Most stocks fell on Wall Street following a disappointing update on inflation. But gains for Amazon and other influential Big Tech companies helped to mask the losses on Thursday, and the S&P 500 edged up less than 0.1%. The Dow Jones Industrial Average and the Nasdaq composite were also little changed. The hotter-than-expected inflation report forced traders to second guess the widespread consensus that the Federal Reserve will deliver reliepf next month by cutting interest rates. Treasury yields rose in the bond market. Tapestry, the company behind Coach, sank 15.7% after detailing how much profit it could lose from tariffs and duties.
