On Thursday (March 14), U.S. stocks fell, with chipmaker stocks falling for the second day in a row, while a rise in the PPI caused investors to worry that the Fed may cut interest rates later than expected.。

US PPI increased more than expected in February as prices of commodities such as gasoline and food surged, data showed。Interest-sensitive utilities and real estate were the weakest on the day, with real estate down 1.6%, utilities down 0.8%。

The Fed is not expected to change rates at next week's policy meeting.。The Chicago Mercantile Exchange's FedWatch tool shows that the market has reduced the chances of a rate cut of at least 25 basis points in June from 81 a week earlier..7% down to 62.9%。

Tony Welch, chief investment officer at SignatureFD, said: "Overall, inflation data over the past two months have exceeded expectations, but the market remains on an upward trend.。Perhaps the Fed's policy tone this year is not as accommodative as the market expects, but it is unlikely to tighten further。"

Nvidia shares down 3.2%, while the semiconductor index fell 1.8 percent, and the index has fallen 3 percent so far this week..5%, investors profit after recent sharp gains。Dow Jones industrial average down 137.66 points, down 0.35 percent, to 38,905.66。The S & P 500 is down 14.83 points, down 0.29 percent, to 5,150.48, the Nasdaq composite index fell 49.24 points, down 0.3% to 16,128.53。

S & P 500 up about 8 percent year-to-date; small-cap Russell 2000 down 2 percent on day, underperforming。

Michael James, managing director of equity trading at Wedbush Securities, said: "The market's expansion and relatively narrow volatility are unsettling, while the PPI is more reflective of anxiety about the Russell Index."

Other data show US retail sales rebounded in February, up 0.6%, but below expectations of 0.8% growth。Robinhood Markets shares up 5.2%, the trading app operator said its assets in custody increased 16% in February.。

Turnover on U.S. exchanges was 13.1 billion shares, compared with a full-course average of 12.1 billion over the past 20 sessions.。Falling stocks outnumber rising stocks by 3 on New York Stock Exchange.77 to 1; on Nasdaq, decliners outnumbered gainers 3.08 to 1。

The S & P 500 had 39 new 52-week highs and no new lows; the Nasdaq composite recorded 57 new highs and 186 new lows。