US stocks recorded a moderate fall after the major US stock indexes closed higher following the reaction to yesterday's market-focused data.
Most notably, the Nasdaq has surpassed the 20,000 level for the first time.
On Wednesday, the Nasdaq made a new high after rising 1.77%, while the S&P 500 jumped 0.82%, almost reaching its previous high.
In contrast, the Dow Jones recorded a loss of 0.22%.
The positive increase was due to the inflation report data released that was in line with investor expectations.
Investors also placed high confidence that the Federal Reserve (Fed) will cut interest rates by 25 basis points.
Adobe lost 9% of its shares after revealing a weak earnings forecast for the latest quarter.
Apart from that, investors are also awaiting earnings reports from Broadcom, RH and Costo and at the same time they are also awaiting the US producer price index (PPI) report.
