Dow Jones fell 200 points after release of US inflation - Economist

The Dow Jones Industrial Average fell nearly 200 points, Thursday, after the release of hotter-than-expected US inflation data led to a rise in Treasury yields, while shares of chip giant Nvidia were experiencing pressure that led to their decline.

Stocks closed lower on Thursday after a hotter inflation report weighed on stocks and sent Treasury yields higher.

The S&P 500 fell 0.29% to close at 5,150.48. The Dow Jones Industrial Average fell 137.66 points, or 0.35%, to end the session at 38,905.66, while the Nasdaq Composite Index fell 0.3% to 16,128.53. 

The hot inflation report sent bond yields higher, with the benchmark 10-year Treasury note adding 10 basis points to 4.29%. Nvidia shares fell for the fourth session in five sessions, falling more than 4%.

Investors were buying major technology stocks such as Apple and Microsoft on Thursday. Trading platform Robinhood shares rose 5% after the company announced a 16% increase in assets under custody in February compared to the previous month. 

Electric vehicle startup Fisker's stock fell 53% after the Wall Street Journal reported that the company has hired restructuring advisers to prepare for a potential bankruptcy filing.