12:36 PM EST, 11/14/2024 (MT Newswires) -- US equity indexes fell in midday trading on Thursday after a gauge of wholesale price inflation rose.

The S&P 500 and the Dow Jones Industrial Average both decreased 0.3% to to 5,969.1 and 43,821, respectively, and the Nasdaq Composite fell 0.2% to 19,198.4. Industrials and communications services led the decliners intraday. Consumer staples and technology were the only gainers.

In economic news, the US Producer Price Index rose by 0.2% in October, faster than a 0.1% increase in September and, as expected in a survey compiled by Bloomberg. After excluding food and energy prices, core PPI rose 0.3%, above the 0.2% gain expected and following a 0.2% gain the previous month.

PPI was up 2.4% year over year in October, while core PPI increased by 3.1%, above their respective 1.9% and 2.9% September rates, according to the Bureau of Labor Statistics on Thursday.

Most US Treasury yields fell, with the 10-year down 6 basis points to 4.39% and the two-year slumped 3.4 basis points to 4.25%.

In company news, Walt Disney's ( DIS ) fiscal Q4 results exceeded market expectations buoyed by its streaming business, while the media and entertainment giant said it expects adjusted earnings growth in fiscal 2025 year over year. Shares soared 7% intraday, the top performer on the Dow.

Tapestry (TPR) terminated its proposed acquisition of Michael Kors and Versace parent Capri (CPRI) due to uncertainty regarding regulatory approvals, the companies said in separate Thursday statements. Shares surged over 12%, the biggest gainer on the S&P 500.

Super Micro Computer ( SMCI ) slumped nearly 11% intraday, the worst performer on the S&P 500 and the Nasdaq, after closing Wednesday with a 6.3% drop. The company said Wednesday it won't be able to timely file its quarterly report for the period ending Sept. 30 as it needs more time to complete financial statements and disclosures.

West Texas Intermediate crude oil was down fractionally at $68.41 a barrel.