"Inflation Data Sparks Stock Market Slide"

US stocks slid after a hotter-than-expected wholesale inflation print, with the S&P 500 and Dow Jones Industrial Average falling 0.4% and 0.3% respectively, while the Nasdaq Composite also declined 0.2%. The Producer Price Index rose 0.6%, higher than expected, raising concerns about inflation and its potential impact on Federal Reserve policy. Meanwhile, retail sales rebounded in February, increasing by 0.6% after a steep decline in January, and oil prices continued to rise due to falling inventories and escalating drone attacks on Russian refineries.