U.S. stocks suffered their worst drop in a month on Thursday after hotter-than-expected data on wholesale prices and talk of more aggressive interest-rate hikes rattled markets. The S&P 500 SPX, -1.38% fell 57.19 points, or 1.4%, to 4,090.41. The Dow Jones Industrial Average DJIA, -1.26% shed 431.20 points, or 1.3%, at 33,696.85. The Nasdaq Composite COMP, -1.78% dropped by 214.76 points, or 1.8%, to 11,855.83.
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