Stocks fell Thursday as a hotter-than-expected inflation reading dampened outlooks. The Dow Jones Industrial Average fell over 200 points, while the S&P 500 Index and Nasdaq Composite lost 0.5% and 0.7%, respectively.

Here's how the market settled on Thursday:

S&P 500 Index (SPY  ): -0.54% or -32.94 points to 6,051.25

Dow Jones Industrial Average (DIA  ): -0.53% or -234.44 points to 43,914.12

Nasdaq Composite Index (QQQ  ): -0.66% or -132.05 points to 19,902.84

Moving Markets:

Producer Prices rose at a more-than-expected rate in November, the Bureau of Labor Statistics reported Thursday, as inflationary pressures continue to impact the U.S. economy. The producer price index (PPI) increased 0.4% month-over-month and 3% annually -- marking its largest year-over-year jump since February 2023. Excluding food and energy costs, core PPI increased 0.2% on the mont hand 3.5% year-over-year, while subtracting trade costs PPI rose by 0.1%.

In the News:

Warner Bros. Discovery (WBD  ) announced a restructuring plan on Thursday to segment its media units into a global linear networks division consisting of news, sports, scripted and unscripted programing under its brands CNN, TBS, TNT, HGTV and the Food Network. Its streaming and studios unit will operate under Warner Bros. Discovery's film studios and its streaming platfrom Max. The restructuring is expected to be completed by the middle of 2025.

"We continue to prioritize ensuring our Global Linear Networks business is well positioned to continue to drive free cash flow, while our Streaming and Studios business focuses on driving growth by telling the world's most compelling stores," CEO David Zaslav said in a statement.

Baird senior analyst William Power initiated coverage of Palantir Technologies (PLTR  ) at Hold on Wednesday, pricing the cybersecurity stock's price target at $70, impling a more than 3% downside from Wednesday's close. Power said he is optimistic on Palantir's growth opportunity as its sells artificial intelligence "firepower to western institutions."

"PLTR has excelled at actually putting generative AI applications into production, which is where we expect most value to be extracted in the coming years," Power wrote in a Wednesday note to clients. "We are positive on the company's position, but we are wary of chasing given strong YTD performance and valuation."

For Friday:

Market participants will parse through earnings reports from companies like Costco (COST  ) and Broadcom (AVGO  ) on Friday as they look ahead towards the Federal Reserve's final monetary policy decision of the year due out next week.