Stock market today: S&P 500 ends lower after upside inflation surprise

Investing.com -- The S&P 500 closed lower Thursday as Treasury yields climbed following a hotter-than-expected inflation report.But producer prices rose more than expected in November, rising 0.4% last month after an upwardly revised 0.3% increase in October, ahead of the expected 0.2% gain.

Adobe, known for its software for creative professionals, has ramped up its investments in AI amid increased competition from smaller players, whose image generating software is expected to eat into Adobe's market share.stock fell nearly 2% after the top stakeholder of the pet products retailer announced plans to sell $500 million worth of stock.) detailed plans to split its cable TV business from its streaming and studio units, sending its shares more than 15% higher to a 52-week high.

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