31.
See the full listing of all the companies in the InformationWeek 100 and the top 5 percentage winners and losers for the last closing at informationweek.com/stocks.